About our reporting

Why it matters

Approach

Governance

The Global Sustainability Office’s Reporting and Governance team generally manages and executes the delivery of PepsiCo’s sustainability reporting suite with significant partnership from Communications, Corporate Affairs, Control, Legal and the various subject matter experts (SMEs) of the topics reported. Before ESG performance is communicated externally, it undergoes a thorough review and validation process:

1. Sustainability Office review and validation: Data files are reviewed by the dedicated Data Governance team to ensure information has been gathered in accordance with our topic-specific documented sustainability data governance calculation methods. The data governance documentation identifies specified controls throughout the data collection process.
2. Subject matter expert review and certification: Subject matter experts certify that data is accurate, complete and fulsome. This occurs at multiple levels throughout the organization, from those who manage the primary data sources to executives who review at the regional and global levels. This approach drives consistent accountability across all sustainability goals.
3. ESG Control review: PepsiCo’s ESG Control team reviews ESG information to provide secondary oversight of financial, sustainability and other claims specific to PepsiCo.
4. Legal review: PepsiCo’s Corporate Legal team and legal subject matter experts review the proposed disclosure to ensure it is accurate and appropriate.
5. Disclosure Committee review: PepsiCo's Disclosure Committee (comprised of executive leadership) and other relevant senior leaders review certain public disclosures before publication.

Risk management

We evaluate sustainability topics through materiality and risk assessments to identify issues that are important to our business and stakeholders. The expanding regulatory landscape helps to shape our approach to determining which topics may be significant and warrant disclosure. We reference multiple standards for guidance on assessing risks, opportunities and impacts, as well as for defining boundaries. These standards aim to enhance transparency and help guide companies in setting priorities, strategies and future plans.

Strategy

Our reporting is the primary way we inform key stakeholders about our sustainability ambitions and progress. Our stakeholders include investors, potential and current employees, customers and consumers, suppliers, NGOs and others. Understanding that each group’s needs differ, we publish a suite of reporting elements targeted at various sets of stakeholders. We combine disclosure of strategy, policy, data and case studies, according to our understanding of public interest and guided by key sustainability and reporting frameworks.

Interest in ESG disclosure continues to grow, driven by new regulatory reporting requirements across global jurisdictions. We are preparing to meet these requirements, building on decades of voluntary reporting and delivering transparent, stakeholder-focused disclosures that help to advance our pep+ ambitions. To support this, we evaluate and enhance our systems, processes and controls on an ongoing basis.

Starting in 2026, we evolved our ESG Topics A–Z resource to serve as the primary source of detailed information on our ambitions and progress against pep+ and beyond. This evergreen content may be updated on a rolling basis throughout the year.

In addition, our reporting suite continues to include:

• ESG Performance Metrics: Time-series data for our pep+ goals, intended to support ESG analysis primarily for investors, ESG raters and NGOs. Time-series data for our pep+ goals, intended to support ESG analysis primarily for investors, ESG raters and NGOs. Performance data on our 2025 efforts will be published on relevant ESG Topics A-Z pages as it becomes available and we will signal the availability of these updates where appropriate. A 2025 Performance Metrics file will be released later in the year.
• Indices and framework responses and other topic-specific disclosures: These map our reporting to specific metrics established by key voluntary reporting frameworks and also includes specialized reporting.

Unless otherwise noted, our sustainability data reflects progress made during the calendar year (ending December 31), whereas our financial reporting corresponds with our fiscal year, which ends on the last Saturday of December.

Frameworks

Where possible, we aim to report in a consistent way that allows comparison over time of our own performance and among companies. To this end, we aim to align with prominent ESG reporting frameworks often preferred by investors. We also take into account the information needs of NGOs, customers and ESG raters.

As new frameworks arise, our Reporting team, together with key internal partners, evaluates their utility and feasibility when deciding whether to adopt them. Factors considered include the intended audience, our ability to compile quantitative data to a requisite level of governance and relevance to the business. As a result of these assessments, we have aligned our reporting with external guidance including, but not limited to, the GHG Protocol, the Consumer Goods Forum, the Ellen MacArthur Foundation and SASB Processed Foods and Non-Alcoholic Beverage Sector Standards. We also participate in select ESG ratings, such as EcoVadis.

ESG data governance

Robust ESG data helps PepsiCo to accurately track and report progress against its goals with consistent, comparable and reliable data. This integrity is important, as the data informs our strategic planning, as well as the decisions of key external stakeholders.

A dedicated team within PepsiCo’s Global Sustainability Office manages the data governance structure underpinning each of our pep+ goals, aiming to ensure data quality and drive accountability. This team works closely with cross-functional partners across the company to gather information according to established methodologies and governance processes. Targeted training helps to instill understanding and drive adherence to process requirements. This enables us to produce decision-useful data to identify trends and assess long-term progress. For more detail on how we calculate key performance metrics, see Calculation methodology. 

Progress

Metrics and targets

In 2025, we announced refined goals in agriculture, climate, water and packaging to focus our sustainability ambitions where we believe we can help drive scale and position the company for long-term growth. Our refined pep+ goals aim to further align our resources with core business priorities, build on learnings and progress and help our sustainability ambitions remain actionable and achievable while accounting for external realities and business growth. See ESG Performance Metrics for 2024 progress against these goals, and the respective topic pages for 2025 updates as they become available. A complete 2025 Performance Metrics update will be published at a later point in the year as the latest pep+ data becomes available.

In addition to our internal review process, certain water, climate, agriculture, energy, packaging, people and nutrition metrics are reviewed and verified annually by external third-parties. The environment and nutrition assurance statements are available for download on relevant ESG Topics A-Z pages.

What's next?

ESG reporting is undergoing significant and rapid transformation as jurisdictions around the world begin to institute mandatory reporting regulations. Cross-functional teams across PepsiCo are collaborating on compliance preparations, building on the company’s strong foundation of voluntary reporting. We have dedicated resources in place to assess and prepare for the evolving regulatory landscape to both meet our compliance obligations as well as identify, assess, prioritize and manage the possible impacts, risks and opportunities that may arise.

Additionally, we continue efforts to build capability and expand the implementation of technology solutions to increase confidence in data across our value chain. This includes extending new tracking tools and methodologies to priority areas previously not measured. We believe this ongoing work is critical to maintaining the relevancy and reliability of our reporting processes.