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 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 99% 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 42,930,000 kg CO2e from Scope 1 emissions, 210,408,000 kg CO2e from Scope 2 emissions, and 581,930,000 kg CO2e from Scope 3 emissions. Over the past few years, the company has demonstrated a commitment to reducing its carbon footprint, with emissions in 2022 and 2021 also reported at 856,810,000 kg CO2e and 856,810,000 kg CO2e, respectively. Varun Beverages has set ambitious climate targets as part of its commitment to achieving net-zero greenhouse gas emissions across its value chain by 2050. The company aims to reduce absolute Scope 1 and 2 emissions by 60% by 2033, using 2023 as the baseline year. Additionally, it plans to cut Scope 3 emissions by the same percentage within the same timeframe. For the long term, Varun Beverages targets a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050. These targets align with industry standards and reflect the company's proactive approach to addressing climate change, ensuring that its operations contribute to a sustainable future.
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Add to project| 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 | 000,000,000 | 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.
