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PepsiCo and The Nature Conservancy announce a new collaboration for water replenishment in Latin America with a commitment to invest $3 million in the next seven years and impact five watersheds in Mexico, Brazil, Guatemala and Colombia
NEW YORK, Nov. 15, 2016 /PRNewswire/ #pepsico Latin America and The Nature Conservancy (TNC) in Latin America announced "Water for the Planet," a new collaboration that will work to replenish five different watersheds for the urban areas of Mexico City, Monterrey, São
Paulo, Guatemala City and Bogota in the next seven years.
The $3 million joint commitment toward the "Water for Planet" program aims to enable longterm, sustainable water security in the watersheds located near where #pepsico works and includes crosssector collaboration with suppliers and business partners. By supporting a watershed conservation initiative with largescale results in four countries (five watersheds) in Latin America, the positive impact on water and #people can have an amplified, longlasting effect. With the announcement signed at the #pepsico office by #pepsico Latin America CEO Laxman Narasimhan, TNC President and CEO Mark Tercek and TNC Latin America Managing Director #aurelioramos, #pepsico, TNC and its bottlers in Latin America seek to be a model of positive, collective impact.
"All across #pepsico, we continue to find innovative ways to grow our business while using fewer natural resources," said #pepsico Latin America CEO Laxman Narasimhan. "We met or exceeded all of our water goals set for 2015, including maximizing water efficiency per unit of production by 25.8% since 2006, while saving approximately $80 million in costs over five years. We have also successfully partnered to provide safe water access to more than 9 million #people globally since 2006, significantly exceeding our goal of 6 million #people by 2015," Narasimhan added.
TNC in Latin America
According to TNC, today, 80% of the Latin American population lives in urban areas, and this proportion is expected to increase to 90% by 2050. This scenario urges the implementation of efficient investments in solutions to secure clean water for growing populations, industries and food production in general.
TNC in Latin America has extensive experience and expertise in freshwater conservation work. TNC aims to improve water security by working in the watersheds that supply water to almost 40 urban areas throughout the Latin American region. TNC, alongside #pepsico, will implement activities designed to reduce water risks, such as investing in tailored upstream nature restoration activities, for each watershed located near urban centers where #pepsico works.
"Our science shows that Naturebased solutions can play a major role in providing clean, costeffective drinking water for millions of city residents, allowing for both nature and #people to thrive," stated Mark Tercek, President and CEO of The Nature Conservancy. "By collaborating with companies, we are able to unleash the power of nature to make cities more resilient and livable. Therefore, we value and welcome PepsiCo's commitment to water security," added Mark Tercek.
PepsiCo Performance with Purpose
This announcement comes a month after #pepsico announced its Performance with Purpose 2025 Agenda and sustainability goals focused on contributing solutions to shared challenges by taking action in three areas: 1) transforming its food and beverage portfolio and offering healthier options 2) producing more food with less environmental impact and 3) laying the groundwork for a heathier future by empowering #people.
In terms of water, specifically, #pepsico is striving for Positive Water Impact –meaning its efforts and partnerships will be designed to enable long term, sustainable water security for its business and others who depend on water availability. The company will do this by addressing agriculture's important role in water security, building on its operational wateruse efficiency achieved to date with an additional 25% improvement by 2025, and working to provide access to safe water to a total of 25 million #people in the world's most at waterrisk areas by 2025, a continuation of efforts that began in 2006. Through the different activities to be implemented as part of the new partnership with TNC, #pepsico Latin America is contributing to the Performance with Purpose 2025 goals.
More information on the press release
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