PepsiCo initiative to engage in community development as part of their responsible response for water consumption
PepsiCo is a world leader in snack, food and beverage markets. It is committed to achieving business and financial success while leaving a positive imprint on society (which it calls “Performance with Purpose”) by addressing social and environmental issues. As an intensive water consumer in its operations, the company is aware of potential water-related risks for its business. PepsiCo is engaging in community development in areas where it consumes a large share of water resources. In 2008, the company launched a partnership with the Earth Institute and H2O Africa to improve access to water, sanitation and irrigation to local communities in Brazil, China, India and Africa. It donated US$8 million and internal managerial advice for the process. These two initiatives are part of the company’s ongoing support of the Millennium Development Goals.