In a powerful legal action, the New York State Attorney’s Office filed a lawsuit against soft drink and snack giant PepsiCo, accusing it of polluting the Buffalo River with its disposable plastic packaging. The indictment alleges that these containers pose a threat to public health and that the company has misled the public about its efforts to remove them.

According to the complaint, the vast majority of plastics collected annually on the banks of the Buffalo River, located in the northwest of the state, are bottles, caps and snack wrappers that decompose forming microplastics, with PepsiCo being the most prevalent brand, far surpassing to others.

In an investigation carried out by the authority in 2022 on the types of plastic found in 13 points of the Buffalo River and its slope, more than 2,600 objects with recognizable marks were identified, 73% being plastic. Of the total, 17% were PepsiCo products (328), compared to 5.7% for McDonald’s (109) and 4.2% for Hershey (80).

The Prosecutor’s Office argues that the company is responsible for a “public harm” against the residents of Buffalo and its surroundings, given that microplastics have been detected both in the town’s drinking water supply from Lake Erie, near the mouth , as in the fish of both waters.

Accusation of increase in the use of plastics against PepsiCo

In addition to pollution, the Prosecutor’s Office accuses PepsiCo of appearing to make progress in reducing the use of non-recycled or virgin plastics in its packaging, when in reality it has increased its use in the last four years, experiencing an increase of 11% in 2022 alone. , according to the authority, attributing the figure directly to the company.

In response, the Prosecutor’s Office seeks compensation for damages, urges the company to stop and remedy the pollution, and demands measures to reduce the amount of plastic packaging in the Buffalo River, as well as the inclusion of “appropriate” notices on the packaging.

“All New Yorkers have a basic right to clean water, but PepsiCo’s irresponsible packaging and marketing endangers Buffalo’s water supply, environment and public health,” U.S. Attorney Letitia James said in the statement.

K. Tovar

Source: Bancaynegocios

(Reference image source: WrS.tm.pl, Unsplash)

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The multinational ‘snacks’ and soft drinks PepsiCo closed the second quarter with an attributable net profit of 2,748 million dollars, which is equivalent to an advance of 92.3 % compared to the same period of the previous year, according to the accounts published by the company, which has revised its expectations for 2023 upwards.

The results of the American company in the second quarter of last year were exceptionally penalized by the adverse impact of the impairment of the value of the assets and write-offs of the company in Russia.

Net income in the quarter amounted to 22,322 million dollars, 10.4 % more in absolute values and 13 % more in organic data, which excludes the impact of the exchange rate and variations in the company’s accounting perimeter.

The multinational applied in the quarter a price increase of 15 % on average, which reached 2 % in Europe, while the volumes sold decreased by 2 %.

Between April and June, PepsiCo increased sales of Frito-Lay by 14 %, up to 5,904 million dollars and those of PepsiCo Beverages North America by 10 %, up to 6,755 million dollars.

In the case of Europe, the multinational’s sales increased by 13 %, up to 3,428 million dollars and 18 % in Latin America, up to 2,856 million dollars.

In Asia-Pacific, Australia and New Zealand, PepsiCo’s turnover increased 1 %, to 1,127 million dollars, while in Africa, the Middle East and Southeast Asia it fell 8 %, to 1,568 million dollars.

“We are very satisfied with our performance in the second quarter, since our commercial momentum continues to be solid,” said the president and CEO of the multinational, the Spanish Ramón Laguarta,

“Our strong performance and the progress we are making on our strategic priorities give us confidence that the investments we are making to become an even faster, even stronger and even better organization,” the executive added.

In this way, in the first semester PepsiCo obtained an attributable net profit of 4,680 million dollars, 17.7 % lower than that recorded in the first half of last year, while net income totaled 40,168 million dollars, 10.3 % more.

Source: dpa

(Reference image source: WrS.tm.pl, Unsplash)

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