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PepsiCo launches US$1bn bond to fund sustainability initiatives

US snack and drinks giant PepsiCo has announced a US$1bn "green bond" to fund its sustainability programme.

PepsiCo has continued to boost quarterly sales at its North American soft drinks unit despite an ongoing decline in volumes.

The report highlights the companys sustainability progress and a renewed focus to help build a more sustainable food system.

PepsiCo is to open a business service hub in India later this year.

The company has set a target to reduce 35 percent of virgin plastic across beverage brands by 2025.

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