Here's why PepsiCo is an industry leader in the ESG space. This editorial article is part of Financing a SustainableFuture series in partnership with BofA_News.
, a strategic sustainability and governance plan focusing on three pillars: agriculture, value chain, and choices.
PepsiCo has been a leader in the ESG space. The company recently ranked second on the 2022 list of 100 Best Corporate Citizens by 3BL Media, and it's made the list. Palazij said PepsiCo Positive aims to drive growth internally and throughout the consumer packaged goods industry. "We knew that now was the time to act, and we felt a responsibility and an opportunity," Palazij said. PepsiCo Positive is a standalone ESG program to help the company grow and become more resilient for the future. It's embedded into the company's overall financial framework, Palazij said. PepsiCo issued ain 2019 to produce a more sustainable food system by focusing on better packaging, decarbonization of operations and supply chain, and water sustainability.
Progress on sustainability is reviewed by the Executive Council, which comprises members of the executive leadership team."Our governance starts at the top of PepsiCo," Palazij said, adding that executive compensation is tied to sustainability performance and progress.
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