US-based food and beverage company PepsiCo has announced goals to make its packaging more sustainable across its food and beverage portfolio.
The targets are part of the company’s strategic end-to-end transformation initiative, pep Positive (pep+).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAs part of this, PepsiCo will make its plastic packaging 50% from recycled materials and halve its use of ‘virgin’ plastic, which is not made from recycled goods, by 2030.
By next year, the company will move key Pepsi-branded products in 11 European markets to fully recycled polyethylene terephthalate (rPET) bottles.
PepsiCo expects to lower its greenhouse gas emissions for each bottle by around 30% with this move.
The company also aims to shift to fully rPET bottles for all Pepsi-branded products in the US by 2030.
From next year, Pepsi Zero Sugar will be sold in fully rPET bottles.
In addition, PepsiCo is introducing a fully compostable bag made from plant-based materials.
The bag will be first used on Frito-Lay’s plant-based Off the Eaten Path brand, which will be made available at Whole Foods stores in the US from this month.
PepsiCo chairman and CEO Ramon Laguarta said: “pep+ is the future of our company – a fundamental transformation of what we do and how we do it to create growth and shared value with sustainability and human capital at the centre.
“It reflects a new business reality, where consumers are becoming more interested in the future of the planet and society.”
PepsiCo chief sustainability officer Jim Andrew said: “pep+ directly links the future of our business with the future of our planet, for the benefit of both.
“[It] is our roadmap to creating the food and drinks people love in a way that helps build the sustainable future we all must have.”
In June, PepsiCo and Britvic began selling their 7UP lemon and lime-flavoured soft drink in a clear PET bottle, with the aim of using fully rPET bottles by next month.