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PepsiCo's 'pep+' transformation plan includes slashing plastic use, expanding SodaStream business

·1 min read
PepsiCo's 'pep+' transformation plan includes slashing plastic use, expanding SodaStream business
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Shares of PepsiCo Inc. unveiled "pep+" on Wednesday, which the food and beverage giant calls its plan of transformation to create growth and value with sustainability to be net water positive by 2030 and achieve net-zero emissions by 2040. Pepsico's stock gained 0.4% in premarket trading. Among the pep+ goals, cutting virgin plastic per serving by 50% for food and beverage brands by 2030, using 50% recycled content in its plastic packaging and growing the SodaStream business with an aim to avoid