Riyadh, Saudi Arabia: PepsiCo, the global Food and Beverage (F&B) company, has announced its strategic partnership with the Future Investment Initiative (FII) Institute, joining the Institute’s list of international partners.
FII Institute is a leading nonprofit foundation with an investment arm and one agenda: “Impact on Humanity.” Global, inclusive, and driven by data, it fosters great minds from around the world and turns ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
The Institute’s aim is to work towards finding real-world solutions to today’s most pressing challenges. Along with its partners, FII Institute convenes leaders and changemakers from business, investment, government, NGOs and beyond to explore and address the top economic, political and social trends and challenges of today.
The partnership will see PepsiCo and FII Institute launch a one-year strategic agreement. The two entities will work together to establish a range of initiatives and programs advancing economic development, and empowering communities. The partnership will also place an emphasis on promoting sustainability, a key focus area for both entities.
Aamer Sheikh, Chief Executive Officer MENA, PepsiCo, said: “Our partnership with FII Institute and participation at the flagship FII conference this year underscores our unwavering dedication to nurturing innovative growth. At PepsiCo, we eagerly anticipate the opportunity to connect with visionary leaders and essential stakeholders, as we embark on an exciting journey to propel transformative change. By harnessing our collective strengths, we will revolutionize consumer experiences, champion sustainability, and lead the way towards a more resilient and prosperous future.”
Richard Attias, CEO of the FII Institute, added: “Over the years, we have cultivated an expansive network of international partners equally committed to making an Impact on Humanity. We are pleased to welcome PepsiCo as our latest partner and look forward to working closely with the F&B leader to drive transformation and propel our initiatives even further.”
As a strategic partner, PepsiCo will showcase its many sustainable initiatives, including pep Positive — its strategic end-to-end transformation with sustainability at the center of how the company creates growth and value — at the 7th edition of the Future Investment Initiative (FII) in Riyadh happening later this month.
The F&B leader is also set to announce new initiatives introduced at this year’s conference, through multiple engagements.
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 $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, and Quaker. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.
About FII Institute
The Future Investment Initiative (FII) Institute is a global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and driven by data, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.