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
Currently chief executive of GreenV – an international group of companies active in the horticultural sector – van Karnebeek spent a large portion of his career at Heineken, working in commercial, marketing and general management positions. He served as chief commercial officer at the Dutch brewer from 2015 until 2021.
The facility combines the existing Kerry office in Barcelona with a new customer suite and application labs. It will enable the company to work more closely with its customers in Southern Europe to develop food and beverage solutions.
The sweet and culinary flavor creation labs are the latest addition to the company’s expansive campus that has been in operation since 1964, spanning more than 312,150 square feet in Brabrand, Denmark. The innovation hub is home to more than 400 employees engaged in research, application development, ingredient and flavor creation.
