Varun Beverages Sustainability Profile
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 61 is higher than 77% 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 2023, Varun Beverages Limited reported total carbon emissions of approximately 297,460,800 kg CO2e globally, with emissions distributed across various scopes: 74,260,000 kg CO2e (Scope 1), 305,164,000 kg CO2e (Scope 2), and 2,595,184,000 kg CO2e (Scope 3). The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, in alignment with the Paris Agreement. For near-term targets, Varun Beverages plans to reduce absolute Scope 1 and 2 emissions by 60% by 2033 from a 2023 baseline. Additionally, it aims to achieve a 60% reduction in absolute Scope 3 emissions within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions by 2050, as well as a 90% reduction in Scope 3 emissions. The company has also committed to reducing its Scope 2 emissions to near zero by the middle of this decade and has set a target to decrease these emissions by 25% from a 2021 baseline by 2030. Varun Beverages is actively pursuing 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 by 25%. These initiatives reflect Varun Beverages' commitment to sustainability and its proactive stance in addressing climate change, positioning the company as a responsible player in the food and beverage processing sector.
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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 |
How Carbon Intensive is Varun Beverages's Industry?
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Varun Beverages's Scope 3 Categories Breakdown
Varun Beverages's Scope 3 emissions, which increased by 20% last year and increased by approximately 484% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 62% of Scope 3 emissions.
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Varun Beverages's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Varun Beverages has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Varun Beverages's sustainability data and climate commitments