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PepsiCo announces closing of $1.25 billion 10-year Green Bond
PepsiCo announced that its new $1.25 billion 10-year Green Bond will focus on investments to deliver key environmental sustainability initiatives under two pillars of its pep+ agenda: Positive Agriculture and Positive Value Chain.
The new Green Bond is PepsiCo's second since 2019.
The company had $858 million in equivalent proceeds from the $1 billion investment of its first Green Bond already allocated to its Eligible Green Projects across six continents in categories of sustainable plastics and packaging, decarbonization of our operations and supply chain, and water sustainability.
Andrew, Chief Sustainability Officer, PepsiCo, noted that while tackling the climate crisis requires a collaborative effort, it is clear that the private sector must play a leadership role.
PepsiCo's new Green Bond Framework outlines the categories where funding can be directed, each aligning with the UN Sustainable Development Goals, such as regenerative agriculture, decarbonization and climate resilience, circular economy, and virgin plastic waste reduction.
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