Pepsico

PepsiCo, a US-headquartered Beverages company, reported Scope 1 emissions of approximately 3.3 billion kg CO2e and market-based Scope 2 emissions of about 171.8 million kg CO2e for 2024. For 2023, the company reported total Scope 1, 2, and 3 emissions of approximately 58 billion kg CO2e. This included Scope 1 emissions of approximately 3.38 billion kg CO2e, market-based Scope 2 emissions of about 304 million kg CO2e, and Scope 3 emissions of approximately 54 billion kg CO2e. Key categories for Scope 3 in 2023 included purchased goods and services at about 39.75 billion kg CO2e and downstream transportation and distribution at approximately 7.02 billion kg CO2e.

PepsiCo has set ambitious climate commitments. The company is committed to achieving net-zero emissions across its value chain by 2040, a decade earlier than specified by the Paris Agreement. This net-zero target covers all scopes.

In terms of near-term goals, PepsiCo aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 75% and Scope 3 GHG emissions by 40% by 2030, using a 2015 baseline. These Science Based Targets initiative (SBTi) validated targets cover both direct operations and the indirect value chain.

More recently, the SBTi has also confirmed new near-term targets with a 2022 base year: a 50% reduction in absolute Scope 1 and 2 GHG emissions by 2030, and a 42% reduction in absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, business travel, downstream transportation and distribution, and franchises within the same timeframe. Long-term, PepsiCo commits to a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2050 from a 2022 base year.