PepsiCo abandoned a commitment it made to shareholders for 20% of all beverage servings to be delivered in reusable or refillable packaging and diminished a second commitment to reduce its use of virgin plastic by 20%.
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Today, As You Sow announced that the U.S. Securities and Exchange Commission (SEC) has determined that shareholder representative As You Sow’s proposal calling for Pepsi Co to reduce its use of non-recyclable flexible plastic packaging, should remain on the Company’s proxy statement.
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