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PepsiCo this week announced its intent to promote higher rates of beverage container recycling in the U.S., as one of a series of goals and commitments (www.pepsico.com/goalsandcommitments) it published spanning business performance, nutrition, environmental sustainability and the well-being of employees.
Specifically, PepsiCo said it intends to create partnerships that promote the increase of U.S. beverage container recycling rates to 50 percent by 2018.
The commitment was developed in cooperation with Boston-based Walden Asset Management, a leader in socially responsible investment, and San Francisco-based As You Sow, a foundation which promotes corporate social responsibility through shareholder engagement.
Walden Asset Management and As You Sow jointly offered the following statement in response to PepsiCo's commitment: "We commend PepsiCo's public support of an industry-wide beverage container recovery goal, its support of an incentive-based recycling service, its commitment to leadership on use of recycled content packaging and its commitment to stakeholder dialogue."
In order to promote higher rates of beverage container recycling, PepsiCo intends to:
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. Its main businesses – Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade – also make hundreds of other foods and drinks to consumers in more than 200 countries.