PepsiCo reveals sustainability plans19 Oct 2016
PepsiCo has announced what it describes as an ambitious global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs.
PepsiCo has announced what it describes as an ambitious global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs. The company's efforts, which focus on creating a healthier relationship between people and food, include specific 2025 goals to continue transforming PepsiCo's food and beverage product portfolio, contribute to a more sustainable global food system and help make local communities more prosperous.The company said that these new initiatives continue PepsiCo's decade-long commitment to delivering Performance with Purpose, a pioneering vision launched in 2006 rooted in the fundamental belief that business success is inextricably linked to the sustainability of the world we share."To succeed in today's volatile and changing world, corporations must do three things exceedingly well: focus on delivering strong financial performance, do it in a way that is sustainable over time and be responsive to the needs of society," said PepsiCo Chairman and CEO Indra Nooyi. "The first ten years of PepsiCo's Performance with Purpose journey have demonstrated what is possible when a company does well by also doing good. We have created significant shareholder value, while taking important steps to address environmental, health and social priorities all around the world.""PepsiCo's journey is far from complete, and our new goals are designed to build on our progress and broaden our efforts," Nooyi continued. "We have mapped our plans against the United Nations Sustainable Development Goals, and we believe the steps we are taking will help lift PepsiCo to even greater heights in the years ahead. Companies like PepsiCo have a tremendous opportunity - as well as a responsibility - to not only make a profit, but to do so in a way that makes a difference in the world."PepsiCo's Performance with Purpose agenda for the coming decade is focused on three core priorities: helping to improve health and well-being through the products it sells; protecting our planet; and empowering people around the world.Across its business and in partnership with others, PepsiCo said it is taking a holistic approach to achieving progress in all three areas, and that its plans have been informed by current scientific research, consumer expectations and dialogue with key stakeholders, as well as by the United Nations' 2030 Agenda for Sustainable Development.In pursuing these goals, PepsiCo said that its actions will be consistent with responsible capital allocation, commitment to its financial targets and the creation of shareholder value, believing that achieving these goals will enhance its long-term financial performance and returns."During the past decade, PepsiCo has become a role model for global companies by demonstrating that aligning business and societal interests is a recipe for strong financial results," said Bill George, senior fellow, Harvard Business School. "PepsiCo's example is a positive reminder that the world's top-performing companies are increasingly measured by more than short-term financial returns. They can and must be forces for good in the world, and those that embrace this mindset will be best positioned to deliver for both shareholders and society."
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