The Silicon Review
27 January, 2020
In line with many companies taking steps to ensure a sustainable future, Global Food and Beverage giant, PepsiCo had also revealed its key sustainability priorities and strategies for the Asia-Pacific region. The sustainability challenges for the company will be huge, given its broad portfolio that spans a large number of products from non-alcoholic beverages to snacks.
The key sustainability priorities for the company are next generation agriculture, positive water impact and a circular future for packaging.
The firm had always prioritized locally grown produces over imports during the manufacturing of its products. For this purpose, farming programs had been setup by the company, which not only supports local farmers and farming communities, but also ensures that the company’s raw materials are supplied in a sustainable manner. The biggest push factor for sustainability is the increasing consumer demand and awareness of sustainability practices. Consumers now expect their brands to comply with the sustainability practices.
PepsiCo also aims to reach its target of increasing recycled content in their plastics packaging to 25 percent and reduce its virgin plastic content across the beverage portfolio to 35 percent, all by 2025. Also, a key part of their strategy is to have a positive water impact. A farm in Thailand, where the company has implemented its program, had reduced the water use by 28 percent through a solar-powered, drip irrigation system while increasing the farm yield by 45 percent.
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