PepsiCo has announced an ambitious sustainability agenda designed to foster continued business growth to meet changing consumer and societal needs.
“To succeed in today’s volatile and changing world, corporations must do three things exceedingly well: focus on delivering strong financial performance, do it in a way that is sustainable over time and be responsive to the needs of society,” said PepsiCo chairman and CEO Indra Nooyi.
PepsiCo plans to create healthier relationships between people and food, which will contribute to a more sustainable global food system while helping make local communities more prosperous.
These new initiatives continue PepsiCo’s decade-long commitment to delivering ‘Performance with Purpose’, a pioneering vision launched in 2006 rooted in the fundamental belief that business success is inextricably linked to the sustainability of the world people share.
“The first 10 years of PepsiCo’s ‘Performance with Purpose’ journey have demonstrated what is possible when a company does well by also doing good,” Nooyi said. “We have created significant shareholder value, while taking important steps to address environmental, health and social priorities all around the world.
“PepsiCo’s journey is far from complete, and our new goals are designed to build on our progress and broaden our efforts,” she continued.
“We have mapped our plans against the United Nations Sustainable Development Goals, and we believe the steps we are taking will help lift PepsiCo to even greater heights in the years ahead,” she further stated.
PepsiCo’s agenda for the coming decade focuses on three core priorities:
- Helping to improve health and well-being through the products it sells.
- Protecting the planet.
- Empowering people around the world.
The company believes that achieving these goals will enhance long-term financial performance and returns.
“During the past decade, PepsiCo has become a role model for global companies by demonstrating that aligning business and societal interests is a recipe for strong financial results,” said Bill George, senior fellow at the Harvard Business School.
“PepsiCo’s example is a positive reminder that the world’s top-performing companies are increasingly measured by more than short-term financial returns. They can and must be forces for good in the world. Those that embrace this mindset will be best positioned to deliver for both shareholders and society.”
