Investments in essential infrastructure to reduce water supply
On February 1, 2022, Frito-Lay North America along with its parent company PepsiCo Beverages in North America, granted $1.2 million to the Texas-based water conservation group Guadalupe-Blanco River Authority (GBRA) to help protect the water supply in the Guadalupe River Basin. With the recent investment, Frito-Lay North America plans on, along with its parent company, to become net water positive by the year 2030, meaning the company will cut back on water use and give back any excess water to areas that are at high risk of water supply.
Balance Sheet|Labor|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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