25 March 2010

PepsiCo to promote higher rates of beverage container recycling

As part of a series of goals and commitments, PepsiCo has announced its intent to encourage higher rates of beverage container recycling in the United States.

The beverage giant would like to see container recycling increased to 50% by 2018 and is currently working with Walden Asset Management, a leader in socially responsible investment, and As You Sow, a foundation which promotes corporate social responsibility through shareholder engagement.

Walden Asset Management and As You Sow jointly offered the following statement in response to PepsiCo's commitment: "We commend PepsiCo's public support of an industry-wide beverage container recovery goal, its support of an incentive-based recycling service, its commitment to leadership on use of recycled content packaging and its commitment to stakeholder dialogue."

In addition to working with industry leaders to promote policies that encourage recycling, PepsiCo intends to develop innovative programs that support the recycling of beverage containers.

PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. For more information, please visit The Promise of PepsiCo.

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