PepsiCo CEO on pep+: ‘our ambition is to make our products healthier’

PepsiCo Inc (NASDAQ: PEP) announced pep+ (pep Positive) – an end-to-end strategic transformation built around sustainability on Wednesday. Shares of the $215 billion company closed more than 0.5% up today.

As part of the new initiative, the beverage giant wants to hit a few ambitious targets, including net-zero emissions by 2040, net water positive by 2030, and a 50% less use of virgin plastic per serving by 2030.

CEO Ramon Laguarta’s remarks on CNBC’s “Closing Bell”

On CNBC’s “Closing Bell”, CEO Ramon Laguarta said brands that are positioning themselves as sustainable are growing faster. Commenting further on pep+, he said:

PepsiCo aims at outperforming rivals with pep+ that appeals to consumers who wish to know what’s behind the company and its products.

PepsiCo wants Lays to be the lowest sodium potato chips in the market

Laguarta also said that PepsiCo was actively working on minimising the use of ingredients in its products that are not good for health.

PepsiCo also wants to scale “regenerative farming” by 2030, which will help reverse climate change, the CEO added.