PepsiCo, Inc. CDP Forests Questionnaire 2021 Thursday, July 29, 2021

PepsiCo, Inc. CDP Forests Questionnaire 2021

F0. Introduction

F0.1

(F0.1) Give a general description of 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 Forests 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.

F0.2

(F0.2) State the start and end date of the year for which you are reporting data.

Start Date

End Date

Reporting year

January 1, 2020

December 31, 2020

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PepsiCo, Inc. CDP Forests Questionnaire 2021 Thursday, July 29, 2021

F0.3

(F0.3) Select the currency used for all financial information disclosed throughout your response.

USD

F0.4

(F0.4) Select the forest risk commodity(ies) that you are, or are not, disclosing on (including any that are sources for your processed ingredients or manufactured goods); and for each select the stages of the supply chain that best represents your organization's area of operation.

Commodity

Stage of the

Explanation if not disclosing

disclosure

value chain

Timber

Disclosing

Retailing

products

Palm oil

Disclosing

Manufacturing

Cattle

Not disclosing

Manufacturing

Cattle products are only used in a few PepsiCo

products

products in a small number of countries. Our current

focus is on timber and palm oil, as we source

substantially more of these commodities.

Soy

Not disclosing

Manufacturing

Soybean oil is procured from Brazil, Argentina and

the U.S., primarily for use in our food businesses in

Brazil, Argentina and Canada. PepsiCo procures

approximately 30,000 metric tons of soybean oil

annually. In 2020, we purchased less than 0.1% of

the global supply of soy. PepsiCo has currently

prioritized disclosure on the other two required

commodities, timber and palm oil, for which we have

implemented strong programs due to the substantive

nature of consumption.

Other -

This commodity is

Rubber

not produced,

sourced or used

by our

organization

Other -

Not disclosing

Manufacturing

Cocoa is primarily procured for use in our North

Cocoa

America and Latin America food businesses. For

2020, PepsiCo procured approximately 27,000

metric tons of cocoa. The top four suppliers, which

represent over 80 percent of our global cocoa

procurement, are Barry Callebaut, Cargill, Amco,

and Blommer. As CDP guidance evolves with regard

to disclosure on cocoa and our current consumption

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PepsiCo, Inc. CDP Forests Questionnaire 2021 Thursday, July 29, 2021

is relatively small, PepsiCo has currently prioritized

disclosure on the other two required commodities,

timber and palm oil, for which we have implemented

strong programs due to the substantive nature of

consumption.

Other -

Not disclosing

Manufacturing

As CDP guidance evolves with regard to disclosure

Coffee

on coffee, PepsiCo has currently prioritized

disclosure on the other two required commodities,

timber and palm oil, for which we have implemented

strong programs due to the substantive nature of

consumption.

F0.5

(F0.5) Are there any parts of your direct operations or supply chain that are not included in your disclosure?

No

F1. Current state

F1.1

(F1.1) How does your organization produce, use or sell your disclosed commodity(ies)?

Timber products

Activity

Retailing/onward sale of commodity or product containing commodity

Form of commodity

Paper

Primary packaging

Secondary packaging

Tertiary packaging

Source

Contracted suppliers (manufacturers)

Country/Area of origin

Argentina

Australia

Austria

Belgium

Brazil

Canada

Chile

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PepsiCo, Inc. CDP Forests Questionnaire 2021 Thursday, July 29, 2021

China

Colombia

Czechia

Dominican Republic

Ecuador

Egypt

Estonia

Finland

France

Germany

Greece

Guatemala

India

Japan

Latvia

Lithuania

Mexico

Netherlands

New Zealand

Norway

Pakistan

Peru

Poland

Puerto Rico

Romania

Russian Federation

Saudi Arabia

Serbia

South Africa

Spain

Sweden

Switzerland

Thailand

Turkey

United Kingdom of Great Britain and Northern Ireland

United States of America

Viet Nam

  • of procurement spend
    1-5%

Comment

Wood fiber products are used in a wide range of PepsiCo's primary, secondary, and tertiary packing. Countries of origin are based on 2020 updated data.

Palm oil

Activity

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PepsiCo, Inc. CDP Forests Questionnaire 2021 Thursday, July 29, 2021

Using as input into product manufacturing

Form of commodity

Refined palm oil

Palm oil derivatives

Source

Contracted suppliers (processors)

Country/Area of origin

Brazil

Cambodia

Colombia

Costa Rica

Côte d'Ivoire

Dominican Republic

Ecuador

Guatemala

Honduras

India

Indonesia

Liberia

Malaysia

Mexico

Nicaragua

Panama

Papua New Guinea

Peru

Thailand

  • of procurement spend
    1-5%

Comment

In 2020, our global purchase of palm oil was 448,239 metric tons, of which palm kernel oil comprised 3,680 MT. Our top suppliers were Cargill, Oleofinos, and Wilmar, and the PepsiCo sources the majority of its palm oil from mills located in Indonesia, Malaysia, and Mexico.

F1.2

(F1.2) Indicate the percentage of your organization's revenue that was dependent on

your disclosed forest risk commodity(ies) in the reporting year.

% of revenue dependent on commodity

Comment

Timber products

This information is confidential

Palm oil

This information is confidential

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PepsiCo Inc. published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 08:18:09 UTC.