PURCHASE, N.Y., July 11, 2018 /PRNewswire/ -- In its latest Sustainability Report, released today, PepsiCo reported important progress in 2017 against each of the company's three focus areas – Products, Planet, and People – while also returning $6.5 billion in cash to shareholders during the same period. This progress advances PepsiCo's ongoing sustainability efforts across its operations, value chain, and the food and beverage industry at-large, as part of the company's Performance with Purpose 2025 Agenda.
"Performance with Purpose is about the character of our company and managing PepsiCo with an eye toward not only short-term priorities, but also long-term goals, recognizing that our success—and the success of the communities we serve and the wider world—are inextricably bound together," said Indra K. Nooyi, PepsiCo Chairman and CEO. "Today, it's more important than ever before to advance sustainability and profitability at the same time, and I'm so proud to say that's what we've been doing for more than a decade."
Highlights from PepsiCo's 2017 Sustainability Report include:
Alongside the 2017 Sustainability Report, PepsiCo has published a Performance Metrics sheet and expanded its A–Z Topics on pepsico.com, which provides additional information about the company's policies, programs, governance and performance against its 2025 Agenda.
About PepsiCo
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 $63 billion in net revenue in 2017, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world help PepsiCo run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
Cautionary Statement
This release contains statements reflecting our views about our future performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "goal," "intend," "may," "plan," "project," "strategy," "target" and "will" or similar statements or variations of such terms and other similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such statements, including changes in demand for PepsiCo's products, changes in, or failure to comply with, applicable laws and regulations, imposition or proposed imposition of new or increased taxes, imposition of labeling or warning requirements on PepsiCo's products, changes in law related to packaging and disposal of PepsiCo's products, PepsiCo's ability to compete effectively and the other factors discussed in the risk factors section of PepsiCo's 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.
1 Across PepsiCo's Top 10 Foods and Beverage markets globally.
SOURCE PepsiCo, Inc.