Question: 5. Sustainability Alignment [half to one page] This section relates to the sustainability assessment you developed in Group Assignment 1. a) Stakeholders and Materiality Assessment
5. Sustainability Alignment [half to one page]
This section relates to the sustainability assessment you developed in Group Assignment 1.
a) Stakeholders and Materiality Assessment How does the project relate to the preliminary sustainability assessment? Which material issue is the project addressing?
b) Choice Rationale Are there alternative projects the company could do to address this issue? Why did you choose this one?
6. Cost and Resources [half page]
What are the resources you will need to implement your project? List and describe the top 5-10 resources (e.g., hiring a consultant, procuring necessary materials). Describe what they are and how they will be utilized.
Note: You are not expected to put dollar amounts to the cost items. However, you may suggest ballpark estimates if you are able to do so.
We have decided to adress water scarcity as our sustanibale problam and and water recycling as our new project to tackle this problem
I will add materiality assesment from assigment 1 for refernces
Description of Issue Identify and describe the sustainability issue and how it relates to your company. What are the SDGs relevant to this issue? Visit the SDG Compass website to identify at least 2 3 SDGs related to this issue. Water stewardship: The proper management and use of water resources to guarantee their long term availability and quality is known as "water stewardship," which is a sustainability issue. Given that water is a scarce resource and that demand for water is rising as the world's population rises, it is essential to use water resources wisely and sustainably. For PepsiCo's operations, water is a crucial resource because it is required for several production processes, including washing, blending, and cooling. By 2025, PepsiCo plans to cut its water use in manufacturing activities by 25%. The business has also put in place a number of water saving measures, including investing in water efficient technologies and utilizing recycled water. With collaborations and programs focused at enhancing water access and quality, PepsiCo is working to safeguard water resources in the communities where it operates in addition to minimizing its water footprint (PepsiCo). PepsiCo acknowledges that water management is a critical sustainability issue for both its business and the environment. They have made a number of efforts to cut back on water use and enhance water quality, proving their dedication to sustainability and responsible water management.
Description of Issue Identify and describe the sustainability issue and how it relates to your company. What are the SDGs relevant to this issue? Visit the SDG Compass website to identify at least 2 3 SDGs related to this issue. Packaging waste: Packaging waste is one of the significant sustainability issues that are affecting the environment worldwide. PepsiCo is a major producer of packaged beverages and snacks, which generates a significant amount of waste. To address this issue, PepsiCo has set a goal to design 100% of its packaging to be recyclable, compostable, or biodegradable by 2025. The company is also investing in innovative packaging solutions, such as lightweighting and using recycled content. PepsiCo is also working with stakeholders across the value chain, including suppliers, consumers, and governments, to promote recycling and reduce litter (Packaging). Packaging waste is a serious sustainability issue that has an impact on the environment, so it is critical that companies like PepsiCo take accountability and address the issue. PepsiCo has made significant commitments to environmentally friendly packaging and is trying to meet its objectives by 2025.
Description of Issue Identify and describe the sustainability issue and how it relates to your company. What are the SDGs relevant to this issue? Visit the SDG Compass website to identify at least 2 3 SDGs related to this issue. Climate change: Climate change is a critical sustainability issue that affects the entire planet. It has significant implications for businesses across all industries, including PepsiCo. As a global leader in the food and beverage industry, PepsiCo recognizes the impact of climate change and has taken proactive measures to address it. One of the key ways in which climate change affects PepsiCo is through the availability and cost of raw materials. Climate change can lead to droughts, floods, and other extreme weather events that can disrupt agriculture and affect the production of crops such as potatoes, corn, and other key ingredients used in PepsiCo products. To address this issue, PepsiCo has made a commitment to sustainable agriculture and is working to reduce the environmental impact of its agricultural supply chain. PepsiCo recognizes that climate change poses a significant risk to its business and the communities where it operates. The company has set ambitious targets to reduce greenhouse gas emissions across its value chain, including a 40% reduction in emissions from its operations by 2030. To achieve this goal, PepsiCo is investing in renewable energy, improving energy efficiency, and transitioning to low carbon transportation. The company is also working with suppliers to reduce emissions from agricultural inputs and packaging materials (Climate Change).
What are the SDG impacts on the company What and how big are the risks or opportunities that this SDG has for the company? What is the company risking by not doing something to improve its performance on this SDG? What are the company impacts on the SDG What and how big are the impacts (positive/negative) that the company can have on this SDG? How much can the company contribute to this SDG if it decides to act on it? Which stakeholders are most concerned? Why? Access to fresh, clean water and sanitation are basic human rights and are critical sustainable development challenges and benefit to Pepsico in doing their business (SDG6, Compass). Companies are able to make a positive contribution to improve water and sanitation management and governance that addresses their risks while contributing to sustainable development through the alleviation of water challenges by adopting a water stewardship strategy that addresses the economic, environment, and social dimensions of water (SDG 6: Ensure Availability and Sustainable Management of Water and Sanitation for All SDG Compass). Stewardship also reduces operational costs; protects the company from ensuing water stress; and improves the companys image in the eyes of consumers, investors, and nearby communities. It asks companies not only to ensure their operations are efficient and clean, but that companies actively promote sustainable water management in the river basins in which they operate(SDG 6, Compass). Mostly concerned stakeholders are consumers, the community, and investors. For the consumers and community when the company actively promotes sustainable water management in the river basin in which they operate they get to benefit by consuming safe water which will be beneficial to their health while for the investors, the major ingredients used by Pepsico is water which when there is contamination in the production of the beverage, it will definitely affect their investment in the company. SDG Icon
What are the SDG impacts on the company What and how big are the risks or opportunities that this SDG has for the company? What is the company risking by not doing something to improve its performance on this SDG? What are the company impacts on the SDG What and how big are the impacts (positive/negative) that the company can have on this SDG? How much can the company contribute to this SDG if it decides to act on it? Which stakeholders are most concerned? Why? Oceans are the planets life support that regulates the global climate system. It provides natural resources including food, materials, substances, and energy for Pepsico company (SDG 14: Conserve and Sustainably Use the Oceans, Seas and Marine Resources for Sustainable Development SDG Compass). Oceans face the threats of marine and nutrient pollution, resource depletion, and climate change, all of which are caused primarily by human actions, the company. These threats place further pressure on environmental systems, like biodiversity and natural infrastructure, while creating global socio economic problems, including health, safety and financial risks. The company's activity is endangering the oceans, seas, and aquatic animals (SDG 14: Conserve and Sustainably Use the Oceans, Seas and Marine Resources for Sustainable Development SDG Compass). The consumer and community are the most concerned because h ealthy oceans and seas are essential to human existence and life on Earth. They cover 70 percent of the planet and provide food, energy, and water(Environment). When pollution occurs as a result of a company's waste disposal to the ocean, the contamination will have an adverse effect on the ocean and sea and as a result, the community is majorly affected because they are the major consumer of food, water, and energy which is essential to human development (SDG 14, Compass)
What are the SDG impacts on the company What and how big are the risks or opportunities that this SDG has for the company? What is the company risking by not doing something to improve its performance on this SDG? What are the company impacts on the SDG What and how big are the impacts (positive/negative) that the company can have on this SDG? How much can the company contribute to this SDG if it decides to act on it? Which stakeholders are most concerned? Why? Climate change poses significant risks to pepsico and the communities where they operate. It has an impact on the quantity and quality of agricultural raw materials available for their products, creates weather patterns that affect the operation of our facilities and supply chain, and affects the availability and quality of water(Climate Change, Pepsico The company affects climate through anthropogenic carbon emissions of CO2 and other greenhouse gasses (SDG 13: Take Urgent Action to Combat Climate Change and Its Impacts SDG Compass). Pepsi's interest is to reduce greenhouse gas (GHG) emissions for the benefit of society, and also for their business(Climate Change, PepsiCo). Companies can contribute to this SDG by decarbonizing their operations and supply chains through continuously improving energy efficiency, reducing the carbon footprint of their products, and setting ambitious emissions reductions targets in line with climate science(SDG 13, Compass). The most concerned stakeholder is the community because they are affected by public health crises, food scarcity, and geographical instability which is very dangerous to human existence(existence((Climate Change, Pepsico SDG Icon
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
