>> WELCOME BACK TO CHEDDAR
EVERYONE PEPSICO IS DOUBLING
DOWN ON ITS CLIMATE PRIORITIES
PLEDGING TO DRASTICALLY CUT ITS
GREENHOUSE
GAS EMISSIONS. THIS MOVE COMES
AS MORE AND MORE CONSUMERS MAKE
SUSTAINABILITY A PRIORITY
SOMETHING PEPSICO SAYS IT'S
BANKING ON HENA DOBA SPOKE WITH
ROBERTA.
BARBIE ARIE OVER TO BARBIER HE
WAS THE VICE PRESIDENT OF
SUSTAINABILITY
AT PEPSICO ABOUT PEPSICO PLANS
TO ACHIEVE ITS AMBITIOUS
CLIMATE GOALS TAKE A LOOK.
>> THERE'S 2 PARTS TO OUR NEW
CLIMATE IT'S A DOUBLING OF OUR
OLD GOAL
ON CLIMB, THE ACTION WE'RE
COMMITTING TO REDUCING OUR
ABSOLUTE GREENHOUSE GASES
MISSIONS BY MORE THAN 40% BY
2030. AND PLEDGING TO GET TO
NEXT 0 EMISSIONS BY
2040. AND BUILT WITHIN THAT
I CAN AND WITHIN OUR OWN
DIRECT OPERATION
TO BEING EVEN MORE AGGRESSIVE
WE'RE GOING TO CUT OUR OWN
DIRECT OPERATIONS BY 75%.
EVERYWHERE ELSE IN OUR VALUE
CHAIN OR INDIRECT EMISSIONS, 40
PURSE THAT SO VERY JUMPING IN
WITH BOTH FEET HERE.
>> I PLAN ON DOING THAT ROBERT
AND I SHOULD SAY I'VE BEEN TO
YOUR CAMPUS. THE PEPSICO CAMPUS
AND IT'S BEAUTIFUL IT'S
BRAND-NEW WITH STATE OF THE
ART. SO WHY IS NOW THE RIGHT
TIME TO IMPLEMENT THESE NEW
MEASURES.
>> NO IS MORE IMPORTANT FOR
ACTION ON CLIMATE CHANGE
CENTER. THE AFFECTS OF
CLIMATE CHANGE. ARE WE SEE THEM
TODAY, WE'RE EXPERIENCING THEM
IN
PEPSICO BUSINESS. THEY HAVE
FAR-REACHING IMPACTS AND
FRANKLY
THIS DECADE.
>> IT IS CRITICAL. WE HAVE TO
TAKE BOLD COMMITTED ACTION IN
THE NEXT
10 YEARS.
>> OR SOME OF THE MOST SEVERE
CONSEQUENCES OF
CLIMATE CHANGE. SO YOU KNOW
WHAT I WANT TO SAY 3 THINGS
ABOUT OUR.
FIRST OF ALL IT'S
ABSOLUTE SO.
>> NO MATTER THAT MEANS THAT NO
MATTER HOW MUCH YOUR COMPANY
GROWS.
CARBON FOOTPRINT IN 2030 NEEDS
TO BE 40 PER PERCENT LESS THAN
IT WAS IN 2015.
SO THAT'S WHAT WE MEAN BY
ABSOLUTE EMISSION REDUCTIONS
SECONDLY
IT'S SCIENCE-BASED IT'S BEEN
VALIDATED BY THE SCIENCE BASED
TARGETS INITIATIVE WHAT THAT
FOR THE LAYMAN IT'S ANOTHER WAY
OF SAYING THAT THIS IS WHAT IT
TAKES FOR PEPSICO TO ELIMINATE
OUR SHARE OF THE CLIMATE
CHANGE PROBLEM. AND 3RD, IT'S
ALIGNED TO LIMITING GLOBAL
WARMING TO 1.5 DEGREE C.
AND OUR OUR EFFORTS
TO GET TO NET 0 EMISSIONS BY
2040 IS ACTUALLY A DECADE
EARLIER THEM WHAT'S CALLED FOR
IN THE IN THE PARIS
CLIMATE AGREEMENT.
>> WE CERTAINLY LIKE FOLLOWING
THE SCIENCE HERE AT CHEDDAR
ROBERTA SO THANK YOU FOR THAT
WHAT IS SO IMPRESSIVE ABOUT
THIS INITIATIVE YOU GUYS ARE A
MAJOR COMPANY OR AN INDUSTRY
LEADER. WHY IT'S IMPORTANT TO
MAKE CLIMATE
A PRIORITY, ESPECIALLY WHEN IT
COMES TO YOUR BUSINESS
DECISIONS MOVING FORWARD.
>> YEAH, IT'S A GREAT QUESTION.
SO I MENTIONED EARLIER WE'RE
SEEING THE EFFECTS OF CLIMATE
CHANGE ALREADY IN
OUR BUSINESS. COUPLE EXAMPLES
FOR WE GROW A LOT
OF POTATOES AS YOU CAN IMAGINE
FOR FREE BUSINESS LAY'S
POTATO CHIPS ALL AROUND THE WE
WORK WITH OVER 40,000 FARMERS
AROUND THE WORLD WORLD
AND AQUACULTURE HIS WHILE AT
THE SAME TIME A SIGNIFICANT
CONTRIBUTOR AGREE HOUSE GAS
EMISSIONS MISSIONS FOR OUR EGG
SUPPLY CHAIN ACCOUNT FOR ABOUT
A 3RD OF OUR TOTAL
CARBON FOOTPRINT IT'S
AGRICULTURE IS ALSO A CRITICAL
SOLUTION TO CLIMATE CHANGE.
AND BY THAT I
IMPROVING THE OF
OUR FARM
FIELDS HELPS THE SOIL ABSORB
CARBON SO HEALTHY SOIL ABSORBS
CARBON WHICH PULLS CARBON OUT
OF THE ATMOSPHERE CARBON
SEQUESTRATION REALLY IMPORTANT.
ONE OF THE WAYS THAT
WE'RE AT ACTUALLY SEEING THE
IMPACTS OF CLIMATE CHANGE OUR
BUSINESS TODAY IS IN THE ACC'S
RIGHT CHANGE. WE ACTUALLY HAVE
TO DEPLOY DEVELOP
INTO CLAY FARMERS NEW VARIETIES
OF POTATOES FROM THE LIKES OF
LAYS POTATO CHIPS. IN THAT ARE
MORE DROUGHT. ALL BECAUSE OF
CHANGING PRECIPITATION
ARE POTATO
VARIETIES NEED TO HAVE LONGER
ROUTE SYSTEMS SO THEY AND THEIR
SYSTEMS ARE LONGER.
THEY DRILL DOWN INTO THE CELL
PAPER AND GET ACCESS TO
MORE WATER BY GOING DEEP SO ONE
VERY KIND OF TECHNICAL AND
INTERESTING WAY
THAT WORK WE'RE TRYING TO ADAPT
TO THE CONSEQUENCES OF
CLIMATE CHANGE.
>> I DON'T THINK PEOPLE REALIZE
JUST HOW MUCH GOES INTO THAT
I'M SO GLAD TO EXPLAIN THAT
RIVER TO THANK YOU SO LET'S
TALK ABOUT CONSUMER WATCH AINGE
IS WILL THEY SEE BECAUSE OF
THIS INITIATIVE IF ANY.
>> CONSUMERS COULD BE A COUPLE
OF EXAMPLES HANNAH CONSUMERS
WILL SEE MORE RECYCLED CONTENT
IN
OUR PACKAGING. THE REASON THAT
THAT'S A CLIMATE
ACTION IS BECAUSE THE MORE
RECYCLED CONTENT IN SAY A
PLASTIC BAG. THE LOWER THE
CARBON FOOTPRINT OF THE BOTTLE
THE LESS MISSIONS ASSOCIATED
WITH MANUFACTURING THAT BOTTLE
SO CONSUMERS WILL SEE MORE
RECYCLED CONTENT. WE'RE
STEADILY INCREASING OUR USE
OF RECYCLED PT IN PRODUCTS LIKE
LIFE WATER THAT HOT SO BRAND
MAKING JUICE. THEY COULD JUST
PACKED IN A 100% MARKET IN
NORTH AMERICA RIGHT NOW
IN EUROPE, 9 COUNTRIES GOING TO
BE USING 100% ARQUETTE IN THE
PEPSI BRAND. BY 2022 JUST
NEXT YEAR. SO LOTS
MORE RECYCLED CONTENT NOTHER
THING THEY'LL
SEE IS MORE REUSE MODELS LIKE
OUR SODA STREAM BUSINESS WHICH
IS A BEAUTIFUL BUSINESS.
IT'S AN EXAMPLE OF CIRCULAR
MODEL
FOR PACKAGING. AND WE'RE
EXPECTING THAT AS SODA STREAM
ROSE IT'S GOING TO AVOID IT AN