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 45 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Varun Beverages's reported carbon emissions
In 2023, Varun Beverages reported total carbon emissions of approximately 835,268,000 kg CO2e. This figure includes 74,260,000 kg CO2e from Scope 1 emissions, 305,164,000 kg CO2e from Scope 2 emissions, and a significant 2,595,184,000 kg CO2e from Scope 3 emissions, which encompasses various categories such as purchased goods and services, business travel, and the use of sold products. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. In the near term, Varun Beverages has pledged to reduce absolute Scope 1 and 2 emissions by 60% by 2033, using 2023 as the baseline year. Similarly, it aims to achieve a 60% reduction in absolute Scope 3 emissions within the same timeframe. For the long term, the company targets a 90% reduction in both Scope 1 and 2 emissions, as well as Scope 3 emissions, by 2050. These commitments align with industry standards and reflect Varun Beverages' dedication to addressing climate change and reducing its carbon footprint in the food and beverage processing sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 26,840,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 129,110,000 | 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 |
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 committed to some reduction initiatives 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.
