Pepsico Releases 2023 Environmental, Social and Governance (ESG) Summary

In 2023, PepsiCo achieved some of its Environmental, Social, and Governance (EMS) goals ahead of schedule and continues on its path by implementing new targets and making strong progress in other areas. The 2023 EMS Summary, covering EMS topics from A to Z and the EMS Data Center, provides a detailed update on pep+, PepsiCo’s global transformation program aimed at improving long-term business performance and its positive global impact.

PepsiCo's Chief Sustainable Officer, Jim Andrew , said the following about the report: “In our three-year journey with pep+, we have made significant progress toward our ESG goals thanks to the focus we’ve brought across PepsiCo. Our use of virgin plastics has decreased year-over-year, and our total Scope 1, 2 and 3 emissions have decreased compared to 2022 and our baseline year of 2015. While all of this is worth celebrating, the road ahead remains fraught with challenges. We continue to assess where we need to allocate our time and resources to make a meaningful impact and ensure we remain focused on our efforts. Building strong and strategic partnerships with other stakeholders and adopting and scaling groundbreaking technologies is central to our strategy.”

Through a broad range of innovations, strategic investments, groundbreaking partnerships and a multitude of activities carried out by its 318.000 global employees, the company has achieved global results by:

• Reduced Scope 1 and 2 emissions by 13% compared to the previous year, and total Scope 1, 2 and 3 emissions by 5%^,
• Reduced the use of virgin plastic obtained from non-renewable resources by 4% compared to the previous year,
• More than doubled its global regenerative agriculture footprint to over 1.8 million acres,
• A 2015% improvement in water use efficiency was achieved in operations in regions with high water risk, compared to the 25 base year, two years earlier than anticipated,
• Reaching a total of more than 2006 million people since 91, it has provided more than 10 million people with access to safe water,
• Two new goals were set to reduce sodium and introduce different food ingredients: 36% of our food volume has sodium at or less than these new reduction targets, and we have introduced 75 billion servings of different food ingredients to consumers.

Strong results were achieved in Turkey in line with global targets in 2023:

• 100% Sustainable potato and corn production, rapid progress in regenerative agricultural practices,
• Meeting 30% of the natural gas need from biomethane gas with the Manisa Biomethanization facility,
• Recycling 69% of the water used operationally in our Tarsus factory to the Berdan basin,
• 1% reduction in our Scope 2 and 2015 emissions compared to 57.

Source: HORECA Trend and PepsiCo