PepsiCo has pledged to reduce the use of single-use plastic by the end of 2022.
The pledge was made in response to a shareholder proposal filed by non-profit corporate social responsibility organisation As You Sow, asking the company to report on actions it could take to “rapidly reduce dependence on single-use plastic packaging.”
The FMCG giant informed As You Sow it will study the scope of actions it can commit in the coming months and announce the size of its commitment by year-end.
As a result, As You Sow agreed to withdraw its shareholder proposal.
READ MORE: PepsiCo set to eliminate virgin fossil-based plastic from crisp packaging by 2030
“We appreciate the actions PepsiCo has already taken to reduce its use of virgin plastic and are pleased it is willing to review its operations and search for additional opportunities to reduce reliance on single-use plastic packaging,” As You Sow senior vice president Conrad Mackerron said
“We hope the company will take a close look at its ability to increase the use of refillable plastic and glass bottles in key markets.”
The news comes after the filing of a similar proposal to The Coca-Cola company. The beverages company agreed to increase the share of its beverages delivered in returnable/refillable containers from 16% to 25% by 2030.
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