PepsiCo adopts science-oriented objectives in the combat against climate change




PURCHASE, N.Y., May 12: PepsiCo has substantiated that its aspiring new objective for greenhouse gas (GHG) emission lessening has been authenticated and sanctioned by the Science Based Targets Initiative as being consistent with what climate science states is essential to keep global warming beneath two degrees Celsius. The worldwide food and beverage enterprise has pledged to function to lessen complete GHG discharges throughout its value chain by no less than 20 percent by 2030.

Under its Performance with Purpose vision, PepsiCo has already had considerable accomplishment in controlling its GHG discharges. Between 2006 and 2015, it achieved an 18 percent enhancement in the energy competence of its legacy actions. It also expanded its utilization of renewable energy and presented fuel-efficient vehicles, along with vending machines and coolers without hydrofluorocarbons.

Commenced in 2016 as component its wider 2025 Agenda, the new climate objective takes into consideration PepsiCo's direct functions, owned-fleet fuel usage and procured electricity, which comprise almost 7% of the enterprise's overall carbon footprint. Significantly, however, the objective also comprises the 93% of PepsiCo's carbon footprint that originates from sources outside PepsiCo direct processes, for example agri-business, wrapping, third-party transport and customer usage of its products.

Up to the present time, 44 businesses globally have had their climate objectives authenticated by the Science Based Targets Initiative, a collaboration between CDP, the World Resources Institute, the World Wide Fund for Nature and the UN Global Compact, with above 200 additional enterprises expecting authentication.

"The Paris Climate Agreement that entered into force in April 2016 set out the obligation for collective action to limit the impact of climate change," revealed Dr. Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer, Global Research and Development, adding, "We believe combating climate change is critical to the future of our company, our customers, consumers and our world.  Our new target represents a meaningful and measurable contribution to meeting the two degree global goal. Such rigor is now a requirement of any responsible business."

Cynthia Cummis, Director of Private Sector Climate Mitigation at the World Resources Institute and a member of the Science Based Targets Initiative Steering Committee, stated, “The threat of climate change calls for governments and businesses to commit to science-based action. We congratulate PepsiCo on their science-based target. By seeking to decarbonize its value chain, the company is showing leadership within the food and agriculture sector and strengthening its competitive advantage in the transition to the low-carbon economy."

PepsiCo will function to lessen its GHG discharges by: Boosting energy competence and transitioning to renewables in its business processes where possible; Functioning with providers to lessen their GHG effects; Surveying less GHG-intensive packaging substances; and Aiding direct agriculturalists in an attempt to lessen GHG discharges in the field via worldwide plans for example the PepsiCo Sustainable Farming Initiative.

Among fresh activities already proceeding, PepsiCo has combined with the Business Renewables Center at the Rocky Mountain Institute and signed on to the Renewable Energy Buyers Principles, which were created by top NGOs and set out the future procuring prospects of big enterprises concerning renewable energy in the United States.

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