PepsiCo CEO on climate change, sustainability: Yahoo Finance at Davos

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Climate change, future of work, and geopolitics are among the key topics at the World Economic Forum in Davos, Switzerland. PepsiCo (PEP) is no stranger to sustainability as the company launched PepsiCo Positive, with the goal of reaching net zero carbon emissions by 2040.

In an exclusive interview, PepsiCo CEO Ramon Laguarta joins Yahoo Finance Executive Editor Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss climate change, sustainability, and more.

It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.

Editor's note: This article was written by Nicholas Jacobino

Video Transcript

BRIAN SOZZI: PepsiCo is the drink of choice here at the World Economic Forum in 2024. And lucky for us here at "Yahoo Finance," we are joined by PepsiCo chairman and CEO, Ramon Laguarta. Ramon, good to get some time with you. And yes, it is a top product here, I've been drinking it all week.

RAMON LAGUARTA: Yeah, that's good. That's why you have so much energy.

BRIAN SOZZI: Yeah, it's a good point. So talk to us about some of the priorities for you here on the ground at the World Economic Forum.

RAMON LAGUARTA: This is a very important week for us. It's an important week in terms of learning, especially, it's a unique opportunity for me to see people from different industries, get a cross-industry understanding of what's going on around the world, geopolitics, forecasting for economy.

But then, from the PepsiCo out, our focus is food systems transformation. We want to-- we've been working on food system transformation for a long time. As you know, we're a large food company. You mentioned Pepsi, but we have Lay's, we have Doritos, we have Quaker, we have many other brands. So food is a large part of our business.

We think that the food system needs to be transformed to make it sustainable, to make it profitable for the farmer. And that's something we've been working on for a long time. The transformation will happen one farmer at a time. And a lot of our efforts is convening an ecosystem of players that can help transforming that farmer-- one at a time, technical understanding, financial knowledge, cultural disruption for them in how they adopt new practices that will make them more sustainable long term will protect the soil and will make agriculture more sustainable. And that's our focus for this week.