PepsiCo announces its goal to become 'Net Water Positive' by 2030

By Akshay Kedari  | Date: 2021-08-20

PepsiCo announces its goal to become 'Net Water Positive' by 2030

PepsiCo recently announced that it aspires to become ''Net Water Positive'' by 2030, endeavoring to replenish more water than that used in its company-owned and third-party manufacturing facilities in high water-risk areas. PepsiCo also intends to provide access to safe water to around 100 million people by 2030.

The PepsiCo Foundation, the company’s philanthropic arm, is also launching a program worth USD 1 million with NGO WaterAid to provide safe water to families in Sub-Saharan Africa, extending its 15-year-old initiative of water access that reaches about 59 million people in around 20 countries.

Jim Andrew, PepsiCo’s Chief Sustainability Officer, mentioned that water scarcity is directly associated to the climate crisis, and PepsiCo believes that the effort to be ''net water positive'' is of great importance. The company is focused on ensuring that people have access to this essential resource and is prioritizing management of water in their operations everywhere, he added.

Strong goals will develop an effective plan towards the objective of limiting water use and replenishing back into the local watershed more water than used at company-owned and third-party manufacturing locations in high-water-risk areas.

Enhancing the efficiency standard at company-owned sites in high-risk watersheds will prevent the use of over 11 billion liters of water per year, which is a 50% decrease in the amount of water used by the company at these sites.

The statement mentioned that PepsiCo also aims to adopt the Alliance for Water Stewardship Standard in all of its operational areas with high-water risk by 2025.

This program comes at a time when the Delta variant is spreading rapidly worldwide, leading to a specific risk in water-stressed communities. Many counties like those in Sub-Saharan Africa have inadequate water infrastructure to avoid and treat diseases. For instance, around 70% of households in the region don’t have a proper place to wash their hands with soap & water.

The new investment of PepsiCo Foundation and WaterAid is centered in Sub-Saharan Africa. It will assist in improving water infrastructure, building new water supply systems & equitable sanitation facilities, and encourage hygiene education.

Source Credits –

https://www.moneycontrol.com/news/business/pepsico-aims-to-be-net-water-positive-by-2030-7355941.html

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Amazon Smart Commerce to digitize 10 million small businesses in India

Amazon Smart Commerce to digitize 10 million small businesses in India

By Akshay Kedari

E-commerce behemoth Amazon Inc. has reportedly launched a “Smart Commerce” initiative in India, aiming to digitalize 10 million small businesses, allow for USD 10 billion worth in exports, and create 2 million jobs by 2025. During the ...

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

By Akshay Kedari

After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

By Akshay Kedari

GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

By Akshay Kedari

Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...

White House to spend USD 3 billion on EV battery manufacturing in U.S.

White House to spend USD 3 billion on EV battery manufacturing in U.S.

By Akshay Kedari

According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...