PepsiCo has saved more than $80 million (£61m) as a result of its water conservation efforts.
It reduced its operational water use per unit of production by 26% between 2011 and 2015, exceeding its 20% goal.
It is part of PepsiCo’s broader sustainability agenda, which has delivered more than $600 million (£457m) in cost savings in the last five years through water, energy, packaging and waste reduction initiatives.
The company said it cut overall absolute water use in its operations by around 3.2 billion litres last year.
It has also partnered with non-profit organisations to reach nine million people with safe water access since 2006, exceeding its original goal of six million by the end of 2015.
Dr. Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer, Global Research and Development said: “Companies have an important role to play in solving global water challenges and we must continuously seek new ways to apply our unique capabilities and expertise to conserve this most precious resource.
“By driving down our operational water use and replenishing water within the local watershed, promoting innovative agricultural practices that yield more crop per drop and enabling access to safe water and sanitation for millions of people, we have achieved important progress and are committed to doing much more in the years ahead.”