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Pepsico Renews Commitment to Veterans Through Recycling Initiative

November 7, 2014

Pepsico Renews Commitment to Veterans Through Recycling Initiative

PepsiCo named first 3-star partner of Institute for Veteran and Military Families at Syracuse University for $2 million commitment to the Entrepreneurship Bootcamp for Veterans with Disabilities program

pepsicorecycleThere are many ways to say thank you for the sacrifice and service of veterans and their families on Veterans Day. PepsiCo adds an unlikely way to this list—by recycling. Through PepsiCo Recycling, recycled beverage containers translate into business training opportunities for veterans around the nation. This November, PepsiCo will officially be recognized as the first 3-star partner of Syracuse, N.Y.-based Institute for Veterans and Military Families at Syracuse University (IVMF) for its longstanding support of the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) program. As one of the early supporters of EBV, PepsiCo has linked its beverage recycling program to helping veterans become entrepreneurs.

Since 2010, PepsiCo has donated $1.5 million to EBV and will allocate an additional $500,000 over the next three years. More than 4.4 million pounds of bottles and cans have been collected through PepsiCo Recycling programs during that time.

“Every bottle and can recycled makes a difference, not only for the environment but also helping veterans seek new career EBV-Logo-(no-small-text---transparent)opportunities and launch and grow their own businesses,” said Meagan Smith, program director for PepsiCo Recycling. “We’re honored to be a part of the network EBV has built nationwide and are working to grow our partnership in innovative new ways through our recycling programs at schools, colleges, communities and retailers.”

When you recycle beverage bottles and cans with PepsiCo, you are helping further the EBV’s mission to provide training in entrepreneurship and small business management to post-9/11 veterans with disabilities resulting from military service. Since PepsiCo partnered with EBV, more than 925 veterans have received training and support.

“As we approach a new landmark in our partnership with PepsiCo, we want to recognize how instrumental they were in helping us grow and transform our program,” said Mike Haynie, vice chancellor for Veterans and Military Affairs & executive director of the Institute for Veterans and Military Families at Syracuse University. “We began with a small program at Syracuse and have now expanded to eight universities and more than 925 veterans graduated.”

To learn more about PepsiCo Recycling and EBV, visit www.PepsiCoRecycling.com.

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PepsiCo’s Commitment to Recycling

As a part of Performance with Purpose, PepsiCo’s goal to deliver sustained value to shareholders and stakeholders, the company is committed to increasing the recyclability of its packaging. Since 2010, PepsiCo has added more than 5,000 recycling systems across North America through recycling programs in more than 41 states. In 2013, PepsiCo invested in support for the operation and delivery of our recycling programs, increasing the total amount of material recycled to more than 18 million pounds and 324 million containers since 2010.

The company has also undertaken several other initiatives, including:

Closed Loop Fund

PepsiCo recently collaborated with Walmart and a number of other companies to establish a Closed Loop Fund that will help finance recycling programs to divert valuable raw materials from landfill.  The Fund aims to invest $100 million in recycling infrastructure projects and spur private and public funding for transforming the recycling system in the United States. The Fund will provide loans to municipalities and other organizations to fund innovative ideas to reach the goal of providing 100 percent of U.S. households with access to recycling where and when they need it.

K-12 Recycle Rally

PepsiCo has been working with K-12 schools through its Recycle Rally program since 2010. The program helps teach K-12 students valuable lessons about the importance of recycling and improving our environment while providing the opportunity for valuable rewards and prizes to green their schools. Since the program began, almost 1,000 schools have participated in 35 different states and approximately 42.5 million containers have been collected.

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About PepsiCo

PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2013, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

At the heart of PepsiCo is Performance with Purpose – our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.

 

MEDIA CONTACTS:        

PepsiCo Recycling
Laurie Leopold
312-577-1758
mediarelations@pepsicorecycling.com  

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