PepsiCo set to grow sustainability-related investments

Read the full story in Food Business News.

PepsiCo, Inc. has closed on a new $1.25 billion 10-year green bond, proceeds from which will be used to deliver key environmental sustainability initiatives under two pillars of its pep+ agenda: Positive Agriculture and Positive Value Chain.

The new green bond is the Purchase-based company’s second since 2019. PepsiCo said it has allocated $858 million in equivalent proceeds from its first $1 billion green bond to eligible projects across six continents in categories of sustainable plastics and packaging, decarbonization of operations and supply chain, and water sustainability.

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