Pepsico has put its money where its mouth is when it comes to more environmentally-friendly packaging.

They have introduced Aquafina Bottled Water bottles that use 50% less plastic than before. While bottled water is not the most environmentally-friendly option, their new “Eco-Fina” bottle is a step in the right direction by reducing the amount of waste generated from plastic water bottles.

And their Frito-Lay division is launching a new compostable bag for SunChips Multigrain chips that will decompose in weeks in a compost. Frito-Lay is rolling out the launch of the new bag, and they anticipate it being the standard SunChips bag world-wide by Earth Day 2010.