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PepsiCo's 'pep+' transformation plan includes slashing plastic use, expanding SodaStream business

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Shares of PepsiCo Inc. unveiled "pep+" on Wednesday, which the food and beverage giant calls its plan of transformation to create growth and value with sustainability to be net water positive by 2030 and achieve net-zero emissions by 2040. Pepsico's stock gained 0.4% in premarket trading. Among the pep+ goals, cutting virgin plastic per serving by 50% for food and beverage brands by 2030, using 50% recycled content in its plastic packaging and growing the SodaStream business with an aim to avoid more than 200 billion plastic bottles by 2030. The company plans to evolve its portfolio into more sustainable places, including...