PepsiCo hit with lawsuit over allegedly misleading its customers: 'False and deceptive'
A nonprofit organization has taken legal action against one of the world's largest food and beverage corporations for "false and deceptive marketing."
The Plastic Pollution Coalition announced it filed the complaint against PepsiCo in the District of Columbia Superior Court earlier this month. It's the latest in a string of lawsuits involving corporations and potentially misleading claims about environmental practices — also known as greenwashing.
In the complaint, PPC said PepsiCo falsely stated that the packaging for Aquafina water does not contain BPA. However, the nonprofit said test results revealed the harmful chemical is in fact included in the plastic.
PPC also said PepsiCo's website uses misleading language about the corporation's dedication to sustainability despite practices that suggest otherwise. Julia Cohen, the co-founder and managing director of PPC, called the marketing tactics deceptive and manipulative.
"The facts are: Plastic pollutes water and our bodies, plastic is unhealthy for people and the planet, and recycling cannot solve the plastic pollution crisis that the corporations producing bottled water helped create," Cohen said.
Recycling plastic properly does benefit the environment by keeping trash out of landfills. However, rapid plastic production slows down progress. According to a report, the bottled water industry was responsible for about 25 million tons of plastic waste in 2021.
A study revealed that 56 companies account for about half of the world's plastic pollution, which can pose threats to both human health and the environment. According to the U.S. Environmental Protection Agency, plastic pollution can take hundreds of years to decompose.
PepsiCo was one of the top global plastic polluters in 2023, per the Global Brand Audit. In fact, the report found that PepsiCo had more branded plastic waste items than the Coca-Cola Company for the first time.
Despite some harmful environmental practices, PepsiCo does have initiatives in place to push for a more sustainable future. The corporation announced plans last year to explore regenerative agriculture with more than $6 million in grants. PepsiCo also said all its beverages will be sold in reusable packaging by 2030.
PepsiCo isn't the only corporation to use greenwashing as a marketing tactic. According to a survey, nearly 60% of global companies admit to doing so.
Do you think America has a plastic waste problem?
Definitely
Only in some areas
Not really
I'm not sure
Click your choice to see results and speak your mind.
Officials are cracking down on greenwashing overseas. Earlier this year, the Italian Competition Authority fined three transport companies for influencing customers with false claims about sustainable practices.
For consumers, there are ways to spot greenwashing early. Experts have revealed some "greenwashing flags" to look out for while shopping. Additionally, sustainability and climate brands can provide trusted information about which companies might be deceiving customers.
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 hours ago
- Yahoo
Pilgrim's Pride (PPC) Registers a Bigger Fall Than the Market: Important Facts to Note
Pilgrim's Pride (PPC) closed the most recent trading day at $45.44, moving -1% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 0.51%. Prior to today's trading, shares of the poultry producer had lost 6.69% lagged the Consumer Staples sector's loss of 1.34% and the S&P 500's gain of 0.45%. Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. It is anticipated that the company will report an EPS of $1.63, marking a 2.4% fall compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.39 per share and a revenue of $0 million, indicating changes of -0.55% and 0%, respectively, from the former year. Investors might also notice recent changes to analyst estimates for Pilgrim's Pride. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.37% lower within the past month. As of now, Pilgrim's Pride holds a Zacks Rank of #3 (Hold). With respect to valuation, Pilgrim's Pride is currently being traded at a Forward P/E ratio of 8.52. For comparison, its industry has an average Forward P/E of 12.24, which means Pilgrim's Pride is trading at a discount to the group. The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
a day ago
- Yahoo
This Dividend King Stands Out as a Long-Term Favorite
PepsiCo, Inc. (NASDAQ:PEP) is one of the best dividend stocks for a bear market. In uncertain times, investing in a dividend-paying stock that has seen a significant drop in price can be a smart move, provided the company's long-term fundamentals remain strong. A close up of a glass of a refreshing carbonated beverage illustrating the company's different beverages. PepsiCo, Inc. (NASDAQ:PEP) fits that description well. Despite a nearly 14% decline in its share price since the beginning of 2025, the company maintains its reputation as a Dividend King, with 53 consecutive years of dividend increases. The latest boost, which was a 5% rise, was announced alongside its Q4 2024 earnings. Such a consistent track record reflects a solid business strategy that performs well regardless of market conditions. PepsiCo, Inc. (NASDAQ:PEP) dividend history speaks to its disciplined management and operational strength. However, recent challenges have emerged. In April, the company lowered its annual profit outlook, citing rising production costs and weaker consumer spending, pressures linked to economic uncertainty stemming from wide-reaching tariffs introduced by President Donald Trump. Even so, analysts view these issues as temporary. Once the broader economic environment stabilizes, demand is expected to recover. PepsiCo, Inc. (NASDAQ:PEP) currently offers a quarterly dividend of $1.4225 per share and has a dividend yield of 4.4%, as of June 17. While we acknowledge the potential of PEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
This Dividend King Stands Out as a Long-Term Favorite
PepsiCo, Inc. (NASDAQ:PEP) is one of the best dividend stocks for a bear market. In uncertain times, investing in a dividend-paying stock that has seen a significant drop in price can be a smart move, provided the company's long-term fundamentals remain strong. A close up of a glass of a refreshing carbonated beverage illustrating the company's different beverages. PepsiCo, Inc. (NASDAQ:PEP) fits that description well. Despite a nearly 14% decline in its share price since the beginning of 2025, the company maintains its reputation as a Dividend King, with 53 consecutive years of dividend increases. The latest boost, which was a 5% rise, was announced alongside its Q4 2024 earnings. Such a consistent track record reflects a solid business strategy that performs well regardless of market conditions. PepsiCo, Inc. (NASDAQ:PEP) dividend history speaks to its disciplined management and operational strength. However, recent challenges have emerged. In April, the company lowered its annual profit outlook, citing rising production costs and weaker consumer spending, pressures linked to economic uncertainty stemming from wide-reaching tariffs introduced by President Donald Trump. Even so, analysts view these issues as temporary. Once the broader economic environment stabilizes, demand is expected to recover. PepsiCo, Inc. (NASDAQ:PEP) currently offers a quarterly dividend of $1.4225 per share and has a dividend yield of 4.4%, as of June 17. While we acknowledge the potential of PEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
