Monday, April 22, 2024

PepsiCo pledges net-zero emissions by 2040

(Feature image: Regency Park, Solar Installation)

PepsiCo is pledging itself to hit goals that expand further than the Paris Agreement.

The business has announced its plans to more than double its science-based climate goal, targeting a reduction of absolute greenhouse gas (GHG) emissions, across its value chain by 40% by 2030.

More specifically, PepsiCo plans to reduce absolute GHG emissions across its direct operations by 75% and its indirect value chain by 40% by 2030.

“The severe impacts from climate change are worsening, and we must accelerate the urgent systematic changes needed to address it,” says PepsiCo Chairman and CEO, Ramon Laguarta.

“Climate action is core to our business as a global food and beverage leader and propels our PepsiCo Positive journey to deliver positive outcomes for the planet and people.”

The company’s emissions targets have been approved by the Science Based Targets initiative as the most designation available through their process.

Senior Associate at World Resources Institute, one of the Science Based Targets initiative partners Nate Aden says, “We congratulate PepsiCo on setting an emissions reduction target consistent with limiting warming to 1.5°C, the most ambitious goal of the Paris Agreement.”

PepsiCo’s action plan includes the following:

  • Further scale of sustainable agriculture and regenerative practices.
  • Reduce virgin plastic use and increase recycled content in its packaging.
  • Upgrading of environmentally sustainable manufacturing, warehousing, transportation and distribution.
  • Implementing innovative business processes that enable GHG emissions mitigations.

“Our climate ambition is at the very heart of accelerating our global sustainability progress, and we are using our scale and reach to build a more sustainable and regenerative global food system,” says Chief Sustainability Officer PepsiCo, Jim Andrew.

“It’s long overdue that companies move beyond just minimising their environmental impact, they must actively work to improve and regenerate the planet.”

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