Throughout 2023, PepsiCo achieved several goals ahead of schedule, introduced new targets, and made significant strides in others, although challenges remain, particularly in packaging initiatives.
Through innovative approaches, strategic investments, pioneering partnerships, and the collective efforts of its 318,000 global associates, the company reduced Scope 1 and 2 emissions by 13% and total Scope 1, 2, and 3 emissions by 5% year over year, decreased the use of virgin plastic from non-renewable sources by 4% annually, expanded global regenerative farming to over 1.8 million acres and improved water-use efficiency at high-risk company-owned locations by 25% compared to a 2015 baseline, achieving this goal two years earlier than anticipated.
The company also facilitated safe water access for more than 10 million individuals, surpassing a cumulative total of 91 million since 2006, set new targets to reduce sodium content and incorporate diverse ingredients, with 36% of food volume meeting or exceeding these sodium goals, and delivering 75 billion portions of diverse ingredients.
