PepsiCo goes Positive with US$1.25 Billion Green Bond

US food and beverage conglomerate PepsiCo has issued a new US$1.25 billion 10-year green bond, the firm’s second. Investments under the new bond aim to deliver environmental sustainability initiatives for two “pillars” of the firm’s PepsiCo Positive (pep+) agenda: positive agriculture and positive value chain. PepsiCo’s new green bond framework outlines the UN SDG aligned categories where funds can be directed, including regenerative agriculture, the circular economy and virgin plastic waste reduction, targeting net positive water impact and decarbonisation and climate “resilience” within PepsiCo’s value chain and operations. Jim Andrew, PepsiCo’s Chief Sustainability Officer, said: “While tackling the climate crisis requires a collaborative effort, it is clear that the private sector must play a leadership role.  Our new green bond will be pivotal to channelling investment into the critical areas required to build a more sustainable and resilient food system.” PepsiCo recently published its first ESG summary since the launch of pep+ which provides further details of all its key pillars.  

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