PepsiCo Sustainability report 2020
PepsiCo has published its 2020 Sustainability Report, which acknowledges the significant work ahead to address pressing challenges in the food system, such as:
- Packaging waste
- Fertile topsoil loss
- Climate change
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories. The company generated more than $70b in net revenue in 2020, from sales of Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream.
PepsiCo continuing its sustainable efforts
PepsiCo is conducting its business with sustainability and inclusivity as a priority, with highlights including:
- Reducing greenhouse gas emissions across the value chain by 5% as of 2020 versus a 2015 baseline.
- Improving operational water-use efficiency by 15% in high water-risk areas.
- Advancing its $570+ million Racial Equality Journey to elevate diverse voices within the company, among supply chain partners and communities, whilst helping to break down longstanding racial barriers.
- Continuing efforts to help build a world where packaging never becomes waste, including offering products made from 100% rPET (recycled polyethylene tetraphyte).
- Working with The PepsiCo Foundation to invest more than $71m globally in COVID-19 relief and provide over 145 million meals to those impacted by the pandemic.
- Announcing plans to transition to 100% renewable electricity globally, after achieving 100% renewable electricity for its U.S. direct operations in 2020. By the end of 2021, 15 countries in PepsiCo's direct operations are expected to be fully sourcing renewable electricity.
- Doubling down on its science-based climate goal by targeting a reduction of absolute greenhouse gas emissions across its value chain by more than 40% by 2030 and pledging to reach net-zero emissions across its global operations by 2040.
PepsiCo’s positive change for the planet and people
Despite a tumultuous year for consumers, employees and partners, PepsiCo’s report shows it has advanced its social and sustainability agenda across its supply chain.
"We are working to transform the way we create shared value by operating within planetary boundaries and inspiring positive change for the planet and people," said Ramon Laguarta, PepsiCo's Chairman and CEO. "This will make us a Better company, with purpose more deeply integrated into our business strategy. It will also make us Faster and Stronger, enabling accelerated growth and continued investment in our people, business and communities. And we hope it will make us an example, for our partners and our peers."
Jacobs amplifies sustainability practices with PlanBeyond 2
Civil engineering group, Jacobs, is reinforcing environmental, social and governance (ESG) alignment across the business, through the implementation of a new global approach, PlanBeyondSM 2.0. This will propel the integration of sustainability throughout operations and client solutions.
Jacobs provides consulting and project delivery, for both the government and the private sector. The company is headquartered in Dallas, Texas and has a revenue of US$13bn.
With the launch of PlanBeyond 2.0, sustainability will be even more deeply integrated into Jacobs' global workforce. PlanBeyond 2.0 continues Jacobs' commitment to embed sustainability across all solutions — with accelerated investment in ESG growth sectors including energy transition, sectoral decarbonisation, environmental stewardship, health and social value.
Jacobs aims to hit its sustainability targets
In 2015, the United Nations set up the 17 Sustainable Development Goals, targets agreed to by all United Nations Member States to end poverty, support the environment and create social wellbeing.
Jacobs believes that all 17 of the goals are interconnected. Through stakeholder engagement and assessment, Jacobs has identified six core SDGs, which have been turned into business objectives:
- To advance the health and wellbeing of society
- Deliver solutions for the global water and sanitation crisis
- Foster a culture of technology and innovation
- Create a fair and inclusive future for all
- Develop efficient solutions that deliver net environmental and societal gain
- Address the climate emergency
Jacobs’ employees will expand their understanding of sustainability
Additionally, Jacobs will educate and empower its employees across the company by increasing their knowledge of sustainability, so that all client solutions across its global markets can be designed to contribute toward a resilient future. Employees will:
- Have access to training courses
- Be offered project tools to reinforce sustainability plans and targets
- Be introduced to climate risk and resilience practices
"As a purpose-led company, we recognise that our biggest opportunity to positively address climate change and societal inequalities comes from the solutions we provide our clients — from the world's largest infrastructure projects to mission-critical outcomes and sustainable design", said Steve Demetriou, Jacobs Chair and CEO. "We consider it not only good business, but our obligation to channel our expansive capabilities in resilient infrastructure, regenerative design, clean water, green energy and social value toward benefitting people and the planet, while continuing to outperform and drive superior stakeholder value."
Sustainability at Jacobs means ‘Pursuing long-term business resilience and success while positively contributing toward the economy, society and the environment’ - this can’t be done without the Jacobs team understanding why sustainability is so important and achievable.