PURCHASE, N.Y., March 18, 2011 /PRNewswire/ -- The PepsiCo Foundation announced today its commitment of $1.5 million to non-profit partners leading relief and recovery efforts in Japan following the devastating earthquake and tsunami. This commitment will support PepsiCo's humanitarian and business partners on the ground in Japan, providing short- and longer-term assistance to those in the affected areas where the highest needs exist.
"The people of Japan are constantly in our thoughts and the entire PepsiCo family is committed to helping them recover from this terrible tragedy. The humanitarian and relief organizations on the ground are doing incredibly important work and they deserve our support," said Indra Nooyi, PepsiCo chairman and CEO and chairman of the PepsiCo Foundation. "PepsiCo's nearly 300,000 employees around the world are also eager to help, and the company will be matching their contributions dollar for dollar. Our business partners in Japan are equally committed, and we're partnering with them to provide needed products and assistance."
The PepsiCo Foundation's initial relief contributions will support several identified areas of need:
PepsiCo is also working with its key food and beverage business partners in Japan – Calbee (Frito-Lay and Quaker foods), Suntory (soft drinks, water and Gatorade) and Kirin (Tropicana juices) – to aid the disaster response effort through product donations. These companies have already committed funds to the relief efforts and, via both their own logistics networks and through government distribution systems, are supplying donated product to the affected areas. Joint plans are being finalized with all partners for additional product contributions.
PepsiCo will continue to work with Japanese partners following the initial relief phase, and the PepsiCo Foundation has set aside $500,000 to support longer-term rebuilding and recovery efforts.
About the PepsiCo Foundation
Established in 1962, the PepsiCo Foundation is the philanthropic anchor of PepsiCo, responsible for providing charitable contributions to eligible non-profit organizations. The Foundation is committed to developing sustainable partnerships and programs in underserved regions that provide opportunities for improved health, environment and education. For more information, visit: http://www.pepsico.com/Purpose/PepsiCo-Foundation.aspx.
About PepsiCo
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that generate more than $1 billion in annual retail sales each. Our main businesses -- Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi Cola -- also make hundreds of other enjoyable and wholesome foods and beverages that are respected household names throughout the world. With net revenues of approximately $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo's promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment, including by conserving energy and water usage, and reducing packaging volume; to provide a great workplace for our associates; and to respect, support, and invest in the local communities where we operate. For more information, please visit www.pepsico.com.
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