PepsiCo Releases 2023 ESG Progress Report

This suite, consisting of the ESG Summary, ESG Topics A-Z, and the ESG Data Hub, outlines the significant strides PepsiCo is making toward enhancing long-term business performance and value through sustainability.

In 2023, PepsiCo not only achieved several of its sustainability goals ahead of schedule but also set ambitious new targets and recorded substantial progress in key areas. However, challenges in sustainable packaging remain. Noteworthy achievements include:

• A 13% reduction in Scope 1 and 2 emissions and a 5% reduction in total Scope 1, 2, and 3 emissions year over year.
• A 4% year-over-year reduction in the use of virgin plastics derived from non-renewable sources.
• Expansion of the company’s global regenerative farming practices, now encompassing over 1.8 million acres.
• A 25% improvement in water-use efficiency at high-risk locations compared to a 2015 baseline, achieved two years ahead of schedule.
• Assistance provided to over 10 million people in gaining access to safe water, totaling over 91 million since 2006.

Introduction of new goals for sodium reduction and diverse ingredient usage, with 36% of food volumes meeting the new sodium targets and 75 billion portions of diverse ingredients delivered.

Jim Andrew, PepsiCo’s Chief Sustainability Officer, commented on the progress: "As we mark the third year of our pep+ journey, it is evident that our focused efforts are yielding positive results across multiple domains, notably in reducing virgin plastic use and overall emissions. While we celebrate these successes, we acknowledge the ongoing challenges and are committed to strategic resource allocation and partnerships to amplify our impact."

The 2023 ESG progress highlights are detailed in PepsiCo’s digital summary and are available through the complete ESG Reporting Suite, accessible online.