PepsiCo has unveiled the third year of its Positive Agriculture Outcomes (PAO) accelerator, a global initiative to address critical agriculture challenges while advancing its pep+ (PepsiCo Positive) agenda.
As part of this program, the company supports eight innovation projects across nine countries, including a project with Australian grain growers to test and validate soil health management practices to reduce greenhouse gas emissions on farms.
PepsiCo’s PAO accelerator will provide co-investment to local farming communities to accelerate diverse and results-driven positive agriculture projects and funding for ag-tech startups that offer proven products or technology with the potential to scale.
“With this latest round of projects, we’re not only fostering a powerful network of innovators across global farmland but growing closer to achieving a more regenerative future, with farmers’ insight at the forefront,” said Margaret Henry, VP of sustainable and regenerative agriculture, PepsiCo.
Since its launch in 2021, the PAO accelerator has supported various projects, including adopting efficient irrigation systems in response to increased drought, developing kilns to turn agricultural waste into fertiliser, and improving soil health.
PepsiCo said it will continue to offer funding to diverse projects that build resiliency through climate-related analysis, improve soil health, and strengthen farms’ climate resilience.