PepsiCo Prices US$1 Billion Green Bond to Fund Key Sustainability Initiatives

PepsiCo Prices US$1 Billion Green Bond to Fund Key Sustainability Initiatives

命名第一首席可持续性官员随着公司提升金博宝怎么注册议程以帮助建立更可持续的食品系统

Thursday, October 10, 2019 - 3:30pm

CONTENT: Press Release

PURCHASE, N.Y., Oct. 7, 2019 /3BL Media/ -- PepsiCo Inc. (NASDAQ:PEP) today announced that it has priced the company's first ever Green Bond. The net proceeds from the US$1 billion Green Bond offering will fund a series of key initiatives to advance PepsiCo's sustainability agenda. The company also announced that it has named PepsiCo leader Simon Lowden as its first Chief Sustainability Officer. In this new role, effective immediately, Lowden will be responsible for leading PepsiCo's Sustainability Office, including the Global Sustainable Plastics team and Global Sustainable Operations team.

"PepsiCo is deeply committed to using our scale for good and advancing the purpose behind our sustainability agenda: to help build a more sustainable food system," said Ramon Laguarta, PepsiCo Chairman and CEO. "Issuing a bond focused on environmental sustainability reflects our deep commitment to the priorities laid out in our recent Sustainability Report and represents another step in our plan to become a faster, stronger, better company. As Chief Sustainability Officer, Simon will play a critical role in this effort, and I am thrilled he has agreed to take on such an important responsibility."

In September, PepsiCo released its2018 Sustainability Report, which outlined six priority areas where the company believes it can make the best contribution – agriculture, water, packaging, products, climate and people – along with eight ambitious and measurable goals. The following eligible categories for the use of the Green Bonds net proceeds are aligned with these priorities and the U.N. Sustainable Development Goals (SDGs):

  • Sustainable Plastics and Packaging: PepsiCo has a new target to reduce 35% of virgin plastic content across its beverage portfolio by 2025. Green Bond proceeds will help reach this target by funding projects that purchase compostable, biodegradable and/or recyclable material for use in product packaging, and by investing in the development of packaging that includes bio-based PET bottles and compostable and biodegradable snacks flex films. (SDG 9 – Industry, Innovation and Infrastructure, and SDG 12 - Responsible Consumption and Production)
  • Decarbonization of Operations and Supply Chain: PepsiCo has set a goal of reducing absolute greenhouse gas emissions across its value chain by 20% by 2030, from a 2015 baseline. Green Bond proceeds will advance this goal by funding projects that improve energy efficiency, utilize cleaner transportation that replaces fossil fuel-powered cars with electric vehicles, and train farmers on ways to improve soil health. (SDG 7 – Affordable and Clean Energy, and SDG 11 Sustainable Cities and Communities)
  • 水的可持续性金博宝怎么注册:到2025年,在高水危地区,百事可乐旨在补充其在制造运营中消耗的100%的水,并提高其运营饮水效率。绿色债券收益将通过资助集中于水回收和再利用,替代农作物旋转 /种植的项目来支持这一目标,并为小农提供滴灌和其他节水技术的机会。(可持续发展目标6-清洁水与卫生,可持续发展目标12 - 负责的消费和生产,以及可持续发展目标15 - 陆地上的生活)

Lowden说:“我感到骄傲的百事可乐已经发布了首个绿色债券,以应对诸如碳排放,清洁水和塑料废物等全球挑战,并且该公司继续成为解决关键可持续性问题的领导者。”金博宝怎么注册“此产品反映了我们通过将可持续性进一步融入我们的业务和我们的品牌来赢得胜利的承诺,并成为全球解决方案的一部分。我期待与世界各地的许多利益相关者合作,包括社区,消费者,客户,政府和非政府组织金博宝怎么注册- 提出这一重要议程。”

Lowden brings a wealth of critical experience and passion to his new position. In addition to leading PepsiCo's Plastics Council and spearheading the company's Global Sustainable Plastics agenda for the past year, he has held numerous leadership positions across both Foods and Beverages, in North America and globally, throughout his 23-year career with PepsiCo. He most recently served as President of the Global Foods Group, where he oversaw a period of impressive growth. Before leading the Global Foods Group, Lowden had roles as Chief Marketing Officer (CMO) of North America Beverages and CMO of PepsiCo International.

关于百事可乐

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $64 billion in net revenue in 2018, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visitwww.pepsico.com.

Cautionary Statement

This release contains statements reflecting our views about our future performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "goal," "intend," "may," "plan," "project," "strategy," "target" and "will" or similar statements or variations of such terms and other similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such statements, including changes in demand for PepsiCo's products, as a result of changes in consumer preferences or otherwise; changes in laws related to the use or disposal of plastics or other packaging of PepsiCo's products; changes in, or failure to comply with, applicable laws and regulations; imposition or proposed imposition of new or increased taxes aimed at PepsiCo's products; imposition of labeling or warning requirements on PepsiCo's products; PepsiCo's ability to compete effectively; political conditions, civil unrest or other developments and risks in the markets where PepsiCo's products are made, manufactured, distributed or sold; the ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; increased costs, disruption of supply or shortages of raw materials and other supplies; business disruptions; damage to PepsiCo's reputation or brand image; loss of, or a significant reduction in sales to, any key customer; disruption to the retail landscape, including rapid growth in hard discounters and the e-commerce channel; climate change or water scarcity, or legal, regulatory or market measures to address climate change or water scarcity; and other factors that may adversely affect the price of PepsiCo's publicly traded securities and financial performance. For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

接触

Carrie Ratner
Corporate Communications