PepsiCo is one of more than 40 companies that have been awarded the Terra Carta Seal
PURCHASE, N.Y., Nov. 3, 2021 -- PepsiCo, Inc. today announced it has been awarded the Terra Carta Seal from His Royal Highness (HRH) The Prince of Wales.
The inaugural 2021 Terra Carta Seal, designed by Sir Jony Ive KBE, recognizes global companies which are driving innovation and demonstrating their commitment to, and momentum towards, the creation of genuinely sustainable markets. It is being awarded to companies who like PepsiCo have set out ambitions aligned with those of the Terra Carta, a recovery plan for Nature, People and Planet, launched in January 2021.
PepsiCo is working to advance the goals outlined in the Terra Carta through pep+ (pep Positive), a strategic end-to-end transformation with sustainability at the center of how the company will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people. pep+ is born out of the recognition that an accelerated pace is required if we are to achieve a 1.5-degree target, restore biodiversity, and benefit the lives and livelihoods of current and future generations.
Anchored in the company’s goal to achieve net-zero emissions by 2040, pep+ directly links the future of PepsiCo’s business with the future of our planet, for the benefit of both – from how PepsiCo sources ingredients and makes and sells its products; to how it inspires consumers through its iconic brands to make better choices for themselves and the planet; to how it supports communities and improves livelihoods throughout its supply chain.
His Royal Highness The Prince of Wales, said: “The Terra Carta Seal recognizes those organizations which have made a serious commitment to a future that is much more sustainable, and puts Nature, People and the Planet at the heart of the economy. We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so.”
The Terra Carta Seal is awarded to companies who hold a leadership position within their industry and who have credible transition roadmaps underpinned by globally recognized, scientific metrics for achieving net zero by 2050 or earlier.
“PepsiCo is proud of the steps we are taking to help build a more sustainable food system for both people and the planet,” said PepsiCo Chairman and CEO Ramon Laguarta, “and we are grateful to His Royal Highness for recognizing PepsiCo’s contribution to this global effort. But more than the recognition, we applaud the steps Terra Carta is taking to help create a ‘race to the top’ and rally the world towards a more sustainable future.”
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.
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PepsiCo Cautionary Statement
Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
About the Terra Carta Seal
The 2021 inaugural Terra Carta Seal recognizes global corporations that are demonstrating their commitment to, and momentum towards, the creation of genuinely sustainable markets. It is being awarded to firms who have aligned themselves with the Terra Carta, who are driving innovation and leadership within their industry and who have credible transition roadmaps underpinned by globally recognized, scientific metrics for achieving net zero by 2050 or sooner.
The SMI has partnered with Corporate Knights for this initiative. Corporate Knights’ Global 100 Most Sustainable Corporations Companies were invited to apply for the inaugural Terra Carta Seal together with active Task Force members of the SMI as of 1 January 2021.
The Terra Carta Seal will be awarded annually to companies who are demonstrating their commitment to, and momentum towards, the creation of genuinely sustainable markets and care for Nature, People and Planet.
Terra Carta Seal Recipients
Akzo Nobel NV Arcelik
AstraZeneca Atlantica Sustainable Infrastructure Plc Banco Santander Bank of America Brambles
City Developments Limited
Cogeco Communications Inc.
Hewlett Packard Enterprise
HSBC Holdings Plc Iberdrola
IBM Corporation INDITEX S.A.
Johnson Controls International plc
McCormick & Company, Incorporated
National Australia Bank Natura &Co
Novo Nordisk A/S Novozymes
Siemens Energy AG Sims Limited
Tech Mahindra TELUS
TSMC Unilever PLC Xerox
His Royal Highness, The Prince of Wales, launched the Sustainable Markets Initiative (SMI) at Davos in January 2020. The SMI is a network of global CEOs and private sector corporations working together to build prosperous and sustainable economies that generate long-term value through the balanced integration of natural, social, human and financial capital.
The SMI facilitates the development of responsible transition pathways at industry and business levels to decarbonize and achieve net-zero, create a Nature-positive future and support a trust transition towards a sustainable future.
HRH is appealing to public, private and philanthropic leaders around the world to join this endeavor as part of the ‘Coalition of the Willing’.
Read more: www.sustainable-markets.org
Launched by His Royal Highness at the One Planet Summit in January 2021, the Terra Carta provides a practical roadmap for acceleration towards an ambitious and sustainable future; one that will harness the power of Nature combined with the transformative power, innovation and resources of the private sector. The Terra Carta serves as the mandate for the Sustainable Markets Initiative. Currently there are over 400 named supporters of the Terra Carta – listed on the SMI website.