Pepsico issues new $1.25 billion 10-year Green Bond as company accelerates pep+ transformation

July 27, 2022
PepsiCo announced the closing of a new $1.25 billion 10-year Green Bond.

PepsiCo announced the closing of a new $1.25 billion 10-year Green Bond. The company will use an amount equivalent to the net proceeds from the offering to fund Eligible Green Projects, which will focus on its pep+ (PepsiCo Positive) agenda – the company's strategic, end-to-end transformation that places sustainability and human capital at the center of how it will create growth and value. 

Investments under PepsiCo's new Green Bond will focus on investments to deliver key environmental sustainability initiatives under two pillars of its pep+ agenda: Positive Agriculture and Positive Value Chain. This will help the company deliver on its aim to operate within planetary boundaries and inspire positive change for the planet and people.

The new Green Bond is PepsiCo's second since 2019, with $858 million in equivalent proceeds from the $1 billion first Green Bond already allocated to Eligible Green Projects across six continents in categories of sustainable plastics and packaging, decarbonization of our operations and supply chain, and water sustainability. 

"We were one of the first food and beverage corporations to issue a Green Bond and that initial funding has played a critical role in our sustainable transformation so far," Jim Andrew, chief sustainability officer, PepsiCo, said in the announcement. "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 channeling investment into the critical areas required to build a more sustainable and resilient food system." 

PepsiCo's new Green Bond Framework outlines the categories where funding can be directed, each one aligning with the UN Sustainable Development Goals (SDGs), which include:  

  • Egenerative agriculture
  • Decarbonization and climate resilience within operations and value chain
  • Circular economy and virgin plastic waste reduction
  • Pursuing net positive water impact

As part of its Green Bond governance, PepsiCo plans to publish an annual update of the allocation of the proceeds, throughout the term of the Green Bond and until all proceeds have been allocated.  The full framework can be viewed here.

Related

PepsiCo
Pepsico
Pepsico
Pepsico
Pepsico
Pepsico
Management

PepsiCo reports results for the second quarter 2022

July 14, 2022
PepsiCo reports second-quarter 2022 results and updates full-year outlook.Chairman and CEO Ramon Laguarta said in the announcement: “We are pleased with our results for the second...
PepsiCo
300 Dpi Pep Logo Fulltagline Global Bluebkgd 2021300dpi
300 Dpi Pep Logo Fulltagline Global Bluebkgd 2021300dpi
300 Dpi Pep Logo Fulltagline Global Bluebkgd 2021300dpi
300 Dpi Pep Logo Fulltagline Global Bluebkgd 2021300dpi
300 Dpi Pep Logo Fulltagline Global Bluebkgd 2021300dpi
Management

PepsiCo launches innovations, partnerships to reach 2030 net water positive goals

March 29, 2022
Since the company's net water positive announcement in August 2021, more than a dozen new programs have been created to advance the company's water-use efficiency, replenishment...
PepsiCo
Pepsi Co Logo Hires
Pepsi Co Logo Hires
Pepsi Co Logo Hires
Pepsi Co Logo Hires
Pepsi Co Logo Hires
Management

PepsiCo makes 2 senior level appointments to drive growth

Nov. 15, 2021
PepsiCo Inc. said it has appointed Jane Wakely executive vice president, chief consumer and marketing officer, as well as chief growth officer of the company's international foods...