Pepsi Beats Sustainability Goals
Published on by Water Network Research, Official research team of The Water Network in Business
In 2015, PepsiCo reduced its operational water use per unit of production by 26 percent versus a 2006 baseline
This exceeded the company's previously stated goal to reduce operational water use by 20 percent by the end of 2015.
PepsiCo's water conservation efforts saved the company more than $80 million between 2011-2015.
This is part of PepsiCo's broader environmental sustainability agenda, which has delivered more than $600 million in cost savings over the past five years through the continued progress of the company's water, energy, packaging and waste-reduction initiatives.
PepsiCo also continues to expand its efforts to provide access to safe water in water-stressed communities around the world. Through the PepsiCo Foundation, the company has partnered with leading non-profit organizations to now reach 9 million people with safe water access since 2006, far exceeding its original goal of 6 million by the end of 2015.
Access to safe water is an essential building block for improved social, economic and health conditions in communities around the world," said Dr. Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer, Global Research and Development.
"Companies have an important role to play in solving global water challenges, and we must continuously seek new ways to apply our unique capabilities and expertise to conserve this most precious resource.
All across PepsiCo, we continue to find innovative new ways to grow our business while using fewer natural resources—water among them," Khan continued.
"By driving down our operational water use and replenishing water within the local watershed, promoting innovative agricultural practices that yield more crop per drop, and enabling access to safe water and sanitation for millions of people, we have achieved important progress and are committed to doing much more in the years ahead."
PepsiCo has a comprehensive and ambitious global water stewardship strategy. The company's progress to date includes:
- Reducing absolute water usage in its operations by approximately 3.2 billion liters in 2015, while still growing its beverage and snacks manufacturing volume. In Jordan, PepsiCo's business has cut water usage by more than 40 percent per unit of production since 2006.
- Launching the Sustainable Farming Initiative in 2013 to help growers operate more efficiently and meet PepsiCo's social, economic and environmental standards—including the development of effective water management plans to preserve local water quality. Today, the Sustainable Farming Initiative has expanded to growers across 15 countries, with active programs representing over 28,000 growers in its supply chain.
- Developing and deploying a direct seeding machine for rice farmers in India, enabling participating growers to save more than 10 billion liters of water since 2013.
Read full article at: Finance Yahoo
Media
Taxonomy
- Business Strategy
- Conservation
- Sustainability
- Consumption