Hosted by the World Economic Forum, PepsiCo is a partner of the TFA and supports its mission, goals and objectives, including through active involvement in programs and initiatives to end commodity-driven tropical deforestation.PepsiCo is a founding member of the Coalition for Sustainable Livelihoods (CSL). PepsiCo partners with its customers to co-create sustainability initiatives that address short-term business requirements while working to reach longer-term ambitions.Progress toward our target to reduce 35% of virgin plastic content across our beverage portfolio by 2025, will be driven by increased use of recycled content and alternative packaging materials. At the end of 2019, our suppliers reported approximately 97% of our palm oil volumes were traceable to the mill level. The program was aligned with the resort’s Zero Waste to Landfill goal. PepsiCo will continue to represent consumer goods manufacturers on the working group as the substantial member in 2020.PepsiCo worked with external experts including Peterson to develop and implement PepsiCo’s Palm Oil Traceability Protocol. This makes H&M a trendsetter, and an ethical leader in clothing retail. We aim to work with others to address existing gaps, which, following the adoption of strengthened standards through the updated RSPO Principles and Criteria in 2018, primarily relate to the verification process. PepsiCo will drive change by working with a broad group of partners, including industry peers, nonprofit organizations, and people and companies throughout the plastics supply chain. If there was more available, we would buy it, and if there were more markets where it could be used, we’d utilize it. In order to ensure there is enough recycled plastic packaging to continue to incorporate rPET in our packaging, we need to continue to increase worldwide recycling rates.Innovation requires partnership across the full supply chain and we are working with peers pre-competitively through these partnerships, which highlight how collective action will drive progress toward a circular economy for plastic.Improving our packaging also helps to reduce our carbon footprint. This will build the pipeline for a circular future for packaging.We’re working toward a new target of a 35% reduction of virgin PET in our beverage portfolio by 2025, starting with a 1% reduction in 2019. To help address this challenge, and with an ambition to further expand the existing capacity-building component of the Smallholders Program, nine demo farms were launched in 2019. Highlights in the report include:As a global food and beverage leader, we have a responsibility to use our scale and influence to help tackle long-term challenges, including addressing the threats to our food system which have been further strained by the unfolding pandemic.The company also announced that it has named PepsiCo leader Simon Lowden as its first chief sustainability officer. This enables us to focus our attention and resources on issues and regions of greatest risk to prioritize our actions, engagement efforts, and investments in the most meaningful way.Ahead of the RSPO’s Roundtable 2018 RT meetings, the group agreed to develop an approach to monitoring and reporting on progress against NDPE commitments over three phases, Phase 1: Proof of concept; Phase 2: Trialing at scale; and Phase 3: Full implementation.Utilizing the information from the scorecards, we were able to continue our engagement with suppliers and support capability building to help improve practices.
It will require fundamental changes in how packaging is made and disposed of, along with rethinking its forms and functions.PET is the main material used to make beverage bottles and is the most widely recycled plastic. Since August 2017, we have been working in partnership with PepsiCo in Thailand to reach our goal of sustainable, responsible sourcing of sugar. We're reclaiming the recycled material to incorporate into our packaging, including brands like Naked Juice, Tazo, and LIFEWTR, which all will be bottled in 100% recycled content by the end of 2020.Users can choose from various unsweetened flavors, carbonation levels, and temperature options to make the perfect drink while using the app to record their preferences and environmental impact.PepsiCo is already one of the largest customers of food-grade rPET in the world.