PepsiCo Inc. announced a new goal to use renewable energy at 100% in all of its direct operations worldwide by 2030, and in all of its franchisee and third-party operations by 2040.
With the scale of PepsiCo, this transition has the potential to reduce approximately 2.5 million metric tons of greenhouse gas emissions (GHG) emissions by 2040, which is equivalent to taking more than half a million cars off the road for an entire year. This announcement builds on the company's global efforts to increase the use of renewable energy, as it announced it would do in the United States, its main market, earlier this year.
Earlier this year, PepsiCo signed the Business Ambition for 1.5°Cjoining other leading companies in the commitment to set science-based emissions reduction targets in line with the global warming limit of 1.5°C. At the same time, they are developing a long-term strategy to achieve net zero emissions by 2050. The company has made significant progress in reducing greenhouse gas emissions across its value chain, from collaborating with farmers to use carbon-efficient practices through the global Sustainable Agriculture program, to operating one of the largest electric fleets in North America.
PepsiCo currently acquires renewable energy in 18 countriesnine of which already meet 100% of their demand through renewable sources. With the inclusion of the U.S. market, PepsiCo will be close to meeting 56% of its global supply from renewable sources by the end of 2020.
With this announcement, PepsiCo joins RE100an initiative led by The Climate Group in association with CDPwhich brings together the world's most influential companies committed to using renewable energy at 100%.
