PepsiCo Achieves Safe Water Access Goal
PepsiCo, Inc. announces that it has achieved its previously stated goal of partnering to provide access to safe water to three million people in developing countries by the end of 2015. Given the company's strong progress to date, PepsiCo also announced a new commitment to provide access to safe water to an additional three million people over the next three years through continued partnerships with water organizations, doubling the company's original goal.
"By respecting and acting on the interdependence of corporations and the societies in which we operate, we have made great progress in recent years to position PepsiCo to deliver sustainable long-term performance," says PepsiCo Chairman and CEO Indra Nooyi. "We continue to find innovative ways to reduce costs and minimize our impact on the environment, and our comprehensive approach to water stewardship is enabling PepsiCo to play a positive role in addressing water scarcity while also increasing the efficiency of our business operations."
PepsiCo has achieved this milestone as a result of its Performance with Purpose strategy, which is the company's goal to deliver sustained financial performance by providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize PepsiCo's impact on the environment and lower the company's costs through energy and water conservation, as well as reduced packaging; providing a safe and inclusive workplace for employees globally; and respecting, supporting and investing in the local communities in which PepsiCo operates.
Through the PepsiCo Foundation, PepsiCo has identified projects and partners to provide access to safe water to millions of people through initiatives that include water conservation, distribution, purification and hygiene for underserved communities in China, India, Mali, Brazil, Colombia, and other Latin American countries.
The announcement was made in conjunction with the Columbia University Earth Institute at their State of the Planet Conference, which is being sponsored by the PepsiCo Foundation. The Earth Institute and the PepsiCo Foundation have had a successful working relationship on water-related projects since the Foundation's $6 million grant in 2008 helped found the Columbia Water Center.
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