The food and beverage giant PepsiCo unveiled a new target to double the percentage of beverage servings packaged in reusable or refillable containers to 20% by 2030, from the current 10%.
In order to reach its new packaging objective, the company detailed a range of strategies, including the expansion of its sparkling water business SodaStream, both at home and in the workplace through SodaStream Professional. In 2018, PepsiCo acquired SodaStream for more than $3.2 billion. By 2025, SodaStream has pledged to prevent the usage of roughly 78 billion single-use plastic bottles.
The company has also partnered with bottlers to provide refillable plastic and glass bottle solutions, expanded its fountain drinks business with reusable cups, and accelerated the growth of its powders and concentrates.
The statement follows PepsiCo's debut of its complete sustainability framework, pep+, last year. pep+ encompasses a wide range of ESG activities, including agriculture practices, climate, water, packaging sustainability, and consumer health. The company has established a series of packaging targets, including promises to reduce the amount of virgin plastic used per serving in its worldwide food and beverage portfolio by 50 percent by 2030 and to utilize 50 percent recycled plastic in its packaging.
Jim Andrew, PepsiCo's Chief Sustainability Officer, stated:
"PepsiCo will accelerate its investment in disruptive innovation and advocate for policies that enable us to scale up reusable packaging options, platforms, and programs so that we can offer consumers a variety of alternative ways to enjoy their favorite beverages while decreasing our reliance on single-use packaging."