PepsiCo doubles safe water pledge for developing nations
PepsiCo is scaling up its efforts on global water stewardship as it meets its first commitments in this area two years ahead of target.
The global drinks company is now providing safe water access to three million people in developing countries, a goal which was set for 2015.
Through continued partnerships with water organisations and its own 'Performance with Purpose' strategy, PepsiCo is now looking to double this number to six million people by 2016.
This strategy aims to find innovative ways to minimise environmental impact on the environment and lower the company's costs through energy and water conservation, as well as reduced packaging.
Through the PepsiCo Foundation, PepsiCo has identified projects and partners to provide access to safe water through initiatives that include water conservation, distribution, purification and hygiene for underserved communities in China, India, Mali, Brazil, Colombia, and other Latin American countries.
According to PepsiCo chairman and CEO Indra Nooyi, the company's approach to water stewardship is enabling it to play a positive role in addressing water scarcity while increasing the efficiency of business operations.
Since 2006, PepsiCo has improved global water use efficiency across its operations by more than 20% per unit of production.
In 2011, it conserved nearly 16 billion litres of water (from a 2006 baseline) through the application of water-saving equipment and technologies, creative recycling and reuse, and by deploying a water management system throughout its manufacturing facilities.
These measures have helped PepsiCo reduce water and energy-related costs by more than $45m in 2011, compared to 2006.