Pepsi challenge: cutting back on sugar by 2025
- by Douglas Reid
- in Health Care
- — Oct 18, 2016
Given PepsiCo's history of trying to thwart soda taxes while sponsoring health organizations, the company's announcement to cut sugar seems like less of a compassionate pledge to tackle obesity and more of a ploy to win sales as consumers themselves turn their backs on sugary beverages. But since PepsiCo * a href="http://www.pepsicobeveragefacts.com/Home/Product?formula=35005*26*01-01&form=RTD&size=12" target="_blank" *hasn't updated its nutrition labels yet, it's still unclear which of its drinks will be changing. PepsiCo and rival company Coca-Cola have faced mounting pressure from health experts and governments who point to their products as a driver for obesity and diabetes, Fortune reports.
According to PepsiCo, at least two-thirds of the company's global beverage portfolio volume will have 100 calories or fewer from added sugars per 12-ounce serving by 2025.
Other goals include reducing its carbon footprint and achieving increased water savings worldwide. The US parent has said that by 2025, three-quarters of its global foods portfolio will restrict sodium to 1.3 milligrams per calorie.
D Shivakumar, Chairman & CEO, PepsiCo India, said: "Our Performance with Purpose (PwP) initiative has made tremendous progress in building trust with our consumers over the past decade".
The rate of sales growth of "Everyday Nutrition" products (those which include whole grains, fruit and vegetables, dairy, protein & hydration) will outpace the rate of sales growth in the balance of PepsiCo's portfolio. The company will also make more high-quality nutritious food available (3 billion servings) to "underserved communities and consumers".
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Lots of progress has been made over years in prevention, early diagnosis, treatments and support services. About 1 in 8 women (12 percent) in the US will develop breast cancer during their lifetime.
PepsiCo says the new global target is more ambitious than its previous goal of reducing sugar by 25 percent in certain drinks in certain markets by 2020.
PepsiCo has saved hundreds of millions of dollars since 2010 through water, energy and waste-reduction programs.
Building on its support for the United Nations Guiding Principles on Business and Human Rights, PepsiCo is significantly broadening its focus on respecting human rights across the company's supply chain.
15% - The improvement PepsiCo expects in its water-use efficiency among agricultural suppliers in high-water-risk sourcing areas.
The third part of the program is a supplier code of conduct that seeks to invest $100 million to benefit women and girls around the globe, as well as programs to ensure a diversified workforce and pay equity.
