PepsiCo India wins US award for saving more than 17 billion litres of water
- IBEF
- November 1, 2019
US Secretary of State, Mr. Mike Pompeo presented the prestigious Award for Corporate Excellence to PepsiCo India in order to acknowledge the efforts of the company, as it saved more than 17 billion of litres of water through community water programs that has a positive impact on thousands of community members.
The ACE was Established in 1999 and recognizes those US companies that act as a responsible member of their communities where they do business and maintain those high standards.
"Today we honour one of PepsiCo's regional arms, PepsiCo India. It is India's largest purchaser of potatoes. And it uses this to power good, sourcing sustainably from 24,000 small Indian farmers. It also has a program aimed at replenishing water in stressed areas, through which it has restored nearly five billion litres of water", said Mr. Pompeo.
Chambers Federation in the Democratic Republic of the Congo, Procter and Gamble Asia Pacific in Singapore and Agilis Partners in Uganda were the other recipients of the award.
Mr. Pompeo added, "Our four winners today demonstrate the power of free enterprise. They demonstrate to our foreign partners that working with our businesses is a path to prosperity and stability."
According to him, these companies highlights the America's free market values by producing good jobs in the United States and around the world, investing sustainably, operating transparently, and providing the highest quality products and services in the world.
PepsiCo India won globally for its sustainable operations in the multinational enterprise category for its sustainable farming initiative in India.
The company has worked with community water programs in order to save more than 17 billion litres of water and also replenishing over 5 billion litres of water, affecting positively around 60,000 community members.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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