Pep siCo Joins Calls for Action on Climate Change ; Announces Goal to Phase Out HFC E ... Page 1 of 10

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### I Perf ormance With Purpose 

# PepsiCo Joins Calls for Action on Climate Change; Announces Goal to Phase Out HFC Equipment 

# by 2020; and Reports Progress on Sustainability Goals 9

/ 19/2014

**~·~** (h ttps :// twitter . com/share?url=http://ow . ly/3vljMU&text=PepsiCo Joins Calls for Action on Climate Change ; Announces Goal to Phase Out HFC Equipment by 2020 ; and Reports Progress on Sustainab i lity Goals) 

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**~** (https://www.facebook .com/sharer . php?m2w&s=1 OO&p[url] =http://www.pepsico . com/live/story/pepsico-joins-calls-for-action - on - climate-changeannounces -goal-to -phase-out-hfc-equipment- by- 2020-and-reports- progress -on - sustainabilitygoals&p[i mages][O]=http :// o ri gin-www.pepsico . com/images/album/stories/pepsicolive_csr_homepage_cs r- pin terest.png?sfvrsn=O&p[title]=PepsiCo Joins Calls fo r Action on Climate Change ; Announces Goal to Phase Out HFC Equipment by 2020 ; and Reports Progress on Sustainability Goals&p[summary] =PepsiCo today strengthened its commitment to action on climate change by : announcing new goals for phasing out equipment with hydroflourocarbons (HFCs) ,signing both th e Ceres BICEP Climate Declaration and the Prince of Wales ' Corporate Leaders Group Trillion Tonne Communique , and reporting pro)

**On~** (https://linkedin.com/shareArticle?min i=true&url =http ://www.pepsico.comllive/story/pepsico j oins -calls-for-act ion-o n-cli mate-change-announces -goal-to-phase-out-hfc-equipment-by-2020- and-reports-progress -o n-su sta i nability-goals&title=>PepsiCo Jo i ns Calls for Action on Climate Change ; Announces Goal to Phase Out HFC Equipment by 2020 ; and Reports Progress on Sustainability Goa l s&summary=PepsiCo today strengthened its commitment to action on

**CON~aFD-lfDEttnounc ing**  new goals for phasing out equipment with hydroflourocarbons http://www . pepsico .com/live/sto ry/pepsico-joins -call s -for-action-on-clim ate-change-annou... 3/23/2015PepsiCo Joins Calls for Action on Climate Change; Announces Goal to Phase Out HFC E ... Page 2 of 10 (HFCs),signing both the Ceres BICEP Climate Declaration and the Prince of Wales' Corporate Leaders Group Trillion Tonne Communique , and reporting pro)**~::~** (mailto:?subject=Peps i Co Joins Calls for Action on Climate Change; Announces Goal to

Phase Out HFC Equipment by 2020; and Reports P rogress on Sus t ainab i lity Goals&body=http://www.pepsico.com/live/story/pepsico-joins-calls - f or-action-on-climatechange-announces-goal-to-phase-out-hfc-equipment-by-2020-and- r eports-progress-onsustainability-goals) PepsiCo today strengthened its commitment to action on climate c hange by: • announcing new goa ls for phasing out equipment with h y droflourocarbons (HFCs)> • signing both the Ceres BICEP Climate Declaration and the Prince of Wales' Corporate Leaders Group Tri llion Tonne Communique) and • reporting progress on its energy effic i ency in itiati ves. The se commitments are part of PepsiCo ' s overall strategy to addr e ss climate change by working across its business and with global leaders > w ho are set to renew their focus on

climate change during the U . N . Climate Summit nex t week. "Combating climate change i s absolutely critical to the future of our company, CO NT ENT F INDER http://www. pepsico .com/live/ story /pepsico-jo ins-call s - for-act i on-on -climate- change-annou .. . 3/23/20 15PepsiCo Joins Calls for Action on C limate Change; Announces Goal to Phase Out HFC E ... Page 3 of 10



### CONTENT FINDER http 

### :I lwww.pepsico.com/live/ story/pepsico-joins-calls -for -action- on-climate-change-annou... 3/23/20 15PepsiCo Joins Calls for Action on Climate Change; Announces Goal t o Phase Out HFC E ... Page 4 of 10 cm;tomers, consumers - and our world, " said lndra Nooyi, chairman & CEO of PepsiCo. "I believe all of us need to take action now. PepsiCo has already tak e n actions in our operations and throughout our supply chain to ' future - proof' our company - all of which deliver real cost sav i ngs , mitigate risk, protect our license to operate, and cre a te resilience in our supply chain. " HFC-Free Equipment Goal PepsiCo announced a goal that by 2020 all of its future point-of-sale equipment (coo l ers, vending machines and fountain dispensers) purchased in the U nit e d Sta t es , wi ll be HFC-free. HFCs are a popular chemical coolant and are considered a potent greenhouse gas (GHG) that contributes to climate change. This goal i s part of a recently launched partnership with the Obama Administration and other U.S. companies, which aims to reduce global consumption ofHF C s by the equivalent of700 million metric tons of carbon dioxide -o r 1.5 percent ofthe world's 2010 GHG emissions - through 2025. To meet its goal, PepsiCo will begin purchasing new HF C - free e q uipment starting in 2015. PepsiCo has already begun to phase out HFCs in its equipment o u tside of the Un i ted States by buying more than 290,000 HFC-free pieces of equipment since 2009 and by using a 1 00 percent HFC-free insulation/foam for all new equ ip ment. It has also minimized the impact of existing equipment by innova t ing its coolers and vending mach i nes to improve their energy efficiency by 60 percent compared with a 2004 base l ine . These combined efforts have reduced total GHG emissions by 18 percent since 2007. ''COMBATING CLIMATE CHANGE IS ABSOLUTELY**co~IIl\J\L** . .. '' http://www . pepsico .corn/1 i ve / story / pepsico-joins-calls- for - action - on-cl i mate-change-annou... 3 / 23 / 20 1 5PepsiCo Joins Calls for Action on Climate Change ; Announces Goal to Phase Out HFC E .. . Page 5 of 10 Strengthened Commitment PepsiCo also today became the largest U.S.-based food and beverage industry signatory of the Climate Declaration ofthe Ceres coalition, Business for Innovative Climate and Energy Policy (BICEP). PepsiCo also signed the Prince of Wale s ' Corporate Leaders Group Trillion Tonne Communique.

" From our long-standing partnership with PepsiCo , and their commitment to ongoing stakeholder engagement, we know this leading food and beverage company understands the critical impact of climate change and the economic benefits of tackling it sooner rather than later,'' said Mindy Lubber, president of Ceres, a nonprofit organization mobilizing business leadership on climate change and other global sustainability challenges.

" We are happy that PepsiCo is continuing to move beyond its own operations and supp ly chain to urge further action from the private sector and government, " said Lubber. Progress on Energy Efficie ncy, Sustaina bility G oals PepsiCo reported a nearly 14 percent improvement in global energy efficiency in 2013 when compared with its 2006 baseline . This change represents progress towards PepsiCo' s goal of reducing energy intensity by 20 percent per unit ofproductio n by 2015 and is driven by resource conservation initiatives and conversion to renewable forms of energ y . In 2013 alone, energy efficiency efforts delivered estimated cost savings of $ 75 million.



### CONTENT FINDE R http: //www. pepsico.com/live /story/pepsico - joins -calls-for-action-on-climate-change- annou... 3/23 /2015PepsiCo Joins Calls for Action on Climate Change; Announces Goal t o Phase Out HFC E ... Page 6 of 10 LE•na To achieve i ts goa l of susta in ab l e business growth - what the company ca ll s Performance with Purpose (http://www.peps i co.com/Purpose/Performance - with-Purpose}-PepsiCo has

set specific goals that guide its strategy and operations. Progress on th ese goals is high li ghted

in PepsiCo 's new 2013 Corporate Sustainability Report (http : //www . pepsico . com/Assets/Down l oad/PEP _ 2013 _ Sustainability_Report.pdf)and Globa l Reporting Initia t ive (GRI) (http://www . pepsico .c om/Assets/Download/PepsiCo_2013_ GRI.pdf) report and includes: • Saving 14 b illion li te rs of water t hrough operat i onal effi c iency programs, translating to approximately $ 15 million in savings; and avoiding $3 million in landfi ll costs through PepsiCo's Resource Conservation initia t i ves. • Increasing the tota l amount of material recycled to more than 1 8 million pounds and 324 million containers since 2010. • Expand in g sourcing of cert i fied sustainab l e agricu l tu re raw materials, including 100 percent of potato and seed growers in Chile certified to t he Ra i nforest Alliance CONTENT FINDER http : //www. pepsico .com/li vel story/pepsico - joins - calls- for-action - on-climate - change - annou... 3/23/2015PepsiCo Joins Calls for Action on Climate Change; Announces Goal to Phase Out HFC E ... Page 7 of 10 standards, and achieving one of the first Fairtrade certifications in its category for Naked Coconut Water in the United States.

These actions and broader company initiatives were recently recognized by the Dow Jones Sustainability Index (DJSI) . PepsiCo was named to the DJSI North America Index for the ninth consecutive year and by the DJSI World Index for the eighth consecutiveyear, with perfect scores in the areas of Code of Conduct/Compliance/Corruption & Bribery, Risk & Crisis Management, Packaging, Labor Practices and Human Rights and Raw Ma terial Sourcing. PepsiCo is also the Beverage Industry Leader in North America. New Pinterest Presence Launched To coincide with the release of the Sustainability Report, PepsiCo launched an interactive Pinterest presence (http://www.pinterest.com/pepsico/), which is a searchable, map-based repository for Performance with Purpose and global citizenship projects told through stories, photographs, videos and links to additional ipformation. Cautionary Statement Statements in this communication that are "forwar d-looking statements" are based on currently availab le info rma tion, operating plans and projections about future events and**C~lllEN~~Ruch** as "a im," "an ticipate, " "believe ," "d rive," "est ima te," "expect," http 

### :I lwww. pepsico .com/live/ story/pepsico-joins-calls-for-action-on-climate-change-annou... 3/23/2015PepsiCo Joins Ca ll s for Action on Climate Change; Announces Goal to Phase Out HFC E ... Page 8 of 10 "e):pressed confidence," "forecast," "ft: ture," "goals," "guidance," "intend," "may," "objectives," "outlook," "plan," "position," "potential," "project," "seek," "shou ld ," "strategy," "target," "will" or similar statements or variations of such terms are

intended to identify forwardlooking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially

from those predicted in such forward-looking statements. Such risks and uncertainties inclu de, but

are not limited to: changes in demand for PepsiCo's products, as a resu l t of changes in consumer preferences or otherwise; changes in the legal and regu l atory environment; impo sition of new taxes, disagreements with ta x authorities or additional tax liabilities; PepsiCo's ability to compete effectively; PepsiCo's ability to g ro w it s business in developing and emerging markets or unstable political conditions, civil unres t or other developments and risks in the markets where PepsiCo's products are sold; unfavorable economic conditions in

the countries in which PepsiCo operates; inc rea sed costs, disruption of s u pply or shortages of raw materials and other supplies; failure to realize anticipated benefits from PepsiCo's productivity initiatives or globa l operating model; disruption of PepsiCo's supply chain; damage to PepsiCo's reputation; fai lure to successfu ll y complete or integrate acquisitions and joint ventures into PepsiCo's existing operations or to complete o r manage divestitures or refranchisings; PepsiCo's ability to hire or retain key employees or a highly skilled and diverse workforce; trade consolidation or the loss of any key customer; any downgrade or potential downgrade of PepsiCo's credit ratings; PepsiCo's ability to protect its information systems against a cybersecurity incident; PepsiCo's ability to build and sustain proper i nformation technology infrastructure, successfully implement its ongoing bus ine ss**c~~~t~e** or share services for certain functions effectively; fluctuations or http://www. pepsico. cornlli ve/ story/peps ico -joins-calls- for-action-on-clirnate-change-annou... 3/23/2015PepsiCo Joins Calls for Action o n Climate Change ; Announces Goal to Phase Out HFC E ... Page 9 of 10 otb, er changes in exchange rates; climate change, or legal, regulatory or market measures to address climate change; fai lure to successfully negotiate collective bargaining agreements or strikes or work stoppages; any infringement of or challenge to PepsiCo ' s intellectual property rights; potential liabili ties and cos t s from litiga tion or legal proceedings; and other factors that may adversely affect the price of PepsiCo's common stock and fmancial performance. For additional information on these and other factors that could cause PepsiCo 's actual results to materially differ from those set forth herein , 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 1 0-Q and 8-K. Investors are cautioned not to place undue reliance on any such f orward-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 informatio n , future events or otherwise.**~ ~**  (https://twitter.com/share?url=http://ow.ly/3vLjMU&text=PepsiCo Joins Calls for Action on Cl i mate Change; Announces Goal to Phase Out HFC Equipment by 2020 ; and Reports Progress on Susta i nability Goals) 

## (f**~** (https ://www .facebook .com/sharer.php?m2w&s=1 OO&p[url] =http://www . pepsico.com/li ve/story/pepsico-joins-calls-for-action - on -cl i mate -change announces-goal -to - phase - out- hfc-eq u ipment-by-2020-and-reports-progress-on - sustainabilitygoals&p[images][O]=http ://o r igin -www.peps ico . com/images/album/stories/pepsicol ive_csr_homepage_csr-pinterest.png?sfvrsn=O&p[title]=PepsiCo Joins Calls for Action on Climate Change ; Announces Goal to Phase Out HFC Equipment by 2020; and Reports Progress on Sustainability Goals&p[summary]=PepsiCo today strengthened its comm itment to action on climate change by: announcing new goals for phasing out equipment with hydroflourocarbo ns (HFCs) , s igning both the Ceres BICEP Climate Declaration and the Prince of Wales ' Corporat e Leaders Group Trillion Tonne Communique , and reporting pro)**~nJ** (https ://linkedin .com/shareArticle?min i =true&url= http ://www . pepsico .com/live/story/pepsico joins-calls-for-act ion - on-climate - change-announces-goal -to - phase -out-hfc-equipment-by-2020- and-reports-progress-on -sustainability-goals&title=>PepsiCo Joins Calls for Action on Climate Change; Announces Goal to Phase Out HFC Equ i pment by 2020 ; and Reports Progress on Sustainability Goals&summary=PepsiCo today strengthened its commitment to act ion on climate change by: announcing new goals for phasing out equipment with hyd roflourocarbons (H FCs),signing both t he Ce res BICEP Climate Declarat ion and the Pri nce of Wales ' Corporate Leaders Group Trillion T onne Communique, and reporting pro) 

### CONTENT FINDER http: //www . pepsico .com/live/story/pepsico-joins-calls -for-action-on-climate-change-annou... 3/23/2015PepsiCo Joins Calls for Action on Climate Change; Announces Goal to Phase Out HFC. .. Page 10 of 10**~::~** (mailto:?subject=PepsiCo Joins Calls for Action on Climate Change; Announces Goal to Phase Out HFC Equipment by 2020; and Reports Progress o n Sus t ainab i l ity Goals&body=http://www.pepsico.com/live/story/pepsico-joins-calls- f or-action-on-climatechange-announces-goal-to-phase-out-hfc-equipment-by-2020-and- r eports-progress-onsustainability-goals) Performance With Purpose ( / live / content /t opic/Performance - With-Purpose ) ,

Sustainability (/live / content /t opic / sustainability), Global Citizenship (/ live / content/topic /G lobal- C itizenship) , DJSI ( / live / content / t o pic / DJ S I) Related Content PepsiCo named to 2013 Dow Jones Sustainability Index , launches new sustainability report » ( / I ive / story I pepsi co-named- to- 20 1 3 -dow - j ones-susta in abi I i ty- index -launch e s- newsustainability091220131143) PepsiCo earns a sustainability 'Oscar' for ninth year running » ( / I ive / story / pepsico-earns-a-sustainabi I ity-'oscar'- for - ninth-year -running) Prev (/live/pressrelease/rochesternew-york-wins-ultimate-su perbowl-halftime-experience-aspepsis-hype-y01192015) CONTENT FINDER

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