By Matt Grossman
PepsiCo Inc. Wednesday said that it plans to tackle various sustainability-related goals as part of a new company initiative.
The program will address the company's agricultural footprint, supply chain and business strategy, the Purchase, N.Y.-based food-and-beverage company said.
For its agricultural practices, PepsiCo plans to restore an area of Earth equivalent to the farmland it uses--about 7 million acres--and to find sustainable sourcing for key ingredients.
The company said it will make its supply chain more sustainable by achieving net-zero emissions by 2040 and becoming water positive by 2030. It is also aiming to cut the use of virgin plastics and increase recycled content in packaging.
PepsiCo also plans to use healthier ingredients, reduce sugar and sodium content and ramp up business models that require little packaging, such as its SodaStream brand, the company said.
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(END) Dow Jones Newswires
September 15, 2021 06:36 ET (10:36 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.