PURCHASE, N.Y., Aug. 27, 2017 /PRNewswire/ -- PepsiCo and the PepsiCo Foundation have announced a significant cash and product donation to support relief and recovery efforts in the wake of Hurricane Harvey. The company's commitment includes a $1 million grant from the PepsiCo Foundation to the American Red Cross to provide vital resources to hurricane victims across Texas and other impacted communities.
Texas is home to more than 10,000 PepsiCo employees, who with the entire PepsiCo family, are prepared to help local authorities and disaster relief agencies marshal necessary resources to affected areas and address immediate needs. PepsiCo's business units are positioned to provide critical supplies, such as Aquafina purified drinking water, to impacted communities.
"PepsiCo's focus is on helping those in need during this difficult time," said Indra K. Nooyi, chairman and CEO of PepsiCo. "I'm proud that our people and our partners are coming together to provide critical support to help those in Harvey's path sustain themselves during the storm and rebuild in its aftermath."
In addition to the $1 million grant to Red Cross disaster relief following Hurricane Harvey, the PepsiCo Foundation provided $500,000 at the beginning of this year to the American Red Cross' Annual Disaster Giving Program, which helps them with emergency preparedness across the country.
PepsiCo will continue to monitor the situation in Texas and surrounding areas closely and will engage with the American Red Cross and other partners as the needs of these communities become clearer in the days and weeks ahead.
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2016, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our plant and empowering people around the world is what enables PepsiCo to run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
Established in 1962, the PepsiCo Foundation works with non-profit partners to develop innovative, sustainable solutions that address challenges in underserved communities around the world. The Foundation, along with PepsiCo and its employees, seeks to catalyze efforts that advance our Performance with Purpose 2025 goals related to increasing access to nutritious servings, providing access to safe water, partnering to increase recycling rates, and enabling young women to progress through school and be successful in the workforce. For more information, please visit www.pepsico.com/Purpose/Global-Citizenship.