We’re charting a new course to drive positive action for the planet and people. We’re evolving how we source our ingredients and make and sell our products, and how we inspire people through our brands. pep+ has three pillars: Positive Agriculture Positive Value Chain Positive Choices Positive Agriculture We’re working to source our crops and ingredients in ways that restore the earth and strengthen farming communities. Agriculture We’re supporting regenerative agricultural practices that aim to make soil healthier, sequester carbon, improve watershed health and biodiversity, and strengthen farmer livelihoods. We’re working closely with our farmers and intermediary suppliers to embed these practices throughout our agricultural supply chain. In 2021: • We spread regenerative agriculture practices to more than 345,000 acres, toward our goal of 7 million acres by 2030. • Globally, more than 90% of our grower-sourced crops were sustainably sourced through our Sustainable Farming Program. • We continued working with USAID on a 5-year, $20 million partnership to support women- owned and women-led enterprises. • We committed $5 million to reduce greenhouse gas emissions in agriculture through AgMission. • As of 2020, we reached 14% of our 2025 goal to improve water-use efficiency by 15% (versus a 2015 baseline), in high water-risk watersheds where we directly source our crops. For more details see ESG Topics A-Z: Agriculture pep+ 3 PepsiCo 2021 ESG Summary Overview