Introduction to Pepsico Positive (Pep+)

Pepsico Positive (Pep+) is Our business is intrinsically

our strategic end-to- tied to the health of the planet
end transformation that puts and the resilience of our food system
sustainability and human capital so investing in Environmental, Social
at the centre of how we will create and Governance (ESG) is essential
value and growth by operating and will help our business thrive in
within planetary boundaries and the long term. As we aim to advance
inspiring positive change for our mission to create more smiles
planet and people. with every sip and every bite for our
consumers, customers, associates and
Guiding PepsiCo is our vision to communities, planet and shareholders,
Be the Global Leader in Beverages we believe that operating in a more
and Convenient Foods by Winning sustainable way will help build a resilient
with PepsiCo Positive (pep+). supply chain and food system. We are very clear that
pep+ is the future of
Not only does pep+ drive sustainable long-term value and
competitive advantage for PepsiCo, it also seeks to fundamentally
our company, and we
transform business as usual for our industry by inspiring and working are focused on three
alongside our peers to advance positive social, environmental and
economic change for all. interconnected pillars:
3 Pillars

Positive Agriculture Positive Value Chain Positive Choices

We’re working to source our crops We’re helping build a circular and We’re Inspiring people through our
& ingredients in ways that restore inclusive value chain. brands to make choices that create
the earth and strengthen farming more smiles for them and the planet.
communities. Climate: Achieve net-zero emissions across
our value chain by 2040; by 2030 reduce Expanded portfolio offerings: Expand our portfolio to
absolute greenhouse gas (GHG) emissions provide more consumer choice with products that are
Through pep+ and our Positive Agriculture better for planet or people:
agenda, we are committed to helping farmers across our value chain by more than 40% by
grow food in a way that revitalizes the earth 2030, including a 75% reduction in emissions • By incorporating more diverse ingredients that are
from our direct operations (versus a 2015 better for the planet and/or deliver nutritional benefits,
and supports their livelihoods. And, by including whole grains, nuts and seeds, chickpeas and
prioritizing a sustainable food system, we are baseline), doubling our prior climate goal plant-based proteins
helping mitigate environmental and social Water: Ensure we have net water positive • Continue to provide consumers choice for every
risks, while also preserving natural resources impact occasion by expanding our product offerings by 2025:
for future generations. Packaging: PepsiCo envisions a world where • Reduce added sugars ≥ 67% of our beverage portfolio will
have ≤ 100 Calories from added sugars per 12oz. serving
packaging never becomes waste
• Reduce sodium: ≥ 75% of foods portfolio will not exceed
People: Provide meaningful jobs and growth 1.3milligrams of sodium per Calorie
opportunities for our people and empower
• Reduce saturated fats: ≥ 75% of foods portfolio will not
them to make a positive impact at work, at exceed 1.1grams of saturated fat per 100 Calories
home and in their local communities
Europe ESG report, Progress & Goals
Positive Agriculture
Launched our Partnered with FADEMUR Reported Improved water
demonstration farm in Spain to support women regenerative use efficiency of
in Türkiye, that highlights in rural areas by sharing acres across farmers in Greece
locally-relevant best practices in sustainable agriculture 17 European by collaborating with
regenerative agriculture areas. practices. Countries. N-Drip.

Positive Value Chain

Invested to adopt Transitioned to Continued our PepsiCo Foundation
Returned 70 million litres
a renewable 100% rPET initiatives across Europe that positively
of water to the Segura impact our people and broader communities.
river in Murcia, location of electricity system in bottles of key
the Netherlands; expected Pepsi-branded*
our Alvalle gazpacho plant;
products in
to save 8.500 metric Launched our new ambition to use 100%
equivalent to 100% of its
tons of GHG 13 European recycled or renewable plastic in all
annual consumption. emissions annually. markets. crisp and chip packets by 2030.

Positive Choices
Set out an ambition to make Rockstar Refresh:
Launched a new Cruesli
New range of our
product in Belgium and 50% of Walkers’ snack
the Netherlands with sales come from healthier
No Sugar beverages
launched in many
no added sugars. alternatives by 2025. markets across Europe.

rPET - Recycled Polyethylene Terephthalate | GHG - Green House Gases | N-Drip - A gravity-powered micro-irrigation system See Positive Choices goals
Europe Health and Nutrition
Sciences (Europe H&NS) team
PepsiCo Health and Nutrition The H&NS team is part of the PepsiCo Health and Nutrition
Sciences (H&NS) serves to Life Sciences function, Sciences website has
understand, interpret and which brings together launched, join our professional
translate nutrition science expertise in health and network here:
and its relationship to diet nutrition science and
associated policy, sports
www.pepsicohealth
and health.
science, external innovation, andnutrition
Health & Nutrition Sciences
clinical operations and sciences.co.uk
external engagement with
(H&NS) is the bridge between
health professionals and
nutrition research and PepsiCo’s
academics.
global business goals. We
support healthier choices
and diverse ingredients with The Life Sciences
nutrition benefits. team explores the
relationships between
The team is made up of nutrition, diet, health and
dedicated professionals who performance through
lead the interpretation of the research and provides
latest science linking nutrition, one voice for PepsiCo
diet and health, striving to in the interpretation,
advance nutrition and PepsiCo’s communication and
sustainability agenda across our translation of science to
diverse portfolio. support innovation.