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Indra K. Nooyi Chairman and Chief Executive Officer

We are stewards of a great company with the imperative not only to make a profit but also to do so in a way that makes a difference in the world.

One of the key business lessons of the early 21st century is that a company can increase its value by acting on its values. Since 2006, PepsiCo has been transforming the way we do business so we can deliver strong financial returns in a way that is responsive to the needs of the world around us – an approach we call Performance with Purpose.

We are reducing added sugars, saturated fat and salt in many of our products while continuing to expand our lineup of nutritious foods and beverages.

We are improving our operational water use and energy efficiency, cutting down our packaging and waste, and promoting responsible agricultural practices around the world, not only reducing our impact on the environment but also lowering our costs.

We are building a workplace that continues to attract the world’s best and brightest.

And we are doing all of this while delivering strong financial performance, increasing our net revenue by nearly 80 percent and outperforming the S&P 500 between 2006 and 2015.

Simply put, Performance with Purpose is not about changing the way we spend money — it’s about changing the way we make it.

Yet despite all the progress our company has made, our work is far from complete. There are major challenges to overcome around the globe. From obesity and undernutrition to resource scarcity and climate change to injustice and inequality of all kinds, we must stop and ask ourselves what more we can be doing — not only for our shareholders but also for the world all of us inhabit.

That is why last year we redoubled our focus on Performance with Purpose and renewed our goals for the next decade. In doing so, we believe we are paving the way for PepsiCo’s future growth and helping others thrive.

Our updated goals have been informed by many of the world’s leading experts and institutions. We have closely mapped our plans against the United Nations Sustainable Development Goals, so we can help advance a shared global agenda. We have worked to respond to the expectations of our investors and stakeholders. And we are focusing on areas where we believe PepsiCo can achieve the greatest impact by leveraging our people, capabilities and global partnerships.

As our journey enters its next phase, we will continue to set our sights high. We will strive to always show courage. And we will embrace change, along with the opportunity for leadership that comes with it, recognizing that we are stewards of a great company with the imperative not only to make a profit but also to do so in a way that makes a difference in the world.