Company has allocated $447M Green Bonds as of Dec. 31, 2019
October 13, 2020
PepsiCo Inc., Purchase, N.Y., released its 2020 Green Bond Report, which provides an update on the allocation of the use of net proceeds from its first Green Bond, issued in October 2019 for $1 billion. As disclosed at issuance, the Green Bond's net proceeds are to be allocated to investments where PepsiCo believes it can make a lasting impact on priorities within its sustainability agenda, including packaging, decarbonization and water, while advancing several of the UN's Sustainable Development Goals.
PepsiCo Inc., Purchase, N.Y., has priced the company's first ever Green Bond. The net proceeds from the $1 billion Green Bond offering will fund a series of key initiatives to advance PepsiCo's sustainability agenda, it says. The company also announced that it has named PepsiCo leader Simon Lowden as its first chief sustainability officer. In this new role, effective immediately, Lowden will be responsible for leading PepsiCo's Sustainability Office, including the Global Sustainable Plastics team and Global Sustainable Operations team.
To help companies maximize productivity and maintain the purest water quality, 3M Separation and Purification Sciences offers new filter technology which can improve water quality, protect equipment and increase production.
Craft Brew Alliance Inc. (CBA), Portland, Ore., published its sixth Annual Sustainability Report, which highlights the company’s 2018 accomplishments in environmental and community stewardship and ongoing commitment to brewing and packaging its beers in the most sustainable way possible. For this year’s report, CBA is incorporating certain metrics using standards set forth by the Sustainability Accounting Standards Board (SASB), an independent organization that facilitates communication between companies and investors on the financial impacts of sustainability.
Chicago-based MillerCoors, a division of Molson Coors Brewing Co., announced that it used 15 billion fewer gallons of water across its value chain in 2016. The reduction can be attributed to changes in farming techniques, which include innovative new tools and irrigation initiatives that use less water while still producing high-quality barley, along with increased brewery efficiencies.
The capacity of harnessing the energy potential of water has eluded many scientists. When the bonds of oxygen and hydrogen are broken through electrolysis, it creates unstable gases. Simply put, oxygen and hydrogen will not bind without a reaction that converts back to liquid water.