PepsiCo Inc.

"PepsiCo Inc., a company based in the USA, has set a net zero target for 2040. Net Zero Tracker
This goal was announced in 2021 and is more than double their previous science-based climate goal. Net Zero Tracker
The company also has an interim target to reduce emissions by 75% relative to 2015 emissions by 2030. Net Zero Tracker
An interesting fact about PepsiCo's environmental policy is their commitment to transition to 100% renewable energy across company-owned operations by 2030, and across entire global operations, including franchisees, by 2040. Net Zero Tracker
In addition, you can check out the net-zero …"

Current Score (vs. LY)

67.0 pts (-0.2)

Last Update: Dec. 12, 2023

Current Rankings

Global: #24

S&P100: #14

Consumer Staples: #3

88.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

82.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 3,596,7123,552,7063,552,415
Scope 2 - location-based 1,811,1141,719,6101,556,523
Scope 2 - market-based 683,136857,3981,425,255
Scope 1-2 - location-based 5,407,8265,272,3165,108,938
Scope 1-2 - market-based 4,279,848 4,410,104 4,977,670
Scope 3 58,408,94554,628,77350,465,066
Total - location-based 63,816,77159,901,08955,574,004
Total - market-based 60,979,244 57,472,639 54,496,120

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 66,296,80060,979,244
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

PepsiCo Inc. belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 40.0 2015 2030
S1S2S3MKT 43.24366252784382 2015 2030
S1S2MKT 75.0 2015 2030

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2040

Science-based Targets (SBTI)

Date Published / Updated :01/01/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target Yes
PepsiCo Inc. is a member of the Business Ambition for 1.5 campaign (link here )

PepsiCo commits to reduce absolute scope 1 and 2 GHG emissions 75% and scope 3 GHG emissions 40% by 2030 from a 2015 base year.*The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for PepsiCo by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: On credits, and offsets, their main strategy page states: "Our strategy to achieve our 2030 emission reduction goal does not include the purchase of carbon offsets. We expect to achieve our 2040 net-zero goal by ensuring significant emission reductions within our value chain first, then balancing residual emissions with limited use of carbon removal offsets." Their CDP 2022 Questionnaire (https://www.pepsico.com/docs/default-source/sustainability-and-esg-topics/2022-cdp-climate-response.pdf?sfvrsn=e4a89bea_3) states that they will achieve 100% renewable electricity through "a diversified portfolio of solutions" including "energy attribute certificates (EACs), known as renewable energy certificates (RECs) in the U.S., from existing wind or solar farms, which are credits certified by independent third parties that support existing electricity generation from renewable sources." Their Climate Action Strategy infographic (https://www.pepsico.com/docs/default-source/sustainability-and-esg-topics/pepsico's-climate-action-strategy.pdf) suggests that there are 2 different roadmaps for reductions and removals but there are no specific figures. On carbon removal, the infographic refers to "carbon insetting at scale" (labelled as a scalable solution that is needed as opposed to one that is available today), and "carbon storage through soil sequestration, reforestation and peatland regeneration" under the "Agriculture" focus area. The "Agriculture" ESG page (https://www.pepsico.com/our-impact/esg-topics-a-z/agriculture) refers to using regenerative agricultural practices within their value chain and working with farmers to support soil carbon sequestration.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 26.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 9.680082182280472 10.0 -0.2
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 33.01341551561381 40.0 -0.2
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 67.0 100.0 -0.2


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 7.4
5.0 / 5.0 5.0 0.0 5.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 4.7
4.7 / 5.0 4.9 -0.2 3.9
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 30.0
Actual (in %): 25.7
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 7.4
Actual (in %): 3.0
0.0 / 5.0 0.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 17.3
Actual (in %): 1.9
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.7
Actual (in %): -6.1
0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.9°C 7.5 / 10.0 7.5 0.0 5.0
Total 67.0 / 100.0 67.2 -0.2 68.7


Available Data Sources

Reporting Year 2021 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2018 2018
Source NZPDU Public Yourstake Wikirate (NV) CDP NZPDU Public Wikirate (NV) CDP NZPDU Public Wikirate (NV) NZPDU Wikirate (NV)
Publication Year 2022 2022 unknown 2022 2021 2021 2021 2021 2020 2020 2021 2020 2019 2019
Scope 1 3,596,712 3,596,712 3,596,712 3,600,000 3,552,706 3,552,706 3,552,706 3,552,706 3,552,415 3,552,415 3,552,415 3,552,415 3,577,266 3,577,266
Scope 2 - location-based 1,811,114 1,811,114 1,811,114 700,000 1,719,610 1,719,610 1,719,610 1,719,610 1,556,523 1,556,523 1,556,523 1,556,523 1,629,973 1,629,973
Scope 2 - market-based 683,136 683,136 683,136 NA 857,398 857,398 857,398 NA 1,425,255 1,425,255 1,425,255 NA 1,558,167 NA
Scope 1-2 - location-based 5,407,826 5,407,826 5,407,826 4,300,000 5,272,316 5,272,316 5,272,316 5,272,316 5,108,938 5,108,938 5,108,938 5,108,938 5,207,239 5,207,239
Scope 1-2 - market-based 4,279,848 4,279,848 4,279,848 NA 4,410,104 4,410,104 4,410,104 NA 4,977,670 4,977,670 4,977,670 NA 5,135,433 NA
Scope 3 58,408,945 58,408,945 58,408,945 58,000,000 54,628,773 54,628,773 54,628,773 54,628,773 50,465,066 50,465,066 50,465,066 50,465,066 62,817,980 62,817,980
Total - location-based 63,816,771 63,816,771 63,816,771 62,300,000 59,901,089 59,901,089 59,901,089 59,901,089 55,574,004 55,574,004 55,574,004 55,574,004 68,025,219 68,025,219
Total - market-based 60,979,244 62,688,793 62,688,793 NA 57,472,639 57,472,639 59,038,877 NA 54,496,120 54,496,120 55,442,736 NA 67,349,853 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog