PepsiCo bows to shareholder pressure and agrees to establish single-use bottle reduction goals

PepsiCo bows to shareholder pressure and agrees to establish single-use bottle reduction goals

Posted on March 23, 2022 by DrRossH in Plastic Waste News

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PepsiCo has agreed to develop a time-bound goal to deliver a certain percentage of its packaging through reusable or refillable systems by the end of the year after being pressured by shareholder advocacy group As You Saw. 

The company says it is now assessing its capabilities, infrastructure and consumer preferences before setting specific targets by 2023. 

Last year, As You Saw released a statement noting that despite PepsiCo’s claims on environmental sustainability, the company is continuously ranked as one of the world’s worst single-use plastics polluters. 

In its statement, As You Saw said: “Despite taking actions to reduce virgin plastic use and increase recycling, PepsiCo has been cited as a top global plastic packaging polluter for four consecutive years.” 

“Experts believe refillable bottles are key to addressing plastic pollution and can increase financial return, yet the company reports zero percent of packaging delivered in refillable containers, lagging its peers.”

PepsiCo has agreed to conceive plastic reduction strategies by the end of this year.“Pepsi’s packaging generates enormous amounts of plastic pollution with ­2.3 million metric tons of plastic packaging annually, the equivalent of 140,000 bottles per minute. Single-use bottles are far more likely to be improperly disposed of and to become ocean pollution, harming marine life.”