PepsiCo prices US$1 billion green bond to fund key sustainability initiatives
Names First Chief Sustainability Officer as Company Advances Agenda to Help Build a More Sustainable Food System
PepsiCo Inc. today announced that it has priced the company’s first ever Green Bond. The net proceeds from the US$1 billion Green Bond offering will fund a series of key initiatives to advance PepsiCo’s sustainability agenda. The company also announced that it has named PepsiCo leader Simon Lowden as its first Chief Sustainability Officer. In this new role, effective immediately, Lowden will be responsible for leading PepsiCo’s Sustainability Office, including the Global Sustainable Plastics team and Global Sustainable Operations team.
(Source: Sustainable Brands)