Water

Why it matters

Approach

Our approach to managing water is driven by our pep+ (PepsiCo Positive) Positive Value Chain strategy, supported by strong governance, proactive risk management, ongoing stakeholder engagement and focused policy advocacy.

Governance

PepsiCo’s Global Sustainability Office leads our approach to water stewardship through a dedicated team of water experts. This team works closely with operating segment teams and external partners to execute our strategy and advance our water goals.

Our Board plays a central role in shaping PepsiCo’s strategic priorities and integrates sustainability issues, including water stewardship, into its oversight responsibilities. The Board’s Sustainability and Public Policy Committee provides focused oversight of key sustainability, inclusion and public policy areas. The Committee reviews our major sustainability programs and related goals and tracks progress, including progress against our water goals.

The PepsiCo Executive Committee (PEC) — which includes the Chairman & CEO, the CFO, operating segment CEOs and functional leaders — meets quarterly to evaluate progress toward goals, assess broader environmental risk mitigation and ensure that our sustainability strategy evolves in line with scientific developments, stakeholder expectations and market conditions. The PepsiCo Sustainability Committee, a PEC sub‑committee, reviews strategy and progress and provide deeper guidance on sustainability matters.

Risk management

To assess potential water risks facing the business, PepsiCo completes a comprehensive Global Water Risk Assessment of all company-owned and franchise bottler operations, most recently in 2025. This process, developed in partnership with external experts, integrates multiple data sources and local insights to provide a holistic view of current and future water risks at global manufacturing locations. Assessment inputs include tools such as the World Resources Institute’s (WRI) Aqueduct tool, the World Wide Fund for Nature (WWF) Water Risk Filter, local site surveys and expertise from independent specialists. These resources help quantify physical (quality and quantity), regulatory and reputational water risks. The results guide the designation of high-risk locations, helping PepsiCo to prioritize actions and allocate resources where they can have the greatest impact.

Our 2025 Global Water Risk Assessment identified high water-risk (HWR) company-owned and bottler manufacturing sites. The results of this assessment determine the scope of our 2030 water-use efficiency and replenishment goals. The number of company-owned HWR sites increased from 102 to 110, driven primarily by increasing areas of water stress within watersheds where we operated in Latin America, Europe and the Middle East. The assessment also identified 88 HWR bottler locations. Certain regions where we operate saw a reduction in HWR locations, driven by effective risk mitigation efforts by local government and utilities.

Additionally, PepsiCo conducts water-related risk assessments across its direct operations and value chain twice annually through its Enterprise Risk Management process. This process is designed to evaluate how our operations are progressing in addressing water risks identified through the Global Water Risk Assessment.

Strategy

Our pep+ strategy on watershed management includes efforts to:

• Improve water-use efficiency in our operations — prioritizing those in HWR areas;
• Improve the health of local watersheds in our highest‑risk operating and sourcing regions, for example through targeted water‑replenishment initiatives;
• Advocate for improved water security through external collaborations and policy engagement;
• Increase safe water access for communities that face water insecurity; and
• Promote water-use efficiency in agriculture and support regenerative agricultural practices.

Our water strategy covers the entire organization, including all companies, entities and groups under PepsiCo’s operational control. Elements of the strategy — such as operational water‑use efficiency and replenishment — also extend to franchise bottlers. See Metrics and targets for information on how we measure progress against our strategy.

Operations

PepsiCo applies circular water principles in the direct operations at both company-owned and franchise bottler-owned manufacturing facilities located in high water-risk areas. We reduce freshwater dependency by identifying opportunities to treat and reuse processed water in the direct operations of these facilities.

We benchmark operational water-use efficiency against peers using publicly available data, industry group insights and peer disclosures. These assessments shape our water agenda and inform the goals we set.

Across our operations, we drive efficiencies through initiatives like the Resource Conservation (ReCon) program, which identifies best practices at the plant level and shares them across PepsiCo, franchise bottler and contract manufacturer locations. We also develop low-water manufacturing processes and invest in technologies that enable safe water recovery and reuse.

Water sustainability is embedded in our business processes, including line expansions, reuse solutions, product design and capital approvals. Through these efforts, we continue to invest significantly to advance our water strategy.

Water replenishment

PepsiCo aims to replenish water used in high-risk watersheds to help restore and protect freshwater ecosystems. To achieve this, we partner on projects that:

• Conserve and restore land to reduce runoff and improve groundwater infiltration,
• Enhance water supply reliability through efficiency improvements and
• Protect aquatic habitats via wetland restoration.

Each watershed requires tailored solutions, so we work with local partners to address unique conditions.

We recognize that shared water challenges require collective action. That’s why we include the direct operations of franchise bottler facilities in high water-risk areas in our water efficiency and replenishment efforts, sharing best practices and performance data to advance our net water positive vision.

Advocacy for improved water security

PepsiCo advances water stewardship within our value chain and beyond by promoting improved water governance and collective action. We support collaborative efforts to address water risk and seek new partnerships through advocacy for smart water policies, sharing best practices with local stakeholders and providing public education and training.

Since 2018, we have been a member of the Alliance for Water Stewardship (AWS) and, as of the end of 2025, have adopted the AWS Standard at all HWR company-owned facilities in scope for our 2025 goal. This standard serves as a platform for advocacy and helps ensure freshwater resources remain available for all stakeholders. AWS adoption is driven by cross-functional teams that identify local water risks and implement strong stewardship practices at our facilities.

We launched an open-access online course through Coursera in 2023 to share knowledge gained from experts and partners and to help educate people within and outside the company on water issues. Courses include The Water Cycle, Water Security and Stewardship and Water Governance and Economics; each is available to audit for free.

Community

Access to clean and safe water is a fundamental human right and, with billions of people lacking access, it is a problem of global importance. Water insecurity puts communities at risk, increases negative health outcomes, decreases food availability, increases costs of basic goods and services and, in the worst cases, can drive people from their homes.

PepsiCo and the PepsiCo Foundation partner with experts aiming to close the gap in safe water access, implementing projects primarily in Latin America, Asia, the Middle East and Africa. These efforts are designed to help improve water security, including:

• Building sanitation facilities and community water systems;
• Providing loans to families to build water infrastructure in their homes;
• Supporting local water entrepreneurs;
• Installing community water access points; and
• Helping to rehabilitate natural springs.

Agriculture

Beyond our direct operational water use, we work with farmers and NGOs to improve agricultural water-use efficiency as part of our pep+ regenerative agriculture ambitions. Regenerative practices focus on enhancing watershed health, which for many crops includes improving irrigation efficiency.

As we advance water-use efficiency in areas where we source crops, we assess local needs and create action plans that equip farmers with training, resources and technology. We also address watershed health beyond our supply chain, recognizing that water stress affects entire communities. Without comprehensive and collaborative actions to implement more sustainable practices in at-risk watersheds, local communities and the natural environment will continue to face water insecurity. We’ve expanded our work to include broader watershed health actions in two of the most at-risk sourcing regions in the world: Caborca, Mexico and Uttar Pradesh, India. In 2025, we introduced a project in Iowa, USA to treat runoff from thousands of acres, enhancing water quality, farm resilience and supply chain sustainability. A central element of our approach is transitioning farmers to more water-efficient irrigation systems, such as drip irrigation. Through our partnership with N-Drip, we help farmers adopt gravity-powered technology that delivers significant water and energy savings compared to conventional systems, while reducing operating and maintenance demands.

For more on our work to scale sustainable agricultural practices, see Agriculture.

Stakeholder engagement

Through stakeholder engagement on water-related issues, we aim to to identify and pursue opportunities to be better water stewards in local communities and watersheds, including working with local stakeholders to better understand the unique local watershed challenges and focusing our efforts on collective action and advocacy to achieve watershed-level improvements. We work to solicit information from a variety of stakeholders, including suppliers, NGOs, peer companies, industry groups and third-party manufacturers, water utilities and other local water users in specific catchment/basins, regulators and community members.

Policy advocacy

CEO Water Mandate

The UN Global Compact’s CEO Water Mandate’s objective is to activate business leaders to advance issues around water stewardship, sanitation and the Sustainable Development Goals in partnership with other stakeholders such as the UN, governments and civil society. PepsiCo has been a signatory to the CEO Water Mandate since 2008 and strives to make continuous progress in six commitment areas: direct operations; supply chain and watershed management; collective action; public policy; community engagement; and transparency. We have also since joined the Water Resilience Coalition (WRC), an initiative of the CEO Water Mandate. The WRC aims to elevate action on mounting water stress and its connection to climate change to the top of the global corporate agenda and work to preserve the world’s freshwater resources through collective action in water-stressed basins.

Progress

Metrics and targets

PepsiCo measures performance against its pep+ water ambitions through the following goals.

In recent years, PepsiCo has continued to evolve its water stewardship approach to better reflect the scale of our operations, the realities of water risk and the role we can play beyond our own walls. That evolution has been intentional — prioritizing transparency, expanded ambition and a more holistic view of impact.

In 2025, we successfully achieved our 2025 water replenishment goal for company‑owned manufacturing sites in high water‑risk areas. At the same time, we expanded how we measure progress toward our 2030 water replenishment and water-use efficiency ambitions by including data from franchise-owned bottling facilities in high water risk areas for the first time. While we have always considered franchise bottlers in-scope for our 2030 goals, we have previously been unable to incorporate their data into our pep+ metrics. This inclusion reflects our recognition that addressing water challenges at scale requires collaboration across our broader value chain, not only within PepsiCo‑owned operations.

As a result of this expanded scope, reported progress toward the 2030 replenishment goal moved from 75% in 2024, reflecting only company‑owned sites, to 58% in 2025, now incorporating franchise-owned bottling facilities in high water-risk areas. Water-use efficiency in high water-risk beverage and convenient food facilities was 1.6 L/L (2024: 1.7) and 2.0 L/kg (2024: 2.2), respectively. In the case of our 2030 replenishment and water-use efficiency goal for beverage production, this impacted the reported progress for 2025, and provides a more complete and transparent picture of our progress and the work ahead. By raising the bar on ourselves and broadening accountability, we are improving the completeness of our reporting and reinforcing our commitment to collective action in support of long‑term watershed health. See Actions and challenges for detail on how we progressed this work in 2025.

We believe long-term transformation requires agility to identify what’s working, what isn’t, and adjust our approach to focus our impact on the locations with the most significant risks. We regularly review our sustainability goals and initiatives and consider changes that are from time to time warranted, including in the context of new developments, such as business growth, necessary investments relating to our initiatives, as well as external developments.

In addition to the pep+ goals above, the following metrics provide further insight into our water impacts.

Actions

We drove progress towards our targets across our value chain in 2025, working with internal and external stakeholders to build a net water positive future.

Operations

To continue making company-owned manufacturing operations more water-efficient, we’re focused on scaling proven manufacturing processes and treatment technologies, and fostering a culture of water sustainability among our employees.

For example, our Pune, India snacks plant continues to advance technologies that strengthen water-use efficiency. Since a potato is about 80% water, the frying process releases significant vapor. Pune captures and condenses this vapor through its Fryer Vapor to Water system, which also recovers heat, removes fats, oils and grease and provides water that can be reused in washing, peeling or slicing incoming potatoes. This reduces the site’s freshwater needs by significant volumes each year.

In 2025, Pune advanced this innovation by pairing the recovery system with an Air Cooler Heat Exchanger instead of a conventional water-cooled system. The integration more than halved the site’s freshwater demand in 2025 compared with 2024, helping PepsiCo to reduce its reliance on freshwater sources in a water-stressed region and supporting progress toward our net water positive vision.

We’re sharing our learnings with our third-party manufacturers and others. In 2023, we launched a free, open-access online learning program on water through the learning platform Coursera. Courses include The Water Cycle, Water Security and Stewardship and Water Governance and Economics.

Replenishment

We must understand the conditions, challenges and risks of local watersheds to help improve the availability and quality of water in the communities in which we operate. To do so, we support collaborative solutions that address the specific needs of local watersheds and partner closely with farmers, landowners, state and federal agencies and NGOs.

We aim to continue progress towards our 2030 ambition by expanding collaborations with third-party bottling partners.

In 2025, we launched replenishment programs across the globe, including:

• Inaugurating a rainwater harvesting system in three school communities across Guatemala. These rainwater harvesting systems will benefit local children and the water captured supports our water replenishment goal for the Motagua Basin.
• Expanding our investments in the local watershed in Kissimmee, Florida with a project that will remove invasive and non-native hardwood species to increase water retention capacity and restore hydrologic connectivity within the Florida Everglades.

Advocacy

We achieved our AWS ambition in 2025, with our 92nd facility located in a high water-risk region fully adopting the AWS Standard.³ With the completion of this goal, we anticipate continuing to integrate elements of the AWS Standards into our business continuity planning and ReCon efforts, with a particular focus on stakeholder engagement.

Community

Since 2010, PepsiCo and the PepsiCo Foundation have helped approximately 97 million people gain access to safe water through distribution, purification and conservation programs.⁵ In 2025, the PepsiCo Foundation invested in replicating successful intervention models previously supported to continue driving safe water impact in communities.

Agriculture

In 2025, we expanded our partnership with N-Drip to a new location in Florida. This collaboration will modernize the irrigation system on a 275-acre farm in Florida from flood/seep to drip, significantly reducing water use while growing vegetables in the winter and sugarcane in the fall.

Challenges

Water stress and broader water issues are rising global challenges that climate change can accelerate and/or intensify. Climate‑driven water volatility requires intensive and agile planning so we can adapt our strategy and address potential risks to our business. Long‑term improvement in at‑risk watersheds requires scale, partnership and engagement from all stakeholders in each catchment. Securing these remains an ongoing priority as we pursue our water ambitions.

Strategic collaboration

PepsiCo draws on the expertise and local knowledge of an array of experts in order to deliver on its water stewardship ambitions. These include non-profit organizations, research institutions, developmental experts as well as collaborative initiatives.

Alliance for Water Stewardship (AWS)

PepsiCo has been an AWS member since 2018 and is committed to adopting the AWS Standard at all company-owned high water-risk facilities by the end of 2025. Associates participate in AWS training sessions to ensure proper implementation and compliance. Through the AWS network, PepsiCo shares best practices and collaborates with peer companies on water stewardship in shared watersheds.

World Resources Institute (WRI)

PepsiCo uses WRI’s global datasets as a critical input for operational and agricultural water risk assessments. The company also participated in WRI’s Public Water Management pilot, which tested a crowdsourced approach to assess public water management. This collaboration helps PepsiCo strengthen its data-driven water stewardship strategies.

Inter-American Development Bank (IDB)

PepsiCo and the PepsiCo Foundation partner with IDB to expand water access in rural Latin American communities. The initiative focuses on installing water connections in hard-to-reach areas of Peru, Mexico, Colombia, Brazil, Guatemala, and Honduras. These efforts aim to close the gap in safe water access for underserved populations.

California Water Action Collaborative (CWAC)

As a member of CWAC since 2014, PepsiCo works with over 30 companies and NGOs to address California’s water challenges. The collaboration enables shared learning, identification of priority geographies, and joint projects to improve water security. PepsiCo has contributed to initiatives such as reforestation with the Arbor Day Foundation and a pilot on site-specific water targets with the Pacific Institute.

The Nature Conservancy

PepsiCo partners with The Nature Conservancy to advance its 2030 water replenishment goal. In 2024, projects spanned North America and Africa, focusing on restoring water to local watersheds. This partnership plays a key role in PepsiCo’s broader water stewardship strategy.

World Wildlife Fund (WWF)

PepsiCo collaborates with WWF in Pakistan and South Africa to improve water security in local watersheds. These projects aim to strengthen community resilience and sustainable water management practices. The partnership supports PepsiCo’s commitment to global water stewardship.

WaterAid

Through the PepsiCo Foundation, PepsiCo partners with WaterAid to improve water infrastructure and sanitation in sub-Saharan Africa. The program also empowers women and girls as water and hygiene stewards by providing training and funding for long-term maintenance. This initiative promotes equitable access to clean water and hygiene education.

What's next?

In the coming year, we plan to continue bringing our net water positive vision to life. This will include prioritizing:

• Operational water-use efficiency: Driving improvements in operational water use by expanding our water circularity practices — using recovered and treated process water to reduce our reliance on freshwater sources; 
• Water replenishment: Continuing work to expand and scale our replenishment program to franchise bottler-owned manufacturing facilities located in high water-risk areas;
• Community access to safe water: Implementing new programs and expanding existing collaborations to make progress on our safe water access goal; and
• Advocacy: Collaborating with partners to support programming for the UN Water Conference and work towards a sustainable water future.

¹Caretta, M.A., A. Mukherji, M. Arfanuzzaman, R.A. Betts, A. Gelfan, Y. Hirabayashi, T.K. Lissner, J. Liu, E. Lopez Gunn, R. Morgan, S. Mwanga, and S. Supratid, 2022: Water. In: Climate Change 2022: Impacts, Adaptation and Vulnerability

²See archived 2023-2024 Calculation Methodology for detail on how we measured progress on this metric

³See Calculation Methodology for detail on how we measured progress on this metric. Metric published March 19, 2026

⁴2025 reported performance includes - for the first time- data provided by franchise bottlers for who have manufacturing facilities in high water-risk areas. See Calculation Methodology for detail on how measure progress on this metric. Metric published June 5, 2026

⁵See Calculation Methodology for detail on how we measure progress on this metric. Metric published June 5, 2026

⁶Because we cap each location's water replenishment at 100% of its water use, approximately 23 billion liters counted towards our 2025 and 2030 goals

Calculation methodology

Target metric

Reach average water-use efficiency ratios of 1.4 liters/liter of production in beverages sites and 1.7 liters/kilogram of production in convenient foods sites for 100% of high water-risk (HWR) PepsiCo and franchise bottler manufacturing facilities by 2030

How we measure

Assurance: Third-party limited assurance provided in 2025

Boundary: Direct operations of PepsiCo-owned and franchise bottler-owned manufacturing facilities located in HWR areas for PepsiCo’s beverage portfolio; PepsiCo-owned manufacturing facilities located in HWR areas for PepsiCo’s convenient foods portfolio

Exclusions: Co-packers, contract manufacturing facilities and all manufacturing facilities not located in HWR sites

Baseline: None

Restatement from prior year(s): None

Meeting the beverage water-use efficiency goal means achieving an average of 1.4 liters of freshwater (or less) per liter of beverage production across the direct operations of all PepsiCo-owned and franchise bottler-owned manufacturing facilities located in HWR areas worldwide. The beverage metric is calculated by dividing the total liters of freshwater used for beverage production by the total liters of beverage production. Progress at company-owned manufacturing facilities is calculated from their reported water use and production and leverages meters, utility bills and other data sources as available. We account for our share of franchise bottlers’ performance by allocating their total water use and production volume based on the percentage of production related to PepsiCo products.

Meeting the convenient foods water-use efficiency goal means achieving an average of 1.7 liters of freshwater (or less) per kilogram of convenient foods production across all PepsiCo-owned manufacturing facilities located in HWR areas worldwide. The convenient foods metric is calculated by dividing the total liters of freshwater used for convenient foods production by total kilograms of production. Progress at company-owned manufacturing facilities is calculated from their reported water use and production and leverages meters, utility bills and other data sources as available.

Both water-use efficiency metrics track freshwater-use efficiency only. Other sources of water, such as rainwater or gray water, are not counted towards the water-use efficiency ratios.

HWR areas are based on a 2025 assessment. HWR assessment inputs include the World Resources Institute’s (WRI) Aqueduct tool for PepsiCo-owned and franchise bottler-owned manufacturing facilities. For PepsiCo-owned facilities, this is supplemented with local site risk assessment surveys and third-party independent expert input.

The 2025 water risk assessment identified additional company-owned HWR facilities, which are in scope for this metric. We will report their progress towards this goal starting with 2026 data. Sites that were assessed as no longer HWR are not reported as part of our 2025 performance and have been removed from the scope of the 2030 goal.

Target metric

Replenish back into the local watershed 100% of the water we use in HWR PepsiCo and franchise bottler manufacturing facilities by 2030

How we measure

Assurance: Third-party limited assurance provided in 2025

Boundary: Direct operations of PepsiCo-owned and franchise bottler-owned manufacturing facilities located in HWR areas

Exclusions: Co-packers, contract manufacturing facilities and all manufacturing facilities not located in HWR sites

Baseline: None

Restatement from prior year(s): None

We aim to replenish one liter of water for every liter we use at each location for PepsiCo-owned and franchise bottler-owned manufacturing facilities categorized as HWR. This metric is calculated as the ratio of liters of water replenished within HWR facilities’ watersheds during the reporting year to liters of water used during the reporting year at the same facilities. This metric tracks freshwater use only. Other sources of water, such as rainwater or gray water, are not counted towards the replenishment goal.

To qualify as progress towards the goal, replenishment must occur in the minor basin where facilities are located, within the watershed where the facility water supply is sourced or within an interconnected watershed. HWR areas are based on a 2025 assessment. HWR assessment inputs include the WRI’s Aqueduct tool for PepsiCo-owned and franchise bottler-ownd manufacturing facilities. For PepsiCo-owned facilities, this is supplemented with local site risk assessment surveys and third-party independent expert input. We continue to measure progress against both our original 2025 and extended 2030 goals and focus external reporting on our 2030 goal. The difference between these two goals is expressed below:

• 2025: 100% water replenishment at PepsiCo-owned manufacturing facilities designated as HWR (prior to the re-assessment conducted in 2022)
• 2030: 100% water replenishment at PepsiCo-owned facilities and 100% water replenishment at franchise bottler-owned manufacturing facilities designated as HWR. The scope of the 2030 goal is broader than that of the 2025 goal, as it includes additional HWR sites identified in the 2022 and 2025 reassessments as well as franchise bottler-owned manufacturing facilities, and may continue to shift as risk assessments are updated periodically.

With respect to new sites identified in the 2025 assessment, we will begin including their performance towards the 2030 goal starting with 2026 data. Sites that were assessed as no longer HWR are not reported as part of our 2025 performance and have been removed from the scope of the 2030 goal.

The volume of replenished water in liters is equal to the estimated volume of water in liters made available (returned or conserved) through PepsiCo-funded water replenishment projects in the source watersheds of HWR facilities. Projects include those that improve water availability by increasing water quantity and/or improving water quality. These projects may be funded by PepsiCo, franchise bottlers, or both. The resulting water replenishment benefits may be shared between PepsiCo owned sites and franchise bottler owned sites within the same watershed.

This metric is re-calculated annually and always compares same-year replenishment and water-use volumes. PepsiCo will rely annually on a third party to quantify the water benefits of each replenishment project in accordance with the methodologies laid out by the World Resources Institute in Volumetric Water Benefit Accounting (VWBA): A Method For Implementing and Valuing Water Stewardship Activities.

The reported replenishment volumes for PepsiCo-owned facilities are currently being capped at 100% at each location to reach the 2025 goal. Once we achieve 100% at each location, we will start to then report progress of more than 100% replenishment at sites as applicable.

Performance against our 2030 goal includes the direct operations of PepsiCo-owned and franchise bottler-owned manufacturing facilities located in HWR areas. Progress at PepsiCo-owned manufacturing facilities is calculated from their reported water use. Our goal and performance measurement for franchise bottlers includes only the estimated share of water use associated with the production of PepsiCo products, not the bottlers’ total water use. Water use at the direct operations of franchise bottler-owned manufacturing facilities is calculated by allocating their total water use based on the percentage of production related to PepsiCo products. Where a franchise bottler-owned manufacturing facility produces both PepsiCo and non-PepsiCo products and the replenishment project delivers <100% of its entire water use volume, the replenishment volume will be applied as follows:

• If the replenishment project was specific to PepsiCo, PepsiCo claims the full replenish volume;
• If the replenishment project is specific to another company, PepsiCo claims zero; or
• If the replenishment project was not specifically tied to any company, the replenishment volume will be allocated based on PepsiCo’s proportion of production volume.

Target metric

Adopt the Alliance for Water Stewardship (AWS) Standard in high water-risk manufacturing facilities by 2025

How we measure

Assurance: Third-party limited assurance provided in 2025

Boundary: PepsiCo-owned manufacturing facilities located in HWR areas active at the close of the reporting year

Exclusions: None

Baseline: None

Restatement from prior year(s): Not applicable

Progress against this goal is measured based on the number (count) of PepsiCo-owned HWR facilities that are in the process of adopting the AWS Standard and the number (count) of PepsiCo-owned HWR facilities that have completed AWS Standard adoption. The AWS Standard is a five-step process intended to achieve five main outcomes: good water governance, sustainable water balance, good water quality status, important water-related areas and safe water sanitation and hygiene for all. A site is considered to be in the process of adopting AWS Standard when it has begun implementing Step 1 of the AWS Standard. A site is considered to have completed adoption of the AWS Standard when it has completed Steps 1 – 5 of the AWS Standard. For PepsiCo-owned manufacturing facilities, high water-risk assessment inputs include the WRI's Aqueduct tool, local site risk assessment surveys and third-party independent expert experience and knowledge operating within the watersheds.

In 2025, an updated water risk assessment identified additional PepsiCo-owned manufacturing facilities located in high water-risk. These are out of scope for this 2025 goal given the short timeframe until its target date. Sites that were removed from the HWR list as a result of the same assessment are no longer in scope for the goal.

Target metric

Reach 100 million people with safe water access by 2030

How we measure

Assurance: Third-party limited assurance provided in 2025

Boundary: Programs funded by the PepsiCo Foundation that are intended to provide access to safe water

Exclusions: None

Baseline: 2010

Restatement from prior year(s): 2025 cumulative results include current year performance and performance in prior years which were adjusted to reflect the availability of improved data.

This metric measures the cumulative number of people provided with access to safe water through projects funded by the PepsiCo Foundation and led and executed by non-governmental organization (NGO) partners since the baseline year. We consider access to safe water to be achieved at watershed, community and household level by making water more readily available, better managing supply or volume of water and/or ensuring quality through water treatment, improved hygiene, and community sanitation. We classify a person as having been provided access to safe water by aggregating the number of individuals who benefit from our investments in water conservation, distribution and purification projects. Beneficiary information is self-reported by funded NGOs and aggregated by a third-party validator on behalf of PepsiCo.