PepsiCo Issues Its First $1 Billion Green Bond Fund

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PepsiCo has issued its first $1 billion Green Bond Fund “to address global challenges like carbon emissions, access to clean water, and plastic waste”. The Fund will address “priority areas where the company believes it can make the best contribution [including] … Sustainable Plastics and Packaging … to reduce 35% of virgin plastic content across its beverage portfolio by 2025 … funding projects that purchase compostable, biodegradable and/or recyclable material for use in product packaging … Decarbonization of Operations and Supply Chain … reducing absolute greenhouse gas emissions across its value chain by 20% by 2030, from a 2015 baseline … Water Sustainability: By 2025, in high water-risk areas, PepsiCo aims to replenish 100% of the water it consumes in its manufacturing operations and improve its operational water-use efficiency …”