- PepsiCo Inc PEP will make a $216 million multi-year investment in long-term, strategic partnership agreements with three farmer-facing organizations.
- The organizations are Practical Farmers of Iowa (PFI), Soil and Water Outcomes Fund (SWOF), and the IL Corn Growers Association (ICGA).
- The initiative will drive the adoption of regenerative agriculture practices and reduce carbon emissions.
- Through these partnerships, by 2030, PEP will work with PFI to reach approximately 1.5 million acres, SWOF to reach nearly 1 million acres, and the ICGA to reach 600,000 acres.
- Based on progress to date, PEP expects the collaborative efforts to deliver more than 500,000 regenerative acres by the end of 2023.
- PepsiCo's ambitious pep+ targets include driving the adoption of regenerative agriculture practices across 7 million acres – approximately the size of PEP's agricultural footprint – by 2030 and achieving net-zero emissions by 2040.
- Price Action: PEP shares are trading lower by 0.40% at $176.88 on the last check Tuesday.
- Photo Via Company
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