Cartagena, Colombia (September 13th, 2018) – PepsiCo Latin America, focused on improving access to nutrition, education and empowering communities announced current progress in the region. First, PepsiCo Latin America is announcing its “Nutrition for the Future” platform in which it has invested USD $7 million in the last five years, to support nutrition programs across the sector. Second and related, the PepsiCo Foundation has invested USD $500,000 in a grant to The Global FoodBanking Network (GFN) to support the program by expanding access to nutritious food and delivering 6.75 million nutritious servings throughout the region. Both efforts will allow the company to further strengthen its impact in Latin America and the Caribbean.
These programs are aligned with PepsiCo’s Performance with Purpose (PwP) agenda, which is our vision to deliver top-tier financial performance by improving the products we sell, operating responsibly to protect our planet and empowering people around the world.
Within PepsiCo’s PwP agenda, the company intends to provide access to at least three billion servings of nutritious foods and beverages to under-served communities and consumers, with an increased focus on products that are locally sourced and produced. The company is making strong progress against this global goal through a variety of channels and programs, many enabled by the company’s non-profit arm, the PepsiCo Foundation.
Today’s announcements demonstrate further investment by PepsiCo to deliver results against the PwP agenda. The “Nutrition for the Future” platform represents a USD $7 million-dollar investment in the last five years and is integrating all of PepsiCo Latin America’s existing nutrition programs across the region. These programs have been implemented in Argentina, Colombia, Chile, Dominican Republic, Guatemala, Mexico, Uruguay and Venezuela and have focused on granting: access to nutritious food and beverages, education for healthy lifestyles and balanced nutrition, while supporting agro-economic self-sufficiency. To date, PepsiCo and the PepsiCo Foundation have benefited 20,000 people and aim to benefit totally over 30,000 people in Latin America and the Caribbean by 2020.
An important part of the platform is the PepsiCo Foundation’s USD $500,000 grant to the GFN, a recognized leader in boosting food security and fighting hunger, which also contributes to providing access to nutritious servings. This partnership will support the “Expanding Access to Nutritious Food” global program that intends to provide access to at least 6.75 million nutritious servings in the region over 18 months (by the end of 2018) by building food bank capacity with emphasis on providing communities increased access to fresh fruits and vegetables. The countries in Latin America and the Caribbean region supported by the PepsiCo grant include Argentina, Colombia, Guatemala, Peru and the Dominican Republic. The grant will be used for both cash grants for national food banking organizations as well as to provide technical assistance and training to allow identified organizations to accelerate local efforts to deliver more nutritious foods.
“The Global FoodBanking Network envisions a world where people facing hunger can reliably access nutritious meals through a thriving global network of food banks,” explained Lisa Moon, GFN President and CEO. “The development of global public-private partnerships, rigorous benchmarking of progress, and powerful knowledge sharing are essential to reducing hunger. Thanks in part to the generous support from the PepsiCo Foundation and GFN’s partnership with PepsiCo throughout Latin America and beyond, the GFN network of food banks is able to serve more than 7.78 million people facing hunger annually.”
Hand in hand with its goal to provide access to at least three billion servings of nutritious foods and beverages to under-served communities, PepsiCo is continuously refining its food and beverage portfolio to meet changing consumer needs by:
In 2017 alone, through new product innovations and reformulations, 66 percent of PepsiCo’s Global Foods portfolio contained less than 1.1 gram of saturated fat per 100 calories and 43 percent of its Global Beverage portfolio contained 100 calories or fewer from added sugars per 12-ounce serving. As of 2017, PepsiCo has reduced a 32 percent of saturated fats and a 55 percent of sodium in its Latin American snacks. In the sector for beverages, the goal is to have 67 percent of its portfolio with 100 kilocalories or less by 2025. So far 58 percent of its beverages volume has 100 calories or less.
Laxman Narasimhan, CEO of PepsiCo Latin America, Europe Sub-Saharan Africa, said: “Our commitment to nutrition in the region goes beyond the transformation of our food and beverage portfolio and expands to offering support to improve the nutrition of vulnerable communities in which we are present. As of today, through the programs that we’ve implemented which represent an investment of USD $7 million dollars, we expect to impact over 30,000 people in Latin America. We are also very proud to partner with The Global FoodBanking Network to provide 6.75 million nutritious servings to propel a better future to the region.”
About PepsiCo
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 US $63 billion dollars in net revenue in 2017, 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 US $1 billion dollars each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world is what enables PepsiCo to run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
About PepsiCo Latin America
PepsiCo Latin America is a division that includes all of its beverage, food and snack businesses in Latin America, comprising 34 emerging and developing markets. Our beverage, food and snacks businesses in Latin America include snacks, beverages, cookies & crackers and nutrition categories, which generated US $7.2 billion dollars in net revenue in 2017. Our Beverages business in the region operates through 12 major bottlers.
About the PepsiCo Foundation
Established in 1962, the PepsiCo Foundation works with non-profit partners to develop innovative, sustainable solutions that address challenges in under-served communities around the world. The Foundation, along with PepsiCo and its employees, seeks to catalyze efforts that advance our Performance with Purpose 2025 goals related to increasing access to nutritious servings, providing access to safe water, partnering to increase recycling rates, and enabling young women to progress through school and thrive in the workforce. For more information, please visit www.pepsico.com/Purpose/Global-Citizenship.
About The Global FoodBanking Network
The Global FoodBanking Network (GFN) is an international nonprofit organization that nourishes the world’s hungry through launching and strengthening food banks in 31 countries. Last year, 811 GFN member food banks across 31 countries rescued more than 1.04 billion pounds of food and redirected it to feed more than 7.8 million people through more than 55,000 social service and community-based organizations.
PepsiCo Cautionary Statement
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For additional information on these and other factors that could cause PepsiCo’s actual results to materially differ from those set forth herein, please see PepsiCo’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, contact:
Valeria Rivas
Executive and External Communications Sr. Manager
PepsiCo Latin America
Katie Lutz
Acting Communications Manager
The Global FoodBanking Network
+1 312‐620‐9666
