Varun Beverages
Varun Beverages Limited, a prominent player in the beverage industry, is headquartered in India and operates extensively across various regions, including North and Central India, as well as international markets. Founded in 1995, the company has established itself as a leading bottler and distributor of carbonated soft drinks, primarily under the PepsiCo brand, alongside a diverse range of non-carbonated beverages. With a commitment to quality and innovation, Varun Beverages offers unique products such as Pepsi, Mountain Dew, and Tropicana, catering to a wide consumer base. The company has achieved significant milestones, including rapid expansion and a strong market presence, making it one of the largest bottlers for PepsiCo in the world. Varun Beverages continues to thrive, driven by its dedication to excellence and customer satisfaction.
DitchCarbon Score
How does Varun Beverages's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Beverage Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Varun Beverages's score of 56 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Varun Beverages's reported carbon emissions
In 2024, Varun Beverages reported total carbon emissions of approximately 3,561,939,940 kg CO2e. This includes 88,224,200 kg CO2e from Scope 1 emissions, 352,883,170 kg CO2e from Scope 2 emissions, and a significant 3,120,832,570 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its entire value chain by 2050, in alignment with the Paris Agreement. For near-term targets, Varun Beverages plans to reduce its absolute Scope 1 and 2 emissions by 60% by 2033 from a 2023 baseline. Additionally, the company aims to cut its Scope 3 emissions by the same percentage within the same timeframe. Long-term goals include a 90% reduction in absolute Scope 1, 2, and 3 emissions by 2050, also based on the 2023 figures. Varun Beverages is actively working towards reducing its Scope 2 emissions to near zero by 2025 and has set a target to decrease these emissions by 25% from a 2021 baseline by 2030. Similarly, the company aims for a 30% reduction in Scope 1 emissions from the same baseline by 2030. Overall, Varun Beverages is committed to a four-pronged approach to achieve a 50% reduction in absolute greenhouse gas emissions by 2030, while increasing the share of renewable energy in its electricity consumption to 25%.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 26,840,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 129,110,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 534,760,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Varun Beverages is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
