PepsiCo invests in sustainable water initiatives

by FoodBusinessNews.net Staff
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PURCHASE, N.Y. — PepsiCo, Inc. announced its PepsiCo Foundation 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.

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.

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