Goals & Progress

Goals & Progress

Agriculture

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Advance environmental, social and economic benefits to communities around the world by supporting practices and technologies that promote improved farmer livelihoods and agricultural resiliency, like regenerative agriculture.

By 2020

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1. “Sustainably sourced” refers to meeting the independently verified environmental, social and economic principles of PepsiCo’s Sustainable Farming Program, enabling continuous improvement for farmers, communities and the planet.

2. Progress based on the percentage of volume sustainably sourced and verified by a third party

3. Reflects the inclusion of data that became available subsequent to the publication of our Annual Report in March 2021

4. Program based on the percentage volume of physically certified sustainable palm oil meeting Roundtable on Sustainable Palm Oil (RSPO) standard. For more information, visit the Palm Oil Report on ESG Topics A–Z.

5. 2020 results include the impact of the acquisition of Pioneer Foods. We increased our sourcing to 99.3% in 2020 through the RSPO Mass Balance physically certified supply chain model, and procured independent Smallholder Credits for the remainder (0.7%), achieving 100% RSPO certification.

6. Progress based on the percentage volume of certified sustainable cane sugar meeting Bonsucro or equivalent standard

7. Scope of goal was expanded in 2019 to include additional raw materials identified through a materiality assessment. For details on our materiality assessment, please refer to GRI Material Issues and Boundaries on ESG Topics A–Z.

Goals & Progress

Water

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Drive water security to assure business continuity while positively contributing to communities.

By 2025

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1. Measured versus a 2015 baseline

2. Third-party limited assurance provided

3. Results reflect the inclusion of the Pioneer Foods portfolio

4. PepsiCo has set a "best-in-class" standard (1.2 liters of water per liter of beverage or 0.4 liters per kilogram of food) for all company owned, bottler and franchisee sites in high-risk watersheds. For all others, PepsiCo has set a new goal to achieve "world-class" water use efficiency (1.4 liters of water per liter of beverage or 4.4 liters of water per kilogram of food)

Goals & Progress

Product

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PepsiCo's expanded slate of more nutritious and reformulated products is bringing consumers options that are better for people and better for our planet.

By 2025

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1. Third-party limited assurance provided (2020 data pending assurance)

2. 2020 results reflect the inclusion of the SodaStream, Rockstar and Pioneer Foods portfolios

3. As of 2019, Top 26 Beverage markets represented 79% of our global beverages volume and Top 23 Foods markets represented 90% of our global foods volume. Results reflect inclusion of the SodaStream portfolio.

4. 2020 results reflect the inclusion of the Pioneer Foods and BFY portfolios

Goals & Progress

Packaging

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Drive progress toward our vision of a world where packaging never becomes waste.

By 2025

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Invest to increase recycling rates in key markets. Our actions include:

1. 2020 results include the impact of the acquisitions of Rockstar and BFY. Beginning in 2020, we enhanced our calculation methodology using sales data to provide a more precise view of materials and to expand our coverage for less common packaging types. In some instances detailed packaging sales data was not available and was therefore extrapolated. All results are presented using our revised calculation methodology for comparability.

2. Measured versus a 2018 baseline

Goals & Progress

Climate

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Do our part to curb climate change by reducing greenhouse gas (GHG) emissions across our value chain.

By 2030

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1. Measured versus a 2015 baseline

2. Third-party limited assurance provided

3. Results reflect the inclusion of the Pioneer Foods portfolio

4. Results reflect the inclusion of Pioneer Foods, Rockstar and BFY; Pioneer Foods portfolio is included only in fuel/energy related activities within Scope 3; BFY and Rockstar are included only in purchased goods and services within Scope 3

5. Beginning in 2019, we enhanced our calculation methodology. Baseline year 2015, and 2019, have been recalculated utilizing this enhanced methodology.

Goals & Progress

People

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Across our business and throughout our complex global value chain, PepsiCo is helping to build diverse, equitable and inclusive workplaces, and investing to support prosperity in local communities.

By 2025

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Human rights: Advance respect for human rights by using PepsiCo's capabilities and scale.
Drive fair and safe working conditions throughout our value chain by addressing our most salient human rights issues. Our actions include:

Extend the principles of our Supplier Code of Conduct to all of our franchisees and joint ventures. Our actions include:

By 2025

1. 2020 progress includes data from the Pioneer Foods, Rockstar and BFY acquisitions

2. After controlling for legitimate drivers of pay; analysis excludes frontline. 69 countries included in 2019 analysis. 71 countries included in 2020 analysis, representing 99% of salaried employee population.

3. Prior period results for this metric have been adjusted to reflect enhanced data availability