PepsiCo Announces Second Round of Projects Funded by Its Global Agriculture Accelerator, The Positive Agriculture Outcomes Fund
PURCHASE, N.Y., Oct. 20, 2022 /PRNewswire/ -- PepsiCo (NASDAQ: PEP) today announced the continuation of its global agriculture accelerator, the Positive Agriculture Outcomes (PAO) Fund, by granting 14 business projects across 11 countries funding to address some of the most intractable challenges facing agriculture today.
- Launched in August 2021, the PAO Fund offers PepsiCo market teams co-investment to accelerate diverse and innovative Positive Agriculture projects.
- Across 2021 and 2022, the PAO Fund catalyzed PepsiCo investments in over 20 different projects, estimated to total more than $27 million through 2026.
- Positive Agriculture, one pillar of the company's pep+ (PepsiCo Positive) agenda, is the company's aim to source crops and ingredients in a way that accelerates regenerative agriculture and strengthens farming communities.
- Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+).