PepsiCo has announced the publication of its 2008 Corporate Citizenship Report executive summary. The report details the company's progress in addressing economic, environmental and social challenges in the 2008 fiscal year.
In the Report, PepsiCo reported notable sustainable development achievements in conservation of more than 750,000 megawatt hours of energy and more than 7.5 billion liters of water.
Meanwhile, the company reports that its environmental sustainability efforts are primarily focused on water, climate change, agriculture and packaging. In addition its goal is to reduce water consumption by 20 percent, electricity consumption by 20 percent and fuel consumption by 25 percent per unit of production by 2015 as compared to its 2006 consumption.
On climate change, the company reported that it is working hard to reduce its use of energy and transform its businesses by replacing existing use of oil, gas and fossil fuels in manufacturing with renewable energy sources.
Also in 2008, the company introduced a new half-liter bottle for the Aquafina flavored waters, Lipton Iced Teas, and Tropicana juice drinks. The new bottle contains 20 percent less plastic than the previous bottle and its label is 10 percent smaller than before. PepsiCo asserts that these innovations are taking nearly 6 million kilograms of packaging out of the system each year and reducing greenhouse gas emissions by 18,000 metric tons annually - equivalent to taking 3,350 cars off the road annually.
Other notable sustainable development achievements for 2008 include:
- Formation of a $6 million, three-year partnership with The Earth Institute at Columbia University and the PepsiCo Foundation that includes a series of community-based activities to address water, agriculture and climate issues;
- Development of Sustainability Engineering Guidelines based on LEED standards that apply to all new construction as well as major remodels of existing buildings globally, where practical;
- Signing of the United Nations' CEO Water Mandate and actively support its activity;
- The launch of PepsiCo University, which offers a blended approach to learning through both classroom activities and online tools;
- News that its Walkers crisps brand reduced its energy use per pack by one-third and its water use by 42%, following its carbon certification in 2000; and
- The launch of the Female Talent Development program in our Middle East and Africa region to focus on workplace equality and increase recruitment of women.
In a letter, PepsiCo Chairman and CEO, Indra Nooyi said, “We are intent on mitigating climate change and continuing our efforts to reduce greenhouse gas emissions.”
Related LinkPepsiCo press release
