Leadership Message

When we rolled out PepsiCo Positive (pep+), our vision to deliver a more sustainable, people-centric future, driving growth and value, in 2021, we knew it would be important for the long-term growth of our company. Consumers were demanding more positive choices, including products with less sodium, less saturated fat, less added sugar and more diverse ingredients. And as a business rooted in agriculture, we knew our future hinged on a healthy, stable ecosystem. That meant promoting practices that protect the soil, air and water while working to positively impact the communities where we operate.

Four years later, pep+ is embedded in practically everything we do. It's more than a sustainability strategy. It's a strategic, end-to-end transformation that places sustainability at the center of our business and powers our whole enterprise — from innovation to production, marketing to distribution — while building resilience into our operations and supply chains. Above all, it’s our vision to drive growth and value by delivering a more sustainable, people-centric future for PepsiCo and for our planet.

As you’ll read in this report, 2024 was a pivotal year for pep+. We crossed important milestones in regenerative agriculture and positive choices, while continuing to work to make progress on sustainable packaging and reducing our emissions — even accounting for external realities and business growth.

In May 2025, we refined our pep+ climate, water, packaging and agriculture goals based on the latest science to help make sure they remain actionable and achievable, including:

• Aligning our Scope 1, 2 and 3 emission reduction targets to a 1.5°C trajectory and updating our target to achieve net-zero emissions by 2050.
• Focusing our packaging efforts where we believe we can have the greatest impact.
• Driving regenerative, restorative or protective practices across 10 million acres — roughly the size of Switzerland — by 2030. We’re also retaining our net water positive vision, with a refined focus on high-risk areas.

These are ambitious goals — but that’s the point. A few highlights:

• We helped spread the adoption of regenerative, restorative or protective practices across more than 3.5 million acres in 2024, helping to drive healthier soil, cleaner air and greater yields for farmers. We’re proud to help scale regenerative agriculture and believe that our efforts can serve as a model for how others can scale such efforts at pace.
• As of 2024, 89% of our direct global electricity needs were met with renewable electricity, including through use of power purchase agreements and energy attribute certificates. That’s approximately 3,900 GWh, or enough energy to power more than 3,700 homes for a year. At the same time, we reduced our scope 1 and 2 greenhouse gas emissions by 18% against our 2022 baseline.
• We’re continuing to evolve the nutritional profile of our foods and drinks. In 2024, we hit two of our Positive Choices goals ahead of schedule, with 67% of our beverage portfolio containing fewer than 100 Calories from added sugars per 12 oz. serving and 77% of our convenient foods portfolio volume not exceeding 1.3 milligrams of sodium per Calorie.

Actions like these help make our business more resilient to the impacts of climate change and also help us adapt to evolving consumer tastes, positioning us well for the long-term. 

And yet, while we’re proud of our progress against our pep+ goals, we know there’s still work to do.

We have an ambition to have impact where we can and along the way we have found like-minded partners. Their work has been invaluable in delivering our 2024 results — and will remain so as we strive to meet the challenges ahead, including those posed by our business growth, and to overcome systemic barriers that limit our progress. We’re also eager to work with the public sector on a range of new public-private partnerships, so we can create an environment that enables long-term investment in sustainability and resilience.

If we continue to move with courage and conviction, I’m confident we can contribute to a world where growth and sustainability go hand in hand. 

Ramon Laguarta
Chairman and Chief Executive Officer

This ESG Summary features information on our strategy, goals and progress of pep+ and its three pillars