As part of its sustainability strategy, PepsiCo is eyeing to reduce the use of virgin plastic content by 35% across its beverage portfolio by 2025.
The company's target will be achieved through the increased use of recycled content and alternative packaging materials by many of its beverage brands like Bubly, Aquafina and Lifewtr.
The beverage giant also aims to expand the SodaStream business, which it bought for $3.2 billion last year. This expansion will help the company in stopping the use of approximately 67 billion single-use plastics by 2025.
This new target is in line with PepsiCo’s existing sustainability targets. The company eyes to make 100% of its packaging recyclable, compostable, or biodegradable; and increase its use of recycled content in plastic packaging to 25%.
Ramon Laguarta, Chairman and CEO, PepsiCo, said, “While our efforts are far from done, this is one more step in PepsiCo’s journey toward helping to build a world where plastics need never become waste.”
“Even as we work to accelerate business growth, we continue to make important progress toward a circular economy for packaging, a responsibility we take very seriously,”
Simon Lowden, President of PepsiCo Global Foods, and the Head of PepsiCo’s ‘Plastic Agenda’, stated, “We’re intentionally setting ambitious goals to drive meaningful progress. PepsiCo is already one of the world’s largest buyers of recycled plastic, and if there was more available, we’d buy it – and if there were more markets where we could use it, we would. We are committed, and partnership is key.”
Want to invest in a food and beverage franchise? Visit Franchise India 2019, Asia’s Biggest Franchise & Retail Show, and give wings to your entrepreneurial dreams.
Copyright © 2009 - 2024 Restaurant India.