Executive Briefings

Coke, Pepsi Square Off in Water War

The cola wars may be ancient history, but Coca-Cola and PepsiCo are facing off again. This time, it's about water.

CEOs, NGOs and government officials are gathering in Stockholm for the UN's World Water Week to address water availability challenges. This also means companies and entire countries are announcing water efficiency and safety targets and accomplishments. Two of these private sector announcements come from Coke and Pepsi.

On Monday, Coca-Cola said the company and its bottling partners have met their goal to replenish the equivalent amount of water used in their global sales volume back to nature and communities. They also improved water use efficiency by 2.5 percent from 2014 to 2015, adding to a cumulative 27 percent improvement since 2004.

Also on Monday, PepsiCo said it reduced operational water use by 26 percent last year, compared to a 2006 baseline, and has now saved $80m over the past five years through water conservation efforts. Additionally, the company said its charitable arm, PepsiCo Foundation, has now provided 9 million people with access to safe water since 2006 through partnerships with nonprofits.

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CEOs, NGOs and government officials are gathering in Stockholm for the UN's World Water Week to address water availability challenges. This also means companies and entire countries are announcing water efficiency and safety targets and accomplishments. Two of these private sector announcements come from Coke and Pepsi.

On Monday, Coca-Cola said the company and its bottling partners have met their goal to replenish the equivalent amount of water used in their global sales volume back to nature and communities. They also improved water use efficiency by 2.5 percent from 2014 to 2015, adding to a cumulative 27 percent improvement since 2004.

Also on Monday, PepsiCo said it reduced operational water use by 26 percent last year, compared to a 2006 baseline, and has now saved $80m over the past five years through water conservation efforts. Additionally, the company said its charitable arm, PepsiCo Foundation, has now provided 9 million people with access to safe water since 2006 through partnerships with nonprofits.

Read Full Article