PepsiCo in sustainable water initiatives
January 22, 2008
by Eric Schroeder
PURCHASE, N.Y. — PepsiCo, Inc. announced its PepsiCo Foundation has made a $6 million grant to the Earth Institute at Columbia University and a $2.5 million grant to H2O Africa, moves the company believes will help drive sustainable water practices.
The Earth Institute at Columbia University is one of the world’s premier institutions dedicated to global sustainable development. In collaboration with the Institute, PepsiCo said it will work to identify a series of "high-impact, community-based activities and practical solutions across water, agriculture and climate." PepsiCo will give the Institute $6 million during a three-year period for projects in India, Brazil, China and Africa.
In addition, the company announced a partnership with H2O Africa, a foundation founded by actor Matt Damon focused on clean water initiatives in Africa. The initiative will involve on-the-ground clean water projects in Niger, Mali, Senegal and other countries in Africa. H2O Africa will receive $2.5 million over the next 12 months.
"For PepsiCo and the PepsiCo Foundation, these commitments begin with a desire to address the worldwide water crisis," said Indra Nooyi, chairman and chief executive officer and PepsiCo Foundation chairman. "Water sits at the nexus of so many challenges — global health through disease transmission, increasing hunger through poor agricultural practices, and even education as children in water-scarce economies are often charged with walking miles to collect water from a distant well instead of attending school. Without clean water, none of the other fundamentals leading to a healthy and prosperous life are possible."
PepsiCo and the PepsiCo Foundation’s support of these two step-changing initiatives is part of its ongoing support of the Millennium Development Goals. In July, PepsiCo was among several businesses to support a Declaration announced by U.K. Prime Minister Gordon Brown at the United Nations calling for the achievement of the Goals by 2015.