GHG Emissions, Industrial, Sourcing Renewables  -  July 7, 2022

PepsiCo Achieves 70% Renewables

PepsiCo announced the company reduced Scope 1 and 2 emissions by 25% from a 2015 baseline and over 70% of global electricity needs in direct operations are now met by renewable sources. 

In 2021, Scope 3 emissions – which account for 93% of the company's emissions – increased by 5% from a 2015 baseline, due largely to unprecedented business growth.  

The food and beverage company also improved operational water-use efficiency by 18% in high water-risk areas from a 2015 baseline, against a target of 25% by 2025 and replenished 34% of water used in operations to local watersheds in 2021– more than 6.1 billion liters of water. 

Details were given in its first Environmental, Social, and Governance (ESG) Summary since the launch of PepsiCo Positive (pep+), a strategic end-to-end business transformation with sustainability and human capital at the center of how the company will create growth and value. 

"PepsiCo's commitment and action to create a more sustainable and resilient food system is unwavering and we are proud of the progress that we have made in 2021 toward our new and updated pep+ goals," said Jim Andrew, Chief Sustainability Officer, PepsiCo, in a statement. "Our aim is to decouple so our business can grow sustainably, while decreasing environmental impacts. There is still much more work to be done and we cannot do it alone, so we – in partnership with our value chain partners, communities, NGOs and government leaders – will continue investing in action, innovation and partnerships that enable us all to realize a more sustainable future."