PepsiCo’s operations in the US is due to be powered soon by 100% renewable sources, such as wind and solar.
20% less greenhouse gas emissions (GHG) by 2030
PepsiCo aims to deliver a 20% reduction in company-wide direct operations (scopes 1 and 2) GHG by 2030, relative to a 2015 baseline. The company is due to adopt a diversified portfolio of solutions, which would include Power Purchase Agreements (PPAs), Virtual Power Purchase Agreements (VPPAs), and Renewable Energy Certificates (RECs), alongside on-site renewable electricity. New solar panels have been installed at its global headquarters in Purchase, New York, in addition to other locations across the US.
It’s important to note that the food and beverage company’s nine operations in Europe are already using 100% renewable electricity.
Ramon Laguarta, chairman and chief executive officer, PepsiCo, said: "We have entered a decade that will be critical for the future of our planet's health. PepsiCo is pursuing 100% renewable electricity in the U.S. because the severe threat that climate change poses to the world demands faster and bolder action from all of us."
PepsiCo’s initiative comes at a time when the cost of renewable electricity continues to drop. According to the International Renewable Energy Agency, the cost of producing electricity from photovoltaic and onshore wind fell 13% year-on-year in 2018.
Simon Lowden, Chief Sustainability Officer, PepsiCo, said: "As an industry leader, we have a responsibility to help spur the use of renewable energy in the U.S., while encouraging the kind of systemic change that can build a more sustainable food system. This is another step forward in that journey."
In addition to using renewable electricity, PepsiCo aims to optimise the efficiency of its vending machines worldwide, and expects to receive this year a part of its 100 fully electric trucks (which have been ordered from Tesla in 2017).
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