PEPSICO PROUDLY ANNOUNCES “PEPSICO POSITIVE (PEP+)” WITH THE WORLD

To build the kind of food system that can feed a growing global population – expected to be nearly 10 billion people by 2050 – while regenerating the earth, mitigating climate change and meeting the needs of our stakeholders, we will have to take our efforts to a new level.
That’s why we are proud to announce Pep+ (PepsiCo Positive), a strategic end-to-end transformation with sustainability at the center of how we will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.
This will be a turning point for PepsiCo. As a company that does business in more than 200 countries and territories and uses more than 25 crops sourced from over 7 million acres in 60 different countries, we have an opportunity and a responsibility to use our scale to help build a more sustainable food system – a system that preserves the planet and positively impacts the people and communities we work with and
serve.
Alongside the introduction of Pep+, we are announcing new goals to cut virgin plastic per serving by 50% across our global food & beverage portfolio by 2030, using 50% recycled content in our plastic packaging and scaling the SodaStream business globally, part of the brand’s effort to help consumers avoid more than 200 billion
plastic bottles by 2030, among other levers.
We are proud that some of our most beloved brands are leading the way forward with a story-doing approach, accelerating their efforts to realize our sustainable packaging vision and leveraging their influence to educate consumers on recycling and the planetary impacts of their choices.

• 11 European markets are moving key Pepsi-branded products to 100% rPET bottles by 2022. PepsiCo estimates that shifting to a 100% rPET bottle will lower GHG emissions by approximately 30% per bottle.
• In the U.S., all Pepsi-branded products will be converted to 100% rPET bottles by 2030, with Pepsi Zero Sugar beginning to be sold in 100% rPET bottles by 2022. The brand is celebrating this important move to sustainable packaging with a new consumer-centric platform leveraging fall football and driving recycling awareness, education and advocacy, which are critical because rPET availability depends on consumers’ commitment to recycling.
• We have been investing in breakthrough food packaging technology, and now we are introducing a fully compostable bag made with plant-based materials. Starting with Off The Eaten Path, one of Frito-Lay’s plant-based brands, this industrially compostable packaging will be available to consumers in the U.S. at Whole Foods stores beginning this month. We are also announcing that we are willing to work with other companies to license the same technology at no cost given the importance of creating a circular food packaging system.

These new goals and our commitment to Pep+ reflect a new business reality. Consumers are becoming more aware of the companies behind the brands and our impact on the environment. Our stakeholders are asking more from us, and rightfully so. We recognize that by becoming better ourselves, we can not only meet their needs and position ourselves for long-term growth – we can also help build a stronger, more sustainable future for us all.

To learn more, please visit www.pepsico.com/pepsicopositive