Distributed Energy Resources, Energy Efficiency, GHG Emissions, Sourcing Renewables - June 23, 2024
PepsiCo’s Emissions Fall by 13%
PepsiCo, a beverage and snacks company, achieved some goals ahead of schedule, including lowering Scope 1 and 2 emissions by 13% and total Scope 1, 2 and 3 emissions by 5% year over year.
The company also made progress on other goals such as lowering the use of virgin plastic derived from non-renewable sources by 4% year over year, doubling its global regenerative farming footprint to more than 1.8 million acres, and recording a 25% improvement in water-use efficiency at high water-risk company-owned locations compared to a 2015 baseline.
The company reduced indirect emissions from its value chain (Scope 3) by 1% versus a 2015 baseline and continued growing its electric vehicle fleet, driving over 3 million zero-emissions electric miles.
Pepsico continued to expand its use of new sources of renewable energy like biogas, which takes manufacturing byproducts such as dried corn husks and potato peelings and converts them into biomethane.
Details were published in its 2023 progress report on Environmental, Social and Governance (ESG) results.
"Three years into our pep+ journey, it's clear the focus we have driven throughout the business is working in many areas. Our use of virgin plastics is down year-over-year and our total Scope 1, 2 and 3 emissions are down compared to 2022, as well as versus our 2015 baseline. This is all to be celebrated. However, the road ahead will continue to present challenges," said Jim Andrew, Chief Sustainability Officer at PepsiCo, in a statement. "We continue assessing where to devote time and resources to deliver meaningful impact and ensure we are focusing our efforts. Building strong and strategic partnerships with other scale players and adopting and scaling breakthrough technologies are central to our strategy."
Read These Related Articles:
Stay Up-To-Date
