Pepsi Sets New Goals For Sustainability, Says Nooyi
Pepsi CEO, Indra Nooyi, spoke about Pepsi’s sustainability goals in a LinkedIn post today. She said that Pepsi is recommitting itself to its ‘Performance with Purpose’ philosophy, which it had launched 10 years ago. Pepsi had committed itself to growing its business sustainably after acknowledging that consumers’ needs are changing. People want healthier foods, environmental concerns are growing, and competition for the next generation of talent is more intense than ever, said Nooyi.
“It’s transforming the way we do business so we can deliver strong long-term financial returns in a way that is sensitive to the needs of the world around us, while galvanizing our entire company to embrace a deeper sense of meaning in our work,” Nooyi said, while explaining Pepsi’s sustainability agenda.
Pepsi’s nutrition brands are now 45 per cent of revenue, its use of sustainable packaging and more efficient water and energy usage have saved them more than $600 million. Nooyi said that though Pepsi has made significant strides in sustainability, there is still more work to do.
“The challenges facing our world have only grown more urgent – from obesity and under-nutrition, to resource scarcity and climate change, to injustice and inequality of all kinds. That’s why today we’re recommitting ourselves to Performance with Purpose and upgrading our goals for the next ten years – what we’re calling Performance with Purpose 2025.”
Here are some key highlights of Pepsi’s updated goals.
Products– Pepsi aims to reduce sugars, salt, and saturated fat in its products. It wants to provide access to healthier options for underserved communities and consumers.
People– Pepsi aims to increase diversity in the organisation, and achieve gender parity. They plan to invest in initiatives to benefit at least 12.5 million women and girls, to help build sustainable communities near where they work.
Planet– Pepsi will aim to halve their food waste, advance sustainable sourcing, and design sustainable packaging. They will collaborate with communities to enable access to safe water.
“Having grown up in the water-distressed south of India, watching my parents wake up before dawn to collect water in pots and pans, I know firsthand how important it is for companies to operate sustainably,” she says.