Pepsico

PepsiCo, a US-based beverage company, has set ambitious climate targets. In 2023, PepsiCo reported total global GHG emissions of approximately 58 billion kg CO2e, with Scope 1 emissions at around 3.38 billion kg CO2e and Scope 2 emissions at approximately 300 million kg CO2e (market-based). Scope 3 emissions were substantial, totalling around 54 billion kg CO2e, with purchased goods and services being the largest contributor at approximately 39.7 billion kg CO2e.

PepsiCo has committed to achieving net-zero emissions across its value chain by 2040. This goal is supported by near-term targets: a reduction of 75% in Scope 1 and 2 emissions and a 40% reduction in Scope 3 emissions by 2030, using a 2015 baseline. These targets are validated by the Science Based Targets initiative (SBTi).

In 2023, the company achieved a 4% decrease in total GHG emissions compared to the 2015 baseline and a 5% reduction from 2022. Specifically, Scope 1 and 2 GHG emissions saw a 33% reduction compared to the 2015 baseline. Further SBTi commitments include a 2050 net-zero target, with interim goals to reduce Scope 1 and 2 GHG emissions by 90% and Scope 3 GHG emissions by 90% by 2050, from a 2022 base year. Additionally, there are specific targets for Scope 3 emissions related to purchased goods and services, fuel and energy-related activities, business travel, downstream transportation and distribution, and franchises, aiming for a 42% reduction by 2030 from a 2022 base year. There are also commitments regarding land-related emissions and deforestation.