PepsiCo invests in sustainable water initiatives
February 05, 2008
by FoodBusinessNews.net Staff
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.