PepsiCo Joins Sustainability-Focused Network
PepsiCo is now a member of Ceres' corporate network, a coalition of investors, environmental groups and public interest organizations working with companies to address sustainability challenges such as global climate change.
"To address the tough environmental and social issues facing global corporations today, we need to hear from a diverse group of stakeholders who challenge us to innovate and operate in a sustainable manner," says Indra Nooyi, PepsiCo chairman and chief executive officer. "No one has access to such a vast network of valuable, independent input as Ceres and we are very pleased to be a part of this network."
Nooyi launched PepsiCo's "Performance with Purpose" initiative in 2006, designed to drive the company's sustainability efforts in three core areas -- products, environment and people. With this framework in place, the company has made a range of commitments, including reducing water consumption by 20 percent, fuel consumption by 25 percent and electricity consumption by 20 percent per unit of production by 2015, as compared to 2006. PepsiCo is also looking down its supply chain to understand the climate change impact of products from field to fork.
PepsiCo's Frito-Lay division has announced that it will introduce the first fully compostable snack chip bag made from plant-based materials in 2010. And in China, PepsiCo is partnering with the local farmers to convert desert land in inner Mongolia into potato farms by installing water-conserving pivot irrigators and soil-conserving crops. The result is a rotation of commercially viable crops with an initial water savings of 50 percent.
To propel these initiatives, PepsiCo has integrated these priorities into and with PepsiCo management. Environmental performance is led by the Environmental Sustainability Leadership Team and is made up of senior executives from across the company.
"PepsiCo has come to realize that being a leader in social responsibility is not only good for the environment and communities around the world, but it's good for business," says Ceres President Mindy Lubber. "Ceres is excited to begin our work with what promises to be a sector-changing company."
Companies that join Ceres must make continuous strides in improving their sustainability performance and reporting practices by engaging with investors, environmental groups, and other stakeholders.
"To address the tough environmental and social issues facing global corporations today, we need to hear from a diverse group of stakeholders who challenge us to innovate and operate in a sustainable manner," says Indra Nooyi, PepsiCo chairman and chief executive officer. "No one has access to such a vast network of valuable, independent input as Ceres and we are very pleased to be a part of this network."
Nooyi launched PepsiCo's "Performance with Purpose" initiative in 2006, designed to drive the company's sustainability efforts in three core areas -- products, environment and people. With this framework in place, the company has made a range of commitments, including reducing water consumption by 20 percent, fuel consumption by 25 percent and electricity consumption by 20 percent per unit of production by 2015, as compared to 2006. PepsiCo is also looking down its supply chain to understand the climate change impact of products from field to fork.
PepsiCo's Frito-Lay division has announced that it will introduce the first fully compostable snack chip bag made from plant-based materials in 2010. And in China, PepsiCo is partnering with the local farmers to convert desert land in inner Mongolia into potato farms by installing water-conserving pivot irrigators and soil-conserving crops. The result is a rotation of commercially viable crops with an initial water savings of 50 percent.
To propel these initiatives, PepsiCo has integrated these priorities into and with PepsiCo management. Environmental performance is led by the Environmental Sustainability Leadership Team and is made up of senior executives from across the company.
"PepsiCo has come to realize that being a leader in social responsibility is not only good for the environment and communities around the world, but it's good for business," says Ceres President Mindy Lubber. "Ceres is excited to begin our work with what promises to be a sector-changing company."
Companies that join Ceres must make continuous strides in improving their sustainability performance and reporting practices by engaging with investors, environmental groups, and other stakeholders.