Pepsico

PepsiCo, a US-based beverages company, is committed to reducing its greenhouse gas (GHG) emissions across its value chain.

Carbon Emissions Data:

• 2023: PepsiCo reported total GHG emissions of approximately 58,000,000,000 kg CO2e. This included Scope 1 emissions of about 3,377,000,000 kg CO2e, Scope 2 emissions (market-based) of approximately 304,000,000 kg CO2e, and Scope 3 emissions of about 54,000,000,000 kg CO2e. Key Scope 3 categories included purchased goods and services (approximately 39,745,044,000 kg CO2e), downstream transportation and distribution (approximately 7,018,552,000 kg CO2e), and end-of-life treatment of sold products (approximately 1,478,121,000 kg CO2e).
• 2022: Total emissions were approximately 61,000,000,000 kg CO2e, comprising Scope 1 emissions of about 3,500,000,000 kg CO2e, Scope 2 emissions of approximately 800,000,000 kg CO2e, and Scope 3 emissions of around 57,000,000,000 kg CO2e.
• 2021: Total emissions were approximately 60,000,000,000 kg CO2e, with Scope 1 at about 3,400,000,000 kg CO2e, Scope 2 at approximately 700,000,000 kg CO2e, and Scope 3 at around 56,000,000,000 kg CO2e.
• 2020: Total emissions were approximately 60,000,000,000 kg CO2e. Scope 1 emissions were about 3,552,706,000 kg CO2e, Scope 2 (market-based) were approximately 857,398,000 kg CO2e, and Scope 3 were around 36,519,067,000 kg CO2e for purchased goods and services, and approximately 10,240,708,000 kg CO2e for downstream transportation and distribution.
• 2015: Total emissions were approximately 60,000,000,000 kg CO2e, with Scope 1 at about 3,600,000,000 kg CO2e, Scope 2 at approximately 2,000,000,000 kg CO2e, and Scope 3 at about 55,000,000,000 kg CO2e.

Climate Commitments and Reduction Targets:

PepsiCo has set ambitious science-based targets to drive significant emissions reductions.

• Net Zero by 2040: PepsiCo is committed to achieving net-zero GHG emissions across its value chain by 2040, a decade earlier than the Paris Agreement's goal.
• 2030 Targets: The company aims to reduce absolute GHG emissions by more than 40% across its entire value chain by 2030, against a 2015 baseline. This includes:
  • A 75% reduction in Scope 1 and Scope 2 emissions by 2030, compared to the 2015 baseline.
  • A 40% reduction in Scope 3 emissions by 2030, from a 2015 baseline.
• Newer SBTi Targets (2022 Base Year): More recent commitments set by the Science Based Targets initiative (SBTi) for PepsiCo, Inc. include:
  • Reducing absolute Scope 1 GHG emissions by 50% by 2030 from a 2022 base year.
  • Reducing absolute Scope 2 GHG emissions by 50% by 2030 from a 2022 base year.
  • Reducing absolute Scope 3 GHG emissions (from purchased goods and services, fuel and energy related activities, business travel, downstream transportation and distribution, and franchises) by 42% by 2030 from a 2022 base year.
  • A long-term commitment to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2022 base year, and to reduce absolute Scope 3 GHG emissions by 90% within the same timeframe.
  • An overall net-zero target for greenhouse gas emissions across the value chain by 2050.

PepsiCo's targets are aligned with the 1.5°C warming limit pathway. In 2023, the company reported a 4% decrease in total GHG emissions from the 2015 baseline and a 5% reduction from 2022. Specifically in 2023, Scope 1 and Scope 2 GHG emissions were reduced by 33% versus a 2015 baseline.