US/CANADA – Two industry giants, PepsiCo and Walmart, have joined hands to consolidate US$ 120 million that will be invested in empowering farmers and promoting sustainable agricultural practices in the US and Canada for five years.

Both companies said the collaboration aims to enable and accelerate the adoption of regenerative agriculture practices on more than two million acres of farmland and improve soil health as well as water quality.

The five-year project also aims to deliver approximately four million metric tons of greenhouse gas (GHG) emission reductions and removals by 2030.

PepsiCo’s and Walmart’s businesses are dependent on farmers to grow ingredients used as raw materials and to make delicious products that consumers enjoy every day.

With a supply chain for the two companies that stretches across North America and involves a large volume of critical crops – including potatoes, oats, corn, wheat, soybean, and rice – sustainability will look different from commodity to commodity, region to region, and even farm to farm.

The collaboration between PepsiCo and Walmart offers a voluntary, flexible approach to regenerative agriculture, recognizing the diversity of agriculture and that one size does not fit all.

“Farmers know their business better than anyone else, and what we hear from them is that for regenerative agriculture to make business sense, three things need to happen,” said Jim Andrew, Chief Sustainability Officer, PepsiCo.

“They need economic support, social and cultural support, and agronomic support. This strategic collaboration with Walmart will advance our shared goal to have farmers’ backs as they transform farming in a way that benefits the planet and people.”

Farmers will gain access to modern technologies and data-driven insights that can optimize their crop yields while minimizing environmental impacts.

Additionally, the partnership seeks to enhance farmers’ access to financial resources, ensuring they have the necessary capital to invest in sustainable farming methods and improve their livelihoods.

PepsiCo and Walmart have a shared focus on supporting farming communities while improving soil and water health, as well as lowering carbon emissions.

Through the project, PepsiCo aims to meet its ambitious pep+ (PepsiCo Positive) goals, which include driving the adoption of regenerative agriculture practices across 7 million acres by 2030 – an area approximately the size of PepsiCo’s agricultural footprint.

As well as reducing absolute GHG emissions by more than 40% across its entire value chain by 2030 (against a 2015 baseline) while striving toward net-zero emissions by 2040.

Walmart is prioritizing purposeful collaborations to accelerate the adoption of regenerative practices in line with its goal to protect, restore, or more sustainably manage 50 million acres of land and 1 million square miles of ocean by 2030 along with the Walmart Foundation.

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