PepsiCo Awarded Prize for Effort to Cut Water Consumption

PepsiCo Inc. (PEP) won an honorary industry award at the World Water Week in Stockholm for efforts by the biggest snack-food maker to conserve billions of gallons of water in its global manufacturing operations.

“Reducing our water usage drives cost reductions and reduces our overall environmental footprint,” said Indra Nooyi, chairman and chief executive officer of PepsiCo. “We’re innovating to make the most of every drop of water used.”

The food and beverage company saved almost 16 billion liters of water last year compared with 2006 usage, showing “that responsible water use makes good business sense,” Joppe Cramwinckel, award committee member and head of water projects at the World Business Council for Sustainable Development, said today in a statement.

PepsiCo’s initiatives improved its water efficiency by at least 20 percent per unit of production since 2006, reaching a water goal four years ahead of schedule, the Purchase, New York- based company said in a statement.

Water-saving equipment and technologies as well as more recycling and re-use in conjunction with a water management system and new farm irrigation methods helped, PepsiCo said, as did optimizing the delivery of fertilizer and water to crops at the most efficient time.

Agriculture accounts for about 70 percent of global water use and industry 20 percent, according to United Nations data, with India, China and the U.S. the three largest water users by volume.

The water summit, organized by the Stockholm International Water Institute or SIWI, is an annual event that started in 1991. This week, industry executives and scientists from at least 100 countries are discussing how to curb food waste and use water more efficiently in agriculture and at home.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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