Press release
PepsiCo Doubles Down on Climate Goal and Pledges Net-Zero Emissions by 2040
Accelerates efforts to build a more resilient and sustainable food system, reducing absolute GHG emissions more than 40% by 2030 across entire value chain
About this update from Pepsico, Inc.
[{"type":"text","content":"Accelerates efforts to build a more resilient and sustainable food system, reducing absolute GHG emissions more than 40% by 2030 across entire value chain\n Achieves 100% renewable electricity in U.S.; Advances global progress with plans to fully transition direct electricity needs to renewable sources in Mexico and Australia by end of 2021\n\n\nPURCHASE, N.Y., Jan. 14, 2021 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) today announced plans to more than double its science-based climate goal, targeting a reduction of absolute greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. In addition, the company has pledged to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement. \n\n \n \n \n \n \n \n\n \nSpecifically, PepsiCo plans to reduce absolute GHG emissions across its direct operations (Scope 1 and 2) by 75% and its indirect value chain (Scope 3) by 40% by 2030 (2015 baseline). This action is expected to result in the reduction of more than 26 million metric tons of GHG emissions or the equivalent of taking more than five million cars off the road for a full year. \n\"The severe impacts from climate change are worsening, and we must accelerate the urgent systemic changes needed to address it,\" said 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. Our ambitious climate goal will guide us on the steep but critical path forward -- there is simply no other option but immediate and aggressive action.\"\nPepsiCo's sustainability strategy, informed by leading science-based measures and cost-benefit analysis, focuses on the areas where it can have the most impact, while creating scalable models and partnerships for accelerated progress across the full value chain. The company's emissions target aligns to the Business Ambition for 1.5°C pledge and has been approved by the Science Based Targets initiative as the most ambitious designation available through their process. \n\"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,\" said Nate Aden, Senior Associate at World Resources Institute, one of the Science ...