PepsiCo has launched its first green bond worth US$1 billion to fund the firm’s sustainability initiatives. These, the firm says, are aligned with the UN Sustainable Development Goals:
Sustainable Plastics and Packaging: PepsiCo has a new target to reduce 35% of virgin plastic content across its beverage portfolio by 2025.
Decarbonization of Operations and Supply Chain: PepsiCo has set a goal of reducing absolute greenhouse gas emissions across its value chain by 20% by 2030, from a 2015 baseline.
Water Sustainability: By 2025, in high water-risk areas, PepsiCo aims to replenish 100% of the water it consumes in its manufacturing operations and improve its operational water-use efficiency.