PepsiCo and SWMC sign MOU to enhance environmental sustainability in Saudi Arabia

The partnership's long-term objective aims to enhance economic development in the Kingdom

  
PepsiCo and SWMC sign MOU to enhance environmental sustainability in Saudi Arabia
  • The first sustainability project under the partnership will be to implement a more environmentally friendly Hajj 

Riyadh, KSA: PepsiCo and the Saudi Waste Management Center (SWMC) have signed a MOU to launch a strategic partnership that will enhance sustainability in the Kingdom. The MOU highlights the two parties’ role in promoting sustainability policies based on international best practices to support a circular economy. The agreement was signed by Dr. Abdullah F. Al Sebaei, CEO and Board Member of Saudi Waste Management Center, and Tamer Mosalam, Vice President, General Manager GCC and Levant Business Unit, at PepsiCo.

The first sustainability project in the partnership will see Aquafina (the brand of purified bottled water produced by PepsiCo) and the Saudi Waste Management Center introduce innovative solutions to facilitate a more environmentally friendly Hajj. To do this, the two parties will provide customized smart bins especially built for the event around Makkah’s holy sites. The smart bins can segregate, and crush plastic bottles to minimize plastic waste. The machines will also operate through solar power and reduce carbon footprint.

Additionally, an Aquafina recycling awareness campaign will encourage pilgrims to actively participate in making sustainable choices. The results of the project will help inform and guide future projects in next year’s Hajj when the Kingdom will once again welcome back millions of pilgrims to the Kingdom.

To produce the smart bins, PepsiCo continues to steadfastly deliver on its commitment to support small and medium enterprises (SMEs) during COVID-19. The company is working with Cycled to deliver customizable Aquafina-branded smart bins for this year’s Hajj.

On this occasion, CEO of Saudi Waste Management Center Dr. Abdullah F. Al Sebaei praised the partnership. He said, “Our partnership with PepsiCo gives us an opportunity to generate more awareness on the importance of sustainable waste collection and develop a pro-active culture of recycling.”

At the same time, Al Sebaei confirmed that the partnership is the first in a series of partnerships for Saudi Waste Management Center that are launching soon, all with the objective of enhancing the private sector’s involvement in driving environmental awareness and developing innovative solutions to enable sustainability.

Vice President, General Manager GCC and Levant Business Unit, at PepsiCo, Tamer Mosalam said, “We are grateful for the opportunity to partner with the Ministry of Environment, Water and Agriculture, represented by Saudi National Waste Management Center. Hajj is a special moment for millions of people around the globe, and we are privileged to play a vital role in making a positive environmental impact at the event. The partnership is a key milestone for us as it marks PepsiCo’s commitment to supporting vital sustainability projects in the Kingdom in line of Vision 2030.”

The strategic vision of partnership aims to develop Saudi Arabia’s circular economy through multiple initiatives based on four pillars: plastic collection and recycling projects, educational school activities, awareness campaigns and event sponsorship with associated activation. With multiple projects planned for each pillar over the next year, efforts by PepsiCo and the Saudi Waste Management Center will also contribute to Saudi Arabia’s own environmental sustainability objectives as part of Vision 2030, which sets out to improve the efficiency of waste management, establishing recycling projects and reducing pollution.

A commitment to sustainability remains high on PepsiCo’s agenda. The company’s brand of purified bottled water Aquafina, headlined activities to advance recycling as an official partner of both the 2019 ABB FIA Formula E Championship in Diriyah, and the 2020 Dakar Rally in Saudi Arabia.

Globally, PepsiCo’s sustainability goal is to ensure that no plastic goes to waste by leading the way in pioneering sound environmental practices and innovations in packaging. As part of PepsiCo’s Winning with Purpose strategy, the company aims to reduce virgin plastic content across its beverage business, increase recycled content in its plastics packaging so that recycling rates are consistently improving.

-Ends- 

About PepsiCo 

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $64 billion in net revenue in 2018, 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. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose.

"Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business.  For more information, visit www.pepsico.com 

For media inquiries, please contact:
Basheer Monther – Devries Global
Basheer.monther@devriesglobal.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases