July 5, 2024
PepsiCo published its 2023 progress report on environmental, social and governance (ESG) results. The 2023 ESG report includes the ESG Summary , ESG Topics A to Z , and the ESG Data Hub , which provides a detailed update on pep+, the global transformation program that seeks to drive long-term business performance and value.
In 2023, PepsiCo achieved some goals ahead of schedule, introduced new ones, and made significant progress on others. The accelerated pace to achieve our goals has been sustained by a wide range of technical innovations, strategic investments, and novel alliances, in addition to the individual commitment of each of the company’s 318,000 employees, 80,000 of whom are in Latin America.
Specifically in Central America and the Caribbean, recent achievements stand out:
The plants in Guatemala and the Dominican Republic are among the five plants in Latin America that have 100% adhered to the international standard for sustainable water management of AWS (Alliance for Water Stewardship), and 19 more plants are in the process of adopting it in the region.
In Latin America, they have brought safe water to 19 million people since 2016. Every drop is a bond with the community, a commitment that goes beyond numbers. In Guatemala, more than 23,000 people from 4 communities in Santa Lucía Utatlán in Sololá have access to water and sanitation as part of the IDB-associated program AquaFund, in collaboration with the Inter-American Development Bank, the PepsiCo Global Foundation and the organization Action Against Hunger.
During 2023, the company replenished 341.2 million liters through the “Water for the Planet” program, together with its partners The Nature Conservancy in Guatemala and the Dominican Republic. It is a program that protected 454 hectares that year and directly benefited 578 people . To complement the replenishment efforts, more than 185 PepsiCo volunteers participated in 5 reforestation activities to plant water in high-consumption sites in the Dominican Republic, Guatemala, Panama, Costa Rica, and Honduras.
Globally, the company has a goal of reducing CO2 emissions by 75% by 2030 and to date, in Central America and the Caribbean, it has made 21% progress towards the goal. This has been done through a comprehensive plan to reduce fuel use and use renewable energy, both in the fleet and in the company’s manufacturing facilities and logistics centers.
The footprint on the farm is also notable. 99% of the potatoes the company buys are certified for sustainable agricultural practices, as is 100% of its sugar and palm oil.
At a global level, “ Three years into our pep+ journey, it’s clear that the approach we’ve driven across the business is working in many areas. Our use of virgin plastics is down year-over-year and our total Scope 1, 2 and 3 emissions are down compared to 2022, as well as compared to our 2015 baseline. All of this is worth celebrating. However, the road ahead will continue to present challenges ,” said Jim Andrew, Chief Sustainability Officer, PepsiCo. “We continue to evaluate where to dedicate time and resources to make a meaningful impact and ensure we are focusing our efforts. Building strong, strategic partnerships with other scale players and adopting and scaling innovative technologies are core to our strategy .”
This year’s digital summary and all associated downloadable resources are available here . Please see PepsiCo’s full ESG Reporting Suite assets for a complete overview of PepsiCo’s 2023 pep+ results.