USA – PepsiCo has named Simon Lowden as its first Chief Sustainability Officer as company advances its agenda to help build a more sustainable food system.

In this new role, effective immediately, Lowden will be responsible for leading PepsiCo’s Sustainability Office, including the Global Sustainable Plastics team and Global Sustainable Operations team.

To further strengthen its sustainability agenda, the food and beverage giant has also announced that it has priced the company’s first ever Green Bond priced at US$1 billion to fund key sustainability initiatives.

The company intends to use Green Bonds net proceeds in sustainable plastics and packaging,     decarbonization of operations and supply chain and water sustainability.

“PepsiCo is deeply committed to using our scale for good and advancing the purpose behind our sustainability agenda: to help build a more sustainable food system,” said Ramon Laguarta, PepsiCo Chairman and CEO.

“Issuing a bond focused on environmental sustainability reflects our deep commitment to the priorities laid out in our recent Sustainability Report and represents another step in our plan to become a faster, stronger, better company.

“As Chief Sustainability Officer, Simon will play a critical role in this effort, and I am thrilled he has agreed to take on such an important responsibility.”

Lowden brings a wealth of critical experience and passion to his new position having have led PepsiCo’s Plastics Council and spearheading the company’s Global Sustainable Plastics agenda for the past year.

He has also held numerous leadership positions across both foods and beverages, in North America and globally, throughout his 23-year career with PepsiCo and most recently served as President of the Global Foods Group, where he oversaw a period of impressive growth.

Prior to his appointment in Global Foods Group, Lowden had roles as Chief Marketing Officer (CMO) of North America Beverages and CMO of PepsiCo International.

“I am proud PepsiCo has issued its first Green Bond to address global challenges like carbon emissions, access to clean water, and plastic waste, and that the company continues to be a leader in tackling critical sustainability issues,” said Lowden.

“This offering reflects our commitment to Winning with Purpose and being part of global solutions by further integrating sustainability into our business and our brands.

“I look forward to working with our many stakeholders around the world—including communities, consumers, customers, governments and NGOs—to advance this vital agenda.”

In September, PepsiCo released its 2018 Sustainability Report, highlighting agriculture, water, packaging, products, climate and people as six priority areas where the company believes it can make the best contribution along with eight ambitious and measurable goals.