PepsiCo India won the 2019 ACE award

Updated: Nov 01,2019 17:23 IST

Vikram Sharma

PepsiCo India won the 2019 ACE award
PepsiCo India was awarded the 2019 Secretary of State's Award for Corporate Excellence (ACE) by the US Secretary of State Mike Pompeo on 31 October.

PepsiCo India wins ACE Award 2019:

PepsiCo's regional arms, PepsiCo India, was awarded the 2019 Secretary of State's Award for Corporate Excellence (ACE). The award was presented by the US Secretary of State Mike Pompeo on 31 October.  It has been named the winner of the award because of sustainable operations in the multinational enterprise category for its sustainable farming initiative in India.

Awarded for:

The award recognized PepsiCo India's efforts to save more than 17 billion litres of water. The company saved water through community water programmes which positively impacted 60,000 community members. The award appreciates the company's sustainable operations for its sustainable farming initiative in India. 

PepsiCo India:

PepsiCo India was established in 1989. It is one of the largest MNC food and beverage businesses in the country. PepsiCo India is India's largest purchaser of potatoes. The company uses the potatoes to power good, sourcing sustainably from 24,000 small Indian farmers. The company runs a program that aimed to replenish water in the stressed areas, through which it has restored nearly five billion litres of water.

Other awardees:

The other recipients of the award are:
♦ Chambers Federation, the Democratic Republic of the Congo
♦ Procter and Gamble Asia Pacific in Singapore
♦ Agilis Partners in Uganda

Award for Corporate Excellence (ACE):

ACE was established in the year 1999. The first recipient of the award is Xerox, Brazil, and F.C. Schaffer & Associates, Ethiopia. The award recognizes US companies that promote and uphold high standards as responsible members of their communities where they do business.

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