PepsiCo today announced a new sustainability program called PepsiCo Positive, or pep+, committing to “a strategic end-to-end transformation with sustainability at the center of how the company will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.”
pep+ unites sustainability goals under three key themes:
Positive value chain
Here are a few examples of how Pepsi will meet these goals:
Converting all Pepsi-branded products to 100% rPET bottles, which will cut greenhouse gas emissions by approximately 30% per bottle. In the United States, Pepsi Zero Sugar will be sold in rPET bottles starting next year, with all products converted by 2030.
Introducing fully compostable packaging made with plant-based materials. Starting this month, Frito-Lay’s Off The Eaten Path products at Whole Foods will be packaged in compostable packaging.
“pep+ will change our brands and how they win in the market,” said Ramon Laguarta, PepsiCo’s Chairman and CEO. “For example, imagine Lay’s will start with a potato grown sustainably on a regenerative field, and then be cooked and delivered from a Net-Zero and Net Water Positive supply chain, sold in a bio-compostable bag, with the lowest sodium levels in the market. That’s a positive choice. That’s the best tasting, #1 potato chip of the future. That’s how pep+ will be better for people, for the planet, and for our business. Now, imagine the scale and impact when applied to all 23 of our billion-dollar brands.”
By Krista Garver
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.