"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 …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
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
PepsiCo Inc. belongs to the sector Consumer Staples.
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.
Separate targets for emission reductions and removals
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.
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious