Pepsico Releases Pledges Net-Zero Releases By 2040

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PEP
o promised to reduce greenhouse gas (GHG) emissions over its value chain by more than 40% by 2030 and reach zero to zero by 2040, a decade earlier than called for in the Paris Agreement. This change is expected to avoid more than 26 million metric tons of GHG emissions.

To achieve its goals, PepsiCo wants to focus on sustainable agriculture using low-emission fertilizers, precision technology and renewable uses to improve soil health, biodiversity and productivity; along with increasing efficiency in its supply chain and adopting low or zero emissions fuel transportation.

In addition, the ‘Sustainable from the Start’ program will ensure product design that mitigates the environmental impact of packaging, as evidenced by recent news to reduce the use of virgin plastic and move nine European markets to 100 plastic bottles. % recycled by 2022.

“There is no vaccine for climate change. But our planet is in crisis, ”said Silviu Popovici, CEO of PepsiCo Europe. “PepsiCo’s new climate goal will redouble our efforts to reduce emissions. This affects both our real estate businesses but also includes our suppliers and bottles. Simply put, we all need to do more. “

A little explanation can help to understand why achieving carbon-neutral status for a product or organization can be challenging, as much as it is necessary.

All companies’ carbon footprint information is in three different categories called “scopes”. Direct fuel consumption for your vehicle, for example, is considered area 1; the electricity you used is considered area 2; everything else as area 3 – which makes it the most important but difficult thing.

Examples of 3 spatial distributions include those arising from labor travel, manufacturing and all business activities throughout the supply chain. It’s usually a big chunk and in fact Pepsi says more than 90% of its 2019 GHG emissions came from this segment.

According to Lara Obst, co-founder and chief sustainability officer at The Climate Choice, a B2B startup that will help companies take climate action, “it is good that Pepsi is increasing its CO2 reduction goals and achieving them. alignment with science-based targets across the 1, 5-step Goal – especially as the global food system is responsible for around 30% of greenhouse gas emissions. ”

“The next steps need proper planning of actions and clear mitigation measures,” Obst says. “So reducing CO2 is a connected journey and will require the climate change of many players. A clear and transparent roadmap would help stakeholders, suppliers and customers to understand how the promised goals will be achieved. ”

In Europe, PepsiCo has so far reduced its total emissions by 6% since 2015.