PepsiCo has announced the closing of a new $1.25 billion ten-year green bond, as it looks to accelerate its pep+ (PepsiCo Positive) agenda.
The company will use an amount equivalent to the net proceeds from the offering to fund green projects that focus on two pillars of its pep+ agenda: ‘positive agriculture’ and ‘positive value chain’.
The new green bond is PepsiCo’s second since 2019, and $858 million in equivalent proceeds from the first are already allocated to eligible green projects across six continents.
“We were one of the first food and beverage corporations to issue a green bond and that initial funding has played a critical role in our sustainable transformation so far,” said Jim Andrew, chief sustainability officer at PepsiCo.
“While tackling the climate crisis requires a collaborative effort, it is clear that the private sector must play a leadership role. Our new green bond will be pivotal to channelling investment into the critical areas required to build a more sustainable and resilient food system.”
By Antonia Garrett Peel
Source: foodbev.com
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
