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January 22, 2008
Pepsico to Fund Global Clean Water Initiatives
Pepsico, at its Purchase, NY headquarters, announced today that the Pepsico Foundation is to issue grants to the Earth Institute at Columbia University, and partner with H2O Africa, to drive sustainable water practices.
"For PepsiCo and the PepsiCo Foundation, these commitments begin with a desire to address the worldwide water crisis. Water sits at the nexus of so many challenges -- global health through disease transmission, increasing hunger through poor agricultural practices, and even education as children in water-scarce economies are often charged with walking miles to collect water from a distant well instead of attending school. Without clean water, none of the other fundamentals leading to a healthy and prosperous life are possible," said Indra Nooyi, PepsiCo chairman and chief executive officer and PepsiCo Foundation chairman.
"The world's governments have identified access to clean water as one of the key building blocks to ending global poverty. Without it, none of the Millennium Development Goals will be met," added Nooyi. "We believe that the world water crisis is one of the most pressing challenges of our age. As a global food and beverage company, our success depends on being responsible stewards of this limited resource," as reported by the PR Newswire, and published by the San Francisco Examiner.
Posted by Stephen Betheil at January 22, 2008 02:34 PM
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