On July 21, the University of Saskatchewan Board of Governors endorsed a five-year agreement (September 1, 2011 – August 31, 2016) with PepsiCo Beverages Canada to supply cold beverages to most parts of campus.
The new agreement offers considerable improvements in financial benefits, transparency, sustainability, choice, and nutrition. Input received from the campus community during wide consultations was instrumental to identifying and achieving these outcomes.
At this point, the agreement is conservatively expected to generate about $1.8 million over five years ($1.4 million in revenue and $0.4 million in in-kind support). Under the new cold beverage agreement, associated revenues will be allocated to support student initiatives, with the specific allocations to be approved by PCIP. Details of the financial benefits of the agreement will be shared with the campus community and a report outlining the financial results of the agreement and allocation of revenues will be provided to the campus community on an annual basis.
While the agreement makes PepsiCo Beverages Canada the supplier of cold beverages on most parts of the U of S campus, there will be a choice of alternate beverages through food outlets specifically excluded from the agreement such as St. Thomas More College, Mac’s, Campus Cove, Harvey’s, etc.