In April 2014, PepsiCo and the PepsiCo Foundation were proud to join Walmart and the Walmart Foundation, along with 15 other leading companies, in announcing plans to launch a recycling initiative called the Closed Loop Fund, which is intended to increase the availability of recycling throughout the U.S. The Fund plans to invest $100 million in recycling infrastructure projects and increase private and public funding to transform the U.S. recycling system.
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2013, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.
KEYWORDS: Ethical Production and Consumption, Environment and Climate Change, Pepsico, Walmart, the PepsiCo Foundation, The Walmart Foundation, performance with purpose, Closed Loop Fund