US food and beverages heavyweight PepsiCo has announced it has launched a US$1bn Green Bond to fund its sustainability programme.

The net proceeds from the bond offering will directly fund the Walkers Crisps and Quaker Oats owner’s green agenda.

PepsiCo also revealed the appointment of Simon Lowden as its first chief sustainability officer. Lowden has worked for the company for 23 years, most recently as president of the Global Foods Group. He has also led PepsiCo’s Plastics Council for the last year.

Ramon Laguarta, PepsiCo chairman and CEO, said: “PepsiCo is deeply committed to using our scale for good and advancing the purpose behind our sustainability agenda: to help build a more sustainable food system.

“Issuing a bond focused on environmental sustainability reflects our deep commitment to the priorities laid out in our recent sustainability report and represents another step in our plan to become a faster, stronger, better company. As chief sustainability officer, Simon will play a critical role in this effort.”

Lowden said: “I am proud PepsiCo has issued its first Green Bond to address global challenges like carbon emissions, access to clean water, and plastic waste, and that the company continues to be a leader in tackling critical sustainability issues.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This offering reflects our commitment to Winning with Purpose and being part of global solutions by further integrating sustainability into our business and our brands.”

In September, PepsiCo released its 2018 Sustainability Report, which outlined six priority areas where the company believes it can make the best contribution – agriculture, water, packaging, products, climate and people – along with eight measurable goals.