In mid-July 2022, worldwide food and beverage giant PepsiCo announced the closing of a new $1.25bn 10-year green bond – its second such venture in the past three years. TMI caught up with Anna Palazij, Vice President, ESG Reporting and Strategic Investment, PepsiCo, to get the low-down on how the company facilitated this landmark ESG transaction, and how the proceeds will be put to use.
Vice President, ESG Reporting and Strategic Investment, PepsiCo
Eleanor Hill (EH): First of all, what does sustainability mean to PepsiCo? Why is ESG integral to the brand, and an essential part of the company’s future strategy?
Anna Palazij (AP): Now, more than ever, it is critical for leading global brands to play a central role in addressing the pressing and interconnected issues facing society and the planet. As a company that does business in more than 200 countries and relies on at least 25 different crops sourced from approximately seven million acres in 30 countries, we at PepsiCo have an opportunity to leverage our size and scale to help address the critical climate crisis and build a more resilient and sustainable food system.