So we are doing that. Hugh Johnston Thank you, Indra and good morning everyone.
This conference call includes forward-looking statements, including statements regarding guidance based on currently available information. Indra Nooyi Good morning Pablo. Our investors can feel good knowing this makes us a stronger business over the long-term, that we can also do well by also doing good.
Suppliers are also expected to communicate and apply the SCoC and other relevant policies throughout their supply chain. And we are investing more in trademark Pepsi, because we saw stepped up investment in media from our competition. In addition, we are working to embed environmental sustainability impact assessment including GHG emissions within our new product development process.
Importantly, as we have managed the business for strong performance today, we are also taking steps to enable to continue to perform well in the decades ahead. The difference between these two trajectories is our best estimate of our target reduction amount for Scope 3 emissions.
Progress and Performance While we continue to progress on reducing GHG emissions within our direct operations, we know that our greatest opportunity for progress lies in reductions outside of our direct operations — our Scope 3 emissions, which account for approximately 92 percent of our carbon footprint.
It was one of the last architectural works by Edward Durell Stone. In these initial years of our goal, as we ramp up our strategy for Scope 3 in the key focus areas, we are expecting to see progress come from these existing initiatives.
Your lines have been placed on listen-only until the question-and-answer session. We are also focusing our efforts on adding a GHG lens to many of our existing initiatives in the areas of sustainable sourcing, waste and product transformation. We did so by replacing less energy efficient models with more efficient ones, all compliant with latest standards of DOE and e-star3, saving approximately 1.
In fact if more recycled PET were available we would buy it. Also in that year, PepsiCo brand Naked Juice began production and distribution of the first percent post-consumer recycled plastic bottle. This has enabled us to deliver a 2. And the second question which is related to that when you see a success that Coca-Cola has had with the Diet Coke new products and with Coca-Cola Zero Sugar, any thoughts in terms of how things would be done different on the Pepsi side of things?
So, Indra, clearly, there has been a lot of investor focus around the number of pressure points in the CPG industry in terms of pricing power brand demand fragmentation etcetera, etcetera and basically that some of the traditional advantages of larger CPG companies are breaking down.
This training helps to ensure suppliers understand and comply with the principles of our SCoC and support our goal of long-term sustainable supply by addressing known social risks and building capability in their operations.
With that, let me turn it over to Hugh. Pablo Zuanic Thank you. We have formal training programs for our employees and direct third-party suppliers.
In addition, we launched an anti-harassment training course in mid, which has been completed by more than 57, employees to date. Also inoverfrontline employees in our plants and warehouses received Code and Values training through in-person training workshops.
So, we intend to stay the course increasing investment behind brand support in the second half of the year with the aim of driving further top line improvement. Environmental advocacy organizations including the Natural Resources Defense Council and individual critics such as Rocky Anderson mayor of Salt Lake City, Utah voiced concerns innoting that the company could conserve additional water by refraining from the production of discretionary products such as Aquafina.
Its main brands in the U. I will just provide a quick update on the outlook and then we will move to your questions. Since then, much has changed at PepsiCo and around the world, but the underlying principles behind Performance with Purpose remain. What we told you in the last call is that you should expect to see sequential improvement in North American Beverage performance.
Within the business, trademark Pepsi continued to make progress towards more stable performance.PepsiCo, Inc.
is an American multinational food, snack, and beverage corporation headquartered in Purchase, New mint-body.como has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products.
PepsiCo Inc (NYSE:PEP) Q2 Earnings Conference Call July 10, ET Executives Jamie Caulfield - Senior Vice President, Investor Relations Indra Nooy.
Implementing solutions to address climate change is important to the future of our company, customers, consumers and our shared world. We have a strong interest in reducing our greenhouse gas (GHG) emissions given the risks we believe climate change presents to our business.
Learn about PepsiCo’s commitment and policies to respecting business human rights in the workplace and supply chain for workers throughout our organization.Download