At-a-Glance:
PepsiCo Inc. has pledged to achieve carbon neutrality by 2040, adding to the growing list of major companies including Amazon.com Inc. that aim to reach net-zero greenhouse gas emissions a decade ahead of scientists’ guidance. To learn more, read “PepsiCo Pledges to Achieve Net-Zero Carbon Emissions by 2040.” Reading this article may require a subscription.
Key Takeaways:
- PepsiCo’s goals include curbing absolute emissions across its direct operations by 75% and its Scope 3 emissions by 40% from 2015 levels by the end of this decade. Scope 3 emissions are generated in the supply chain or by customers using their products.
- Approximately 1,400 businesses have set or pledged to set net-zero emission goals under the Race to Zero Initiative convened by the United Nations, while the Biden administration has vowed to put the U.S. on a path to 100% clean energy by no later than 2050.
- PepsiCo already announced plans to use renewable electricity across all company owned businesses by 2030 and across all third-party operations a decade later.
- The emission reduction plan also includes an expansion of the company’s network of “Demonstration Farms,” which provide local farmers with sustainable tools and practices. It’s targeting a reduction in virgin plastic use and more recycled content in packaging as well.
Path to 100% Perspective:
Leaning into ambitious carbon reduction goals will be necessary to make world-wide decarbonization a reality. Global leaders like PepsiCo and Amazon are paving the way to 100% clean energy for the rest of the world through bold and innovative thinking. Integrating renewables, finding the optimal mix of energy for each power system, and looking for ways to improve clean energy practices at every level will accelerate grid decarbonization globally.
Photo by Björn Antonissen on Unsplash