PepsiCo’s $1bn green bond

PepsiCo has announced that it has priced the company's first-ever Green Bond, with the net proceeds of the $1bn Green Bond offering funding a series of initiatives to advance the company’s sustainability agenda.

"PepsiCo is deeply committed to using our scale for good and advancing the purpose behind our sustainability agenda: to help build a more sustainable food system," said Ramon Laguarta, PepsiCo chairman and CEO. "Issuing a bond focused on environmental sustainability reflects our deep commitment to the priorities laid out in our recent sustainability report and represents another step in our plan to become a faster, stronger, better company."

PepsiCo’s 2018 sustainability report outlined six priority areas where the company believes it can make the best contribution – agriculture, water, packaging, products, climate and people – along with eight measurable goals. The following eligible categories for the use of the Green Bonds net proceeds are aligned with these priorities and the UN SDGs.

The company has additionally announced that it has named Simon Lowden as its first chief sustainability officer. Lowden also leads PepsiCo's Plastics Council and spearheading the company's Global Sustainable Plastics agenda.

    Share Story:

Recent Stories