PURCHASE, N.Y. — PepsiCo, Inc. has committed to reducing absolute greenhouse gas emissions across its value chain by at least 20% by 2030. The target has been verified and approved by the Science Based Targets Initiative, a partnership between CDP, World Resources Institute, the World Wide Fund for Nature and the United Nations Global Compact, which has to date validated climate targets for 44 companies worldwide.
Between 2006 and 2015, PepsiCo achieved an 18% improvement in the energy efficiency of its legacy operations. The company also extended its use of renewable energy and introduced fuel-efficient vehicles and vending machines and coolers that are free of hydrofluorocarbons. These actions were taken as part of the company’s Performance with Purpose plan.
PepsiCo’s new climate goal includes the company’s direct operations, owned-fleet fuel use and purchased electricity, which account for approximately 7% of the company’s total carbon footprint. The goal also includes the 93% of PepsiCo’s carbon footprint from sources outside of direct operations, including farming, packaging, third-party transportation and consumer use of its products.
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| Mehmood Khan, Ph.D., vice-chairman and chief scientific officer of global research and development at PepsiCo |
"The Paris Climate Agreement that entered into force in April 2016 set out the obligation for collective action to limit the impact of climate change," said Mehmood Khan, Ph.D., vice-chairman and chief scientific officer, global research and development, PepsiCo. “We believe combating climate change is critical to the future of our company, our customers, consumers and our world. Our new target represents a meaningful and measurable contribution to meeting the two-degree global goal. Such rigor is now a requirement of any responsible business.”
To reduce greenhouse gas emissions, PepsiCo said it will increase energy efficiency and transition to renewables in manufacturing where possible, work with suppliers to reduce their impacts, explore less greenhouse gas intensive packaging materials, and help direct farmers to reduce greenhouse gas emissions in the field through programs such as the PepsiCo Sustainable Farming Initiative.
Additionally, PepsiCo has joined the Business Renewables Center at the Rocky Mountain Institute and signed on to the Renewable Energy Buyers Principles, which set future purchasing expectations of large companies regarding renewable energy in the United States.
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| Cynthia Cummis, director of Private Sector Climate Mitigation at the World Resources Institute |
