PepsiCo : 2021 CDP Climate Change Submission

PepsiCo, Inc. CDP Climate Change Questionnaire 2021 Wednesday, July 28, 2021

PepsiCo, Inc. CDP Climate Change Questionnaire 2021

C0. Introduction

C0.1

(C0.1) Give a general description and introduction to your organization.

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito- Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands.

This CDP Climate Questionnaire contains statements reflecting our views about our future performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "goal," "intend," "may," "plan," "project," "strategy," "target" and "will" or similar statements or variations of such terms and other similar expressions. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

C0.2

(C0.2) State the start and end date of the year for which you are reporting data.

	Start date	End date	Indicate if you are providing emissions data for
			past reporting years

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PepsiCo, Inc. CDP Climate Change Questionnaire 2021 Wednesday, July 28, 2021

Reporting	January 1,	December 31,	No
year	2020	2020

C0.3

(C0.3) Select the countries/areas for which you will be supplying data.

Argentina

Australia

Belgium

Bosnia & Herzegovina

Brazil

Canada

Chile

China

Colombia

Costa Rica

Cyprus

Czechia

Dominican Republic

Ecuador

Egypt

El Salvador

Estonia

France

Georgia

Germany

Greece

Guatemala

Honduras

Hungary

India

Ireland

Israel

Italy

Jordan

Kyrgyzstan

Mexico

Netherlands

New Zealand

Pakistan

Panama

Paraguay

Peru

Poland

Portugal

Romania

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PepsiCo, Inc. CDP Climate Change Questionnaire 2021 Wednesday, July 28, 2021

Russian Federation

Saudi Arabia

Serbia

Singapore

Slovakia

South Africa

Spain

Taiwan, Greater China

Thailand

Turkey

Ukraine

United Kingdom of Great Britain and Northern Ireland

United States of America

C0.4

(C0.4) Select the currency used for all financial information disclosed throughout your response.

USD

C0.5

(C0.5) Select the option that describes the reporting boundary for which climate- related impacts on your business are being reported. Note that this option should align with your chosen approach for consolidating your GHG inventory.

Operational control

C-AC0.6/C-FB0.6/C-PF0.6

(C-AC0.6/C-FB0.6/C-PF0.6) Are emissions from agricultural/forestry, processing/manufacturing, distribution activities or emissions from the consumption of your products - whether in your direct operations or in other parts of your value chain - relevant to your current CDP climate change disclosure?

	Relevance
Agriculture/Forestry	Elsewhere in the value chain only
	[Agriculture/Forestry/processing/manufacturing/Distribution only]

Processing/Manufacturing Both direct operations and elsewhere in the value chain [Processing/manufacturing/Distribution only]

Distribution	Both direct operations and elsewhere in the value chain
	[Processing/manufacturing/Distribution only]
Consumption	Yes [Consumption only]

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PepsiCo, Inc. CDP Climate Change Questionnaire 2021 Wednesday, July 28, 2021

C-AC0.6b/C-FB0.6b/C-PF0.6b

(C-AC0.6b/C-FB0.6b/C-PF0.6b) Why are emissions from agricultural/forestry activities undertaken on your own land not relevant to your current CDP climate change disclosure?

Row 1

Primary reason

Evaluated but judged to be unimportant

Please explain

PepsiCo owns/manages some agricultural land within our direct operations. Lands are usually used to grow crops for our products. The amount of land this represents in our overall agricultural supply chain is judged to be small and, therefore, de minimis. Due to internal complexities in collecting this data we are not reporting emissions from Company-owned agricultural land.

C-AC0.7/C-FB0.7/C-PF0.7

(C-AC0.7/C-FB0.7/C-PF0.7) Which agricultural commodity(ies) that your organization produces and/or sources are the most significant to your business by revenue? Select up to five.

Agricultural commodity

Palm Oil

• of revenue dependent on this agricultural commodity
  40-60%

Produced or sourced

Sourced

Please explain

Revenue dependent on this commodity is disclosed as an aggregate of all commodities listed here. We do not have sufficient data to determine revenue dependence of each commodity at this time.

Agricultural commodity

Sugar

• of revenue dependent on this agricultural commodity
  40-60%

Produced or sourced

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PepsiCo, Inc. CDP Climate Change Questionnaire 2021 Wednesday, July 28, 2021

Sourced

Please explain

Revenue dependent on this commodity is disclosed as an aggregate of all commodities listed here. We do not have sufficient data to determine revenue dependence of each commodity at this time.

Agricultural commodity

Wheat

• of revenue dependent on this agricultural commodity
  40-60%

Produced or sourced

Sourced

Please explain

Revenue dependent on this commodity is disclosed as an aggregate of all commodities listed here. We do not have sufficient data to determine revenue dependence of each commodity at this time.

Agricultural commodity

Other, please specify

Potatoes

• of revenue dependent on this agricultural commodity
  40-60%

Produced or sourced

Sourced

Please explain

Revenue dependent on this commodity is disclosed as an aggregate of all commodities listed here. We do not have sufficient data to determine revenue dependence of each commodity at this time.

Agricultural commodity

Other, please specify

Corn

• of revenue dependent on this agricultural commodity
  40-60%

Produced or sourced

Sourced

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