PepsiCo, Inc. has released its 2020 Green Bond Report, which details the allocation of net proceeds from its $1 billion Green Bond, which was issued last year. During 2019, $447 million of the net proceeds from the Green Bond were allocated, including:
- Approximately $200 million to procure recycled polyethylene terephthalate (rPET) plastic for the company’s North American beverage packaging, avoiding approximately 210,000 metric tons of greenhouse gas emissions
- Over $110 million to help transition the company-owned fleet to lower-carbon models
- $98 million to build a green R&D facility in Valhalla, New York, featuring 681 solar panels, among other innovations
- $9 million to improve water-use efficiency in the company’s plants.
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