Walmart and PepsiCo have teamed up to raise $120 million over seven years to help U.S. and Canadian farmers improve soil health and water quality on their land.
The companies said Wednesday that their collaboration aims to speed the adoption of regenerative agricultural practices on more than 2 million acres of farmland. It will also cut about 4.4 million tons of greenhouse gas emissions by 2030.
“At Walmart, our sustainability strategy is built to make the everyday choice the sustainable choice for our customers,” said Jane Ewing, Walmart Inc.’s senior vice president for sustainability.
Ewing said working with PepsiCo on the project “is a great example of how we are prioritizing the expansion of regenerative agricultural practices across North America so that we can continue to make quality products affordable and accessible to our customers.” She said the companies want to create a model that others can use across product categories.
Walmart and the Walmart Foundation have a goal to protect, restore or more sustainably manage 50 million acres of land and 1 million square miles of ocean by 2030.