Pepsico and Walmart Collab in $120M Agro Partnership
Pepsico and Walmart Collab in $120M Agro Partnership Environment + Energy Leader
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Pepsico and Walmart Collaborate to Support Sustainable Agriculture
Introduction
Pepsico and Walmart have announced a new seven-year collaboration to support farmers in the United States and Canada. With a combined investment of $120 million, the collaboration aims to promote sustainable agriculture practices and achieve the Sustainable Development Goals (SDGs).
Improving Soil Health and Water Quality
The collaboration between Pepsico and Walmart will primarily focus on improving soil health and water quality. The goal is to accelerate the adoption of regenerative agriculture practices on over 2 million acres of farmland. By implementing these practices, the companies aim to reduce approximately 4 million metric tons of greenhouse gas emissions and removals by 2030.
Significance of Pepsico and Walmart
Pepsico and Walmart are two of the largest companies in the United States, both heavily reliant on farmers for their products. Pepsico reported net revenue exceeding $86 billion in 2022, while Walmart’s fiscal revenue for 2023 reached $611 billion. These companies employ 2.1 million associates globally.
Regenerative Agriculture
Regenerative agriculture is a farming method that aims to increase yields and improve land health. It focuses on protecting biodiversity and nurturing soil health, leading to positive environmental impacts. General Mills, another major consumer packaged goods company, has also announced initiatives to promote regenerative agriculture.
Impact on Supply Chain
The collaboration’s regenerative agriculture focus will impact the supply chain of both companies across North America. This includes a wide range of crops such as potatoes, oats, corn, wheat, soybean, and rice. The collaboration will have a flexible approach, allowing farmers to actively participate and recognize the diversity of agriculture.
Quotes from Farmers
Jeff Huffman, owner and operator of Island Farms in Maxwell, Nebraska, expressed his support for regenerative agriculture, stating that it benefits both the environment and the profitability of farmers’ businesses. He emphasized the importance of using fewer resources while achieving higher crop yields.
Pepsico’s Commitments
Pepsico aims to drive the adoption of regenerative agriculture practices across 7 million acres by 2030 as part of its pep+ (Pepsico Positive) goals. The company also aims to reduce absolute greenhouse gas emissions by more than 40% across its entire value chain by 2030 and achieve net-zero emissions by 2040.
Walmart’s Goals
Walmart’s sustainability goals include protecting, restoring, or sustainably managing 50 million acres of land and 1 million square miles of ocean by 2030, in collaboration with the Walmart Foundation.
Conclusion
The collaboration between Pepsico and Walmart demonstrates their commitment to sustainable agriculture and the achievement of the SDGs. By promoting regenerative agriculture practices, these companies aim to improve soil health, reduce greenhouse gas emissions, and create a model that can be replicated by other brands.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality. | – Adoption of regenerative agriculture practices – Improvement in soil health and water quality – Reduction of greenhouse gas emissions and removals |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning. | – Reduction of greenhouse gas emissions and removals |
| SDG 15: Life on Land | 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements. | – Adoption of regenerative agriculture practices – Improvement in soil health and water quality |
| SDG 17: Partnerships for the Goals | 17.16: Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries. | – Collaboration between Pepsico and Walmart to support farmers with investments in financial, agronomic, and social programs |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 2: Zero Hunger
- SDG 13: Climate Action
- SDG 15: Life on Land
- SDG 17: Partnerships for the Goals
The issues highlighted in the article are connected to these SDGs because they involve sustainable food production systems, climate change measures, conservation of ecosystems, and partnerships for sustainable development.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality.
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning.
- Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements.
- Target 17.16: Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries.
These targets are relevant to the issues discussed in the article as they focus on sustainable food production, climate change integration, ecosystem conservation, and partnerships for sustainable development.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Adoption of regenerative agriculture practices
- Improvement in soil health and water quality
- Reduction of greenhouse gas emissions and removals
- Collaboration between Pepsico and Walmart to support farmers with investments in financial, agronomic, and social programs
These indicators can be used to measure progress towards the identified targets. The adoption of regenerative agriculture practices, improvement in soil health and water quality, and reduction of greenhouse gas emissions and removals are indicators of progress towards sustainable food production systems, resilient agricultural practices, and climate change integration. The collaboration between Pepsico and Walmart to support farmers with investments in financial, agronomic, and social programs is an indicator of progress towards partnerships for sustainable development.
4. SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality. | – Adoption of regenerative agriculture practices – Improvement in soil health and water quality – Reduction of greenhouse gas emissions and removals |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning. | – Reduction of greenhouse gas emissions and removals |
| SDG 15: Life on Land | 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements. | – Adoption of regenerative agriculture practices – Improvement in soil health and water quality |
| SDG 17: Partnerships for the Goals | 17.16: Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries. | – Collaboration between Pepsico and Walmart to support farmers with investments in financial, agronomic, and social programs |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: environmentalleader.com
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