Positive Value Chain We’re helping build a circular and inclusive value chain. Climate Achieve net-zero emissions across our value chain by 2040; by 2030, reduce our GHG emissions by more than 40% (versus a 2015 baseline), doubling our prior climate goal: • We are investing in zero- and near-zero emission delivery vehicles for our company-owned fleets and partnering with others to support decarbonization of the broader transport industry and improving energy-use efficiency and working to scale renewable fuel solutions at our manufacturing facilities. • In 2021, we reduced our Scope 1 and Scope 2 GHG emissions by 25% versus a 2015 baseline. • In 2021, Scope 3 emissions increased by 5% (versus a 2015 baseline). Water Ensure we have net water positive impact: • Our target to become net water positive by 2030 means achieving best-in-class • Achieving these ambitious goals will require investment and innovation, and we are exploring renewable, non-fossil-fuel-based sources for packaging materials, such as plant- based materials that are safe, efficient and have a lighter carbon footprint than fossil-fuel based plastics. • We’re helping to develop infrastructure, advocating for smart policies and engaging consumers so that packaging never becomes waste. People Provide meaningful jobs and growth opportunities for our people and empower them to make a positive impact at work, at home and in their local communities: • We are providing new programs aimed at making PepsiCo an even better place to work and empowering our associates to make a greater impact on their communities. • We are launching a tuition assistance program giving U.S. associates access to 100+ debt-free degrees, certificates and trades programs. water-use efficiency in high water-risk manufacturing sites, PepsiCo and third- party facilities (for PepsiCo facilities, this equates to a more than 50% reduction in absolute water use against a 2015 baseline), and world-class water-use efficiency in all other manufacturing sites, PepsiCo and third-party facilities. • As of 2021, we’ve improved our operational water-use efficiency by 18% (versus a 2015 baseline) in high water-risk areas, toward our goal of 25% by 2025. Packaging PepsiCo envisions a world where packaging never becomes waste: • We’ve announced ambitious new goals around our aim to reduce our use of virgin plastic, use more recycled content in our plastic packaging and scale business models like SodaStream that avoid or minimize single-use plastic. These new targets complement our 2025 goal of making 100% of our packaging recyclable, compostable, biodegradable or reusable. • We are focused on retaining and growing diverse female talent through mentoring, coaching and development programs throughout career stages. Build a better workplace and world by advancing human rights and diversity, equity and inclusion (DE&I) for our people, in our business partnerships and our communities: • We continue to make progress on our Racial Equality Journey (REJ) in the U.S., a more than $570 million set of commitments launched in 2020 with a focus on three pillars: People, Business and Communities. • We are working to increase women in managerial positions, ensure pay equity across employee groups and promote fair, safe and injury-free working conditions. • In our communities, we are striving toward our goal to bring safe water access to 100 million people since 2006 and advance food security. For more details see ESG Topics A-Z: Climate Change , Water , Packaging, Diversity, Equity and Inclusion pep+ 4 PepsiCo 2021 ESG Summary Overview