Clinton Foundation and PepsiCo Launch Strategic Partnership

Clinton Foundation and PepsiCo Launch Strategic Partnership to Spur Social and Economic Development in Emerging Markets
Inaugural Project Focused on Improving Livelihood of Smallholder Cashew Farmers in Maharashtra, India
PepsiCo to Source Vitamin-Rich Cashew Fruit to Further Enhance Nutritional Quality of Juice Products in India

New York, NY— The Clinton Foundation and PepsiCo, Inc. (NYSE: PEP) announced a strategic partnership to spur social and economic development in emerging markets through a unique social enterprise model. The partnership's inaugural project was launched in Maharashtra, India with an agriculture initiative to source vitamin-rich cashew fruit from smallholder farmers, an arrangement that is expected to create an important new ingredient supply for PepsiCo’s local juice business while simultaneously improving the livelihood of thousands of cashew growers in the region.

Through the Clinton Foundation’s Clinton Giustra Enterprise Partnership model, founded by President Bill Clinton and philanthropist Frank Giustra, this initiative will apply modern agricultural techniques to improve cashew farming practices, boost yield and productivity, and increase income for local smallholder farmers. It will also scale up and strengthen India’s cashew supply chain to build the future potential of a domestic and export market.