PepsiCo to increase use of reusable packaging

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PepsiCo Inc. PEP, -0.11% said Monday it plans to double the percentage of all beverage servings it sells through reusable models to 20% by 2030 from 10% now. The beverage and snack giant said the goal is part of its PepsiCo Positive effort to put sustainability and people at the center of how the company will create growth and value. Reuse of containers is also a part of its plan to reduce virgin plastic per serving by 50% by 2030 and to become Net Zero by 2040. Share of PepsiCo fell 0.2% in premarket trades. The stock is up 6.9% in 2022 compared to a 14.6% loss by the S&P 500 SPX, -0.12%.

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