On May 22, 2025, PepsiCo announced refined agriculture, climate, water and packaging goals.

This ESG Performance Metrics reflects PepsiCo's 2023

progress against our previous pep+ goals. For our current pep+ goals, please see PepsiCo Positive Goal Evolution Graphic and our ESG Topics A-Z pages.

The information within this PDF is accurate as

of June 20, 2024. Unless otherwise noted,
our sustainability data reflects progress
made during the calendar year (ending
December 31, 2023), whereas our financial
reporting corresponds with our fiscal year,
which ends on the last Saturday of December.

As a general matter, recent organizational changes

(e.g., acquisitions and divestitures) are reflected in
our reporting as soon as practical. Unless otherwise

2023 noted, goals and progress reflect the impact of our

acquisitions of Hangzhou Haomusi Food Co., Ltd.

ESG Performance
(Be & Cheery), Pioneer Food Group Ltd. (Pioneer
Foods), and SodaStream International Ltd. and our
divestiture of Tropicana, Naked and other select
juice brands (Tropicana).

Metrics Organizational changes (e.g., acquisitions, mergers,

and divestitures) are evaluated to determine if they
have a significant impact on our sustainability
performance and, as data becomes available, all
reported years for metrics impacted by an
organizational change are recast to consistently
reflect the impact of the organizational change.

Targets apply to PepsiCo’s operations as well as our

value chain (e.g., franchise bottlers, joint ventures
where PepsiCo has operational control, co-
manufacturers, etc.) unless otherwise noted.
pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 2

Our Environmental, Social

and Governance (ESG)
reporting suite includes
multiple resources available
online that explain our
approach to help build more
sustainable food systems.
This document reflects
progress against our pep+
goals, as they were
structured in 2023.

For detail on how we measure

performance against these goals,
see Calculation methodology

2023 ESG Performance Metrics

on ESG Topics A-Z.
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 3

Positive Agriculture
Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

Spread the adoption of regenerative agriculture practices across 7

7 million >1.8 million >900,000 >345,000
million acres of the land used around the world to grow our crops and
acres acres acres acres
ingredients for our products1

We regularly review our pep+ goals and consider whether

Advocate for and contribute to a measurable improvement in the any changes are warranted. As a result of achieving this
health of high water-risk watersheds where we directly source our 15% goal ahead of schedule, we will no longer report on it. But
22% -% -%
crops, including an improvement in water-use efficiency of 15% (2025 Target) we will continue our work in watershed health through
by 20252 other pep+ goals and remain focused on continuous
improvement.

Sustainably source 100% of our key ingredients, expanding to include

not only our grower-sourced crops (potatoes, whole corn and oats), but 100% ~58% ~55% ~50%
also key crops from third parties, such as vegetable oils and grains3

Improve the livelihoods of more than 250,000 people in our agricultural

Goal introduced
supply chain and communities through dedicated programming aiming >250,000 >57,000 >11,000
with the launch
to support economic prosperity, farm and farm worker security and people people people
of pep+ in 2021.
women’s economic empowerment4

1
PepsiCo considers an acre as delivering regenerative impact when the adoption of regenerative agriculture practices results in quantified improvements across at least two of the environmental outcome areas, with a strong preference for removing or reducing GHG emissions
to be one impact area. Refer to PepsiCo's Regenerative Agriculture Practice Bank for a comprehensive listing of practices directly or indirectly linked to the five impact areas. Regenerative acres reported represent the annual count in each year presented based on actions undertaken
since 2021
2 Measured versus a 2015 baseline. This metric tracks the improvement of the water-use efficiency of PepsiCo’s direct agricultural supply chain. To focus efforts on implementing sustainable practices, we currently collect and publish agricultural water-use efficiency data at least

once every three years. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years. Results reflect assessments performed in 2023, 2020 and 2018

2023 ESG Performance Metrics

3
For grower-sourced crops, sustainable sourcing refers to meeting the independently verified environmental, social and economic principles of PepsiCo’s Sustainable Farming Program (SFP). For supplier-sourced crops, sustainable sourcing is achieved through a third-party standard
that has been benchmarked as equivalent to the SFP or, in limited regions, a continuous improvement program addressing the main environmental and social risks with growing the relevant crop. Sustainably sourced volumes are verified by third parties, including Roundtable on
Sustainable Palm Oil (RSPO) - certified palm oil and Bonsucro-certified (or equivalent) cane sugar. Certain legal and systemic barriers will challenge us as we strive toward our goal of sustainably sourcing 100% of our key ingredients. For example, certain jurisdictions prohibit farmers
from holding legal rights to the land they farm (a component of our sustainable sourcing definition). Our Sustainable Sourcing goal applies to areas where PepsiCo has purchasing control and excludes joint ventures, franchises, co-manufacturers and co-packers and other third parties
over which we do not hold purchasing control. Key ingredients are listed in the Agriculture ESG Topics A-Z page
4 Metric counts the cumulative people impacted since 2021
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 4

Positive Value Chain: Climate

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

REDUCE ABSOLUTE GREENHOUSE GAS (GHG) EMISSIONS ACROSS OUR VALUE CHAIN BY MORE THAN 40% BY 2030, INCLUDING A 75% REDUCTION IN EMISSIONS FROM OUR DIRECT OPERATIONS. ACHIEVE NET-ZERO
EMISSIONS BY 2040.

After transitioning our U.S. direct operations to sourcing

100% renewable electricity, including renewable energy
credits, in 2020, we set our sights more broadly and by the
end of 2023, 40 countries in PepsiCo’s operations
Reduce Scope 1 and 2 emissions by 75% (measured versus a 2015 baseline) 75% 33% 23% 26%1 consumed 100% renewable electricity, including renewable
energy credits, for both manufacturing and non-
manufacturing facilities.
Metric assured since 2006

Delivering our products requires certain key inputs and

activities whose emissions we cannot always control or
influence. This may contribute to emissions related to the
crops that make up our products, the packaging that holds
them and parts of the transportation system that delivers
Reduce Scope 3 emissions by 40% (measured versus a 2015 baseline) 40% 1%2 (4)%3 (2)%3 them to our customers. We know that turning the tide will
take diligence and time, but we are laying the foundation by
putting substantial support and investment behind climate
action and building resilience in our own operations.

Pending 2023 assurance

We continue to review our goals in the context of new

developments, including business growth, investments
needed to meet the goals and steps necessary to maintain
Reduce total Scope 1, 2 and 3 emissions by more than 40% (measured
>40% 4%2 (1)%3 0%3 Science Based Target alignment (which advises that targets
versus a 2015 baseline)
are reviewed and, if necessary, recalculated and revalidated
every five years at a minimum), as well as external

2023 ESG Performance Metrics

developments.

1
In 2023, we remeasured the 2021 reported results to reflect the 2015 baseline that was recalculated following the divestiture of Tropicana
2 In 2023, we continued to enhance our calculation methodology and reflected the inclusion of additional data. Where actual data was not available, estimated data was used
3 In 2023, we further remeasured the 2015 baseline to reflect the divestiture of Tropicana, enhancements in our calculation methodology and the inclusion of additional data. Where actual data was not available, estimated data was used
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 5

Positive Value Chain: Water

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

After 2023, we will no longer report on this goal. Instead,

our reporting focus will shift to our work to become net
Improve operational water-use efficiency by 25% 25% water positive, including progress against our aggressive
25% 22% 19% 2030 goals aimed at world-class and best-in-class
in high water-risk areas by 20251 (2025 Target)
operational water-use efficiency.
Metric assured since 2015

SEEK TO HAVE NET WATER POSITIVE IMPACT BY ACHIEVING:

Best-in-class water-use efficiency in 100% of high water-risk PepsiCo and third-party manufacturing facilities

High water-risk beverages facilities (liters/liter)2 1.2 1.7 1.7 1.8 Metric assured since 2021

High water-risk convenient foods facilities (liters/kg)3 0.4 2.3 2.4 2.4 Metric assured since 2021

World-class water-use efficiency in all other PepsiCo and third-party manufacturing facilities

2023 results reflect the adverse impact of year-over-year

decrease in production output in certain markets. This had
Non high water-risk beverages facilities (liters/liter)4 1.4 1.8 1.7 1.8 the effect of reducing capacity utilization and water-use
efficiency as a result.
Metric assured since 2021

2023 ESG Performance Metrics

Non high water-risk convenient foods facilities (liters/kg)5 4.4 5.2 5.3 5.0 Metric assured since 2021

1 Measured versus a 2015 baseline. Goal reflects the exclusion of third-party facilities. Between 2006–2015, water-use efficiency improved by 26% in global legacy operations at the date of target setting. World Resource Institute’s Aqueduct water stress assessment tool is used to

reconfirm high water-risk areas every three years

2 Best-in-class water-use efficiency for beverage facilities is defined as 1.2 liters of water (or less) per liter of beverage production. We do not currently capture data from third-party manufacturers and are evaluating how to obtain and include information from our top third-party

manufacturers in future calculations. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years
3 Best-in-class water-use efficiency for convenient foods facilities is defined as 0.4 liters of water (or less) per kg of convenient foods production. We do not currently capture data from third-party manufacturers and are evaluating how to obtain and include information from our top

third-party manufacturers in future calculations. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years
4
World-class water-use efficiency for beverage facilities is defined as 1.4 liters of water (or less) per liter of beverage production. We do not currently capture data from third-party manufacturers and are evaluating how to obtain and include information from our top third-party
manufacturers in future calculations. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years
5 World-class water-use efficiency for convenient foods facilities is defined as 4.4 liters of water (or less) per kg of convenient foods production. We do not currently capture data from third-party manufacturers and are evaluating how to obtain and include information from our top

third-party manufacturers in future calculations. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 6

Positive Value Chain: Water

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

SEEK TO HAVE NET WATER POSITIVE IMPACT BY ACHIEVING (CONTINUED):

Replenishing back into the local watershed more than 100% of the
>100% 69%2 45% 34% Metric assured since 2021
water we use1

Continue to adopt the Alliance for Water Stewardship (AWS) Standard in high water-risk manufacturing areas, by 2025, as a vehicle for water advocacy

Number of high water-risk facilities that have fully adopted

(2025 Target) 27 8 3 Metric assured since 2022
the AWS Standard

Number of high water-risk facilities that are in the process of adopting

(2025 Target) 59 61 31 Metric assured since 2022
the AWS Standard

1 2030 goal tracks replenishment tied to company-owned and third-party facilities in high water-risk areas. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years. The reported replenishment volumes for
company-owned facilities are currently being capped at 100% per location. Once we achieve 100% for each company-owned location, we will start to then report progress of more than 100% replenishment. We do not currently capture data from third-party manufacturers and are
evaluating how to obtain and include information from our top third-party manufacturers in future calculations
2
We continue to measure progress against our original 2025 goal and our extended 2030 goal. World Resource Institute’s Aqueduct water stress assessment tool is used to reconfirm high water-risk areas every three years. In 2022, an updated water risk assessment identified
additional company-owned high water-risk facilities, which are in-scope for calculating progress against our 2030 goal only. Excluding these additional company-owned facilities water usage, we replenished 82% of water used in high water-risk facilities in 2023, representing progress
against our original 2025 goal. See Calculation methodology on ESG Topics A-Z for additional details

2023 ESG Performance Metrics

 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 7

Positive Value Chain: Packaging

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

Cut virgin plastic from non-renewable sources per serving across our
50% 1% (2)% 2% Metric assured since 2021
global beverages and convenient foods portfolio by 50% through:1

Goal expanded
Scaling new business models that avoid or minimize single-use in late 2022
packaging materials (e.g., models that reuse, refill, prepare at with first year
home, utilize concentrates like powders, drops, etc.), with the 20% 10%3 10%4 reporting in Metric assured in 2023
aim of delivering 20% of all beverage servings we sell through 2023. Metric
reusable models by 20302 not measured in
prior years.

Business growth in certain markets, particularly in markets

that do not allow, or have only recently allowed, rPET in food
Reducing our absolute tonnage of virgin plastic derived from
20% (6)% (11)% (5)% grade packaging, has presented challenges to virgin plastic
non-renewable sources by 20%, including by seeking to:1
reduction.
Metric assured since 2021

Our actions include:

— Use market-leading bio-based and renewable materials • Committing to replace plastic rings with paperboard on beverage multipacks in the
U.S. and Canada to reduce the use of non-renewable virgin plastic in our packaging

— Achieve our goal of using 50% recycled content in our plastic packaging 50% 10% 7% 6%
Metric assured since 2021

2023 ESG Performance Metrics

1
Measured versus a 2020 baseline
2 Our total beverage servings account for all beverage sales volume. Reuse models may include, but are not limited to, SodaStream, fountain beverages delivered in reusable containers, returnable glass and plastic bottles, and concentrates and powders sold to consumers
3 Fountain beverages delivered in reusable containers requiring third-party data are not currently measured
4
At the time we announced our new reuse goal, we estimated that approximately 10% of our beverage servings were already in reusable packaging. Fountain beverages delivered in reusable containers requiring third-party data are not currently measured
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 8

Positive Value Chain: Packaging

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

We currently project that, by 2025, we will have designed

98% of our packaging to be recyclable, compostable,
biodegradable or reusable (RCBR) and that 92% of our
Design 100% of packaging to be recyclable, compostable, biodegradable 100%
89% 88% 87% packaging will be overall RCBR—that is, both designed to be
or reusable by 20251 (2025 Target)
RCBR and RCBR based on availability of end of life solutions.

Metric assured since 2021

Our actions include:

• Partnering with peers to develop and expand recycling
infrastructure for flex films See Packaging and Packaging partnerships and
Invest to increase recycling rates in key markets by 2025 (2025 Target) engagement for more information about our efforts to
• Continuing to educate and encourage consumers to recycle
• Continuing to increase and improve recycling infrastructure improve access to recycling.
and building solutions for current and future material streams
through partnerships

1PepsiCo considers packaging to be recyclable, compostable, biodegradable or reusable (RCBR) if certain end-of-life waste management criteria is achieved. See Calculation methodology on ESG Topics A-Z for an explanation of how we calculate the percentage of our packaging
that is RCBR

2023 ESG Performance Metrics

 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 9

Positive Value Chain: People

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

PROVIDE MEANINGFUL JOB AND GROWTH OPPORTUNITIES SO THAT OUR PEOPLE ARE BETTER POSITIONED TO MAKE POSITIVE IMPACTS AT WORK, AT HOME AND IN THEIR LOCAL COMMUNITIES.

Our actions include:

• Continuing to provide fulfilling growth opportunities and career advancement
programs through a variety of programs such as PEP U Degreed. In 2023, employees
Increase the employability of our people through increased access to completed more than 1.5 million hours of learning
• Supporting our associates through our internal talent marketplace myDevelopment. See additional information within our Employee learning and
degrees, skill development and new roles, providing meaningful growth
In 2023, more than 300 associates were assigned and took part in short-term projects development page in ESG Topics A-Z.
opportunities to everyone at every stage
or new opportunities
• Continuing to offer tuition-free opportunities for all U.S. employees to acquire new
skills or refine existing ones through myEducation. In 2023, more than 450 employees
completed a degree or program

Our actions include:

• Expanding the One Smile at a Time program to more than 50 countries around the
world, doubling country count compared to prior year and increasing the number of
Empower our associates with the resources and time needed to build and volunteer events within our communities See additional information within our Philanthropy page in
cultivate prosperity in our communities • Embedding volunteerism into programming throughout 2023, including Global ESG Topics A-Z.
Volunteer Month in April and PepsiCo Gives Back Month in October which totaled to
more than 85,000 volunteer hours during these two months alone. In 2023, employees
donated more than 163,000 hours in volunteering actions around the world

2023 ESG Performance Metrics

 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 10

Positive Value Chain: People

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

ADVANCE EQUALITY, INCLUSIVITY AND HUMAN RIGHTS FOR OUR PEOPLE, ACROSS OUR COMMUNITIES, SO THAT TOGETHER WE CAN ENVISION A BETTER WORKPLACE AND WORLD BY:

Continue to make measurable progress against our Racial Equality Journey goals in the U.S.

Achieve 10% Black representation in U.S. managerial populations1

10% 9.2% 9.0% 8.3%
(2025 Target)

Achieve 10% Hispanic representation in U.S. managerial populations1

10% 10.3% 10.1% 9.5%
(2025 Target)

Our actions include:

• Continuing to increase our engagement and programs at colleges and universities to
cultivate and increase hiring of underserved talent
• Continuing to tailor our tools, resources and skill-building programs to elevate See additional information within our Diversity, equity
Continue to help address inequalities for historically marginalized people business impact, while ensuring DEI is embedded across the talent lifecycle as we strive
and inclusion, Supplier diversity and Employee recruitment
and underserved businesses and communities for equitable outcomes
pages in ESG Topics A-Z.
• Continuing to expand our diverse supplier base across our value chain, and investing
in diverse-owned businesses by providing business-building support services
• Continuing to benchmark ourselves across industry peers to ensure our continual
progress

Achieve and sustain 50% women in management roles

50% 45% 44% 43%
(2025 Target)

Achieve and sustain pay equity for our global professional population by
Women and men continue to be paid within 1% of each other3
maintaining a comprehensive global pay equity review process2

2023 ESG Performance Metrics

Extend the principles of our Supplier Code of Conduct to all of our Our objectives include: See additional information within our Human rights and
(2025 Target) • Engaging with our franchisee and joint venture partners on our
franchisees and joint ventures by 2025 Sustainable sourcing pages in our ESG Topics A-Z.
human rights agenda and priorities

1
To reflect workforce availability of the communities where we operate
2 After controlling for legitimate drivers of pay such as job level, geographic location, and performance ratings; based on base compensation
3 Based on pay equity program implemented in 71 countries that collectively made up more than 99% of our salaried employee population in 2023, 72 countries included in 2021 and 2022 analysis, representing more than 99% of salaried population
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 11

Positive Value Chain: People

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

ADVANCE EQUALITY, INCLUSIVITY AND HUMAN RIGHTS FOR OUR PEOPLE, ACROSS OUR COMMUNITIES, SO THAT TOGETHER WE CAN ENVISION A BETTER WORKPLACE AND WORLD BY (CONTINUED):

Our actions include:

• Sponsoring a child and forced labor prevention initiative through AIM-Progress,
providing deep dive training and child labor remediation guidance to more than 600
Promote fair and safe working conditions by advancing respect U.S. supply chain partners For more information on our salient issues, please see the
for human rights • Sponsoring the Ganapati Initiative through AIM-Progress to build responsible dedicated webpages on our Human rights webpage.
recruitment capacity for suppliers in Thailand and Malaysia
• Collaborating with peers to help address shared issues and catalyze industry action
where possible

Continue to strive for an injury-free work environment1 0.48 0.462 0.513 Metric assured since 2015

Reach 100 million people with safe water access4 100 million >91 million >80 million >68 million

Partner with communities to advance food security and make nutritious

50 million >61 million >58 million >54 million
food accessible to 50 million people5

1 Results reflects lost time incidents per 200,000 hours worked

2
Results reflect the exclusion of SodaStream
3 Results reflect the exclusion of SodaStream and Pioneer Foods
4 Metric counts the cumulative number of people provided with access to safe water since 2006
5 Results represent the cumulative sum of people reached with nutritious meals per annual reporting period through programs funded by the PepsiCo Foundation, as well as through commercial efforts that are intended to provide nutritious meals. Initial target setting for this metric did
not include Pioneer Foods, which delivered accessibility to more than 20 million people in each reported year. The target will be reassessed in the future to fully account for both commercial and charitable efforts. See Calculation methodology in our ESG Topics A-Z for further

2023 ESG Performance Metrics

explanation of how we calculate this goal
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 12

Positive Choices: Expanded portfolio offerings

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

CONTINUE TO INSPIRE POSITIVE CHOICES BY RAISING THE BAR TO IMPROVE THE NUTRITIONAL PROFILE OF OUR PRODUCTS.

Reduce added sugars: ≥ 67% of beverage portfolio volume will have ≤100 ≥67%
62%2 56%3 53%4 Metric assured since 2016
Calories from added sugars per 12 oz. serving1 (2025 Target)

Reduce sodium: ≥ 75% of convenient foods portfolio volume will not ≥75%
72%2 68%3 66%4 Metric assured since 2016
exceed 1.3 milligrams of sodium per Calorie5 (2025 Target)

In 2023, we launched a new goal to reduce sodium further in

our global convenient foods portfolio, considering the latest
Reduce sodium: ≥ 75% of global convenient foods portfolio volume will Goal introduced in 2023. Metric not guidance from public health authorities. The category
meet or be below category sodium targets by 20306 ≥75% 36%7
measured in prior years. targets are approximately 15-30% lower than the company’s
current target for key convenient food categories.
Metric assured in 2023

We have met or exceeded our 2025 target each year since

2021 — but we recognize that our work isn’t done. We will
Reduce saturated fats: ≥ 75% of convenient foods portfolio volume will not ≥75%
77%2 75%3 75%4 need to continue working to find solutions to maintain the
exceed 1.1 grams of saturated fat per 100 Calories5 (2025 target)
nutritional composition of our convenient foods.
Metric assured since 2016

Increase diverse ingredients: Use more diverse ingredients such as Our goal is to ensure each portion will provide
legumes, whole grains, plant-based proteins, fruits and vegetables and 145 billion 75 billion Goal introduced in 2023. Metric not approximately 10% of the suggested daily amount of a
nuts and seeds to deliver 145 billion portions of diverse ingredients portions portions7 measured in prior years. diverse ingredient.8
annually in global convenient foods portfolio by 20305 Metric assured in 2023

2023 ESG Performance Metrics

1
Our global results are based on our Top 26 beverage markets
2 As of 2023, our Top 26 beverage markets represented 78% of our global beverages portfolio volume and our Top 23 convenient foods markets represented 86% of our global convenient foods portfolio volume. Results reflect the exclusion of Be & Cheery portfolio
3 As of 2022, our Top 26 beverage markets represented 78% of our global beverages portfolio volume and our Top 23 convenient foods markets represented 86% of our global convenient foods portfolio volume. Results reflect the exclusion of Be & Cheery portfolio
4
As of 2021, our Top 26 beverage markets represented 79% of our global beverages portfolio volume and our Top 23 convenient foods markets represented 86% of our global convenient foods portfolio volume. Results reflect the exclusion of Be & Cheery portfolio
5 Our global results are based on our Top 23 convenient foods markets

6 Our global results are based on our Top 23 convenient foods markets. Refer to the Sodium ESG A-Z topics page for complete list of food categories
7
As of 2023, our Top 23 convenient foods markets represented 84% of our global convenient foods portfolio volume. Results reflect the exclusion of Be & Cheery portfolio and the exclusion of dairy and baby food categories in Russia and Ukraine
8 Based on published dietary guidelines for select countries, WHO Healthy Diet Fact Sheet and Eat Lancet Planetary Healthy Diet report
 pepsico.com/our-impact/sustainability/esg-summary • pepsico.com/our-impact/esg-topics-a-z 13

Positive Choices: Brands with positive impact

Metrics marked with a star signify
third-party limited assurance
Target metrics 2030 Target 2023 2022 2021 Comments

Our actions include:

Leverage our scaled brands to embody and amplify positive outcomes for • Updating the labeling for our beverage portfolio in the U.S. and Canada to include a
recycling call to action, “Refresh then recycle”
the planet and people, including empowering consumers with transparent
• Continuing to drive positive outcomes through our brands globally, with
environmental labeling on our key products initiatives activated locally staying true to the challenges and opportunities in each
of the markets

2023 ESG Performance Metrics