Inaugural recipients of PepsiCo’s Positive Agriculture Outcomes (PAO) Fund are the focus of PepsiCo’s four-part ‘Growing Our Future’ digital video series.
The series looks at how PepsiCo is working with farmers in Thailand to help them adapt to climate change; how farmers in Greece are adopting more efficient irrigation systems to adapt to increased drought; how it has partnered with farmers in Punjab, India, to develop kilns that can turn their agricultural waste into fertilizer; and the research it is supporting in Brazil to help potato farmers improve soil health.
‘We’re in a race’
“We’re in a race to reach the world’s 1.5 degree target and, to do our part, PepsiCo has set a range of ambitious PepsiCo Positive goals, including expanding regenerative agriculture practices and building the resilience of those in our agricultural supply chain by preparing them for a changing climate,” said Rob Meyers, VP of Global Sustainable Agriculture.
Positive Agriculture is one of the pillars of the snacking giant’s pep+ agenda, aiming to spread the adoption of regenerative farming practices across 7 million acres, improve the livelihoods of more than 250,000 people in its agricultural supply chain, and sustainably source 100% of its key ingredients by 2030.
Projects with real outcomes
The PAO Fund was launched in August 2021 to make this happen. The investments are designed to ‘de-risk’ promising initiatives while accelerating the development of innovative tech and approaches that can help scale the adoption of regenerative agriculture practices.
“Reaching PepsiCo’s – and our planet's – goals will require fresh thinking and innovation from our agriculture teams and partners all over the world, which is why the PAO Fund was created to make it a bit easier for good ideas to get off the ground,” added Meyers.
Last week, PepsiCo announced the PAO Fund’s second cohort of projects, which address some of the most intractable challenges facing agriculture today.
This round has zeroed in on 14 projects across 11 countries that span a range of commodities, supply chains, time horizons and PepsiCo business units, but all focused on either testing a new regenerative tech or approach to help farmers build climate resilience, or developing new sustainable ‘landscapes’.
To date, the Fund has catalysed PepsiCo investments in over 20 different projects, estimated to total more than $27m until 2026.
“With support from the PAO Fund, we’ve been able to generate much greater engagement and innovation both at the farm level and through closer collaboration with our global teams,” said Haseeb Malik, senior manager of Agriculture AMESA, PepsiCo.
“This work is not only helping to advance our pep+ goals in the market, but it’s also meaningfully improving the lives of the farmers we’re working with.”
PepsiCo Positive (pep+) is the company’s strategic end-to-end transformation that puts sustainability and human capital at the centre of how it strives to create value and growth, and inspire positive change for planet and people.