PepsiCo aims for net zero greenhouse gas emissions by 2040 By Reuters

By Siddharth Cavale (Reuters) – PepsiCo (NASDAQ 🙂 Inc said on Thursday that it was aiming to achieve net greenhouse gas emissions across its supply chain by 2040 as consumers and investors increasingly ask large corporations that play their role in the fight against global warming. Chip and juice maker Doritos Tropicana said it would initially reduce greenhouse gas emissions from its operations by 75% and by 40% in areas that are outside of its own manufacturing and supply chain processes by 2030. The food and beverage giant generated about 57 million metric tons of greenhouse gas emissions globally in 2019, according to its latest annual sustainability report. Over the next nine years, he hopes to cut those emissions to just under half, or an absolute 26 million metric tons. The Purchase, New York-based company said it would first focus on its agricultural supply system, which contributes to a third of PepsiCo’s greenhouse gas emissions, before turning to carbon sequestration. PepsiCo will accelerate the use of smart irrigation systems, improve soil health and reduce deforestation, said its sustainability director, Jim Andrew, in an interview with Reuters. Other steps will include the use of renewable energy in its offices, recycled PET bottles for beverages, reducing commercial flights and creating sustainable packaging, the company said. PepsiCo and rival Coca-Cola (NYSE :), which has set its own goal of reducing supply chain emissions by 25% by 2030, have emerged as new targets for global activism due to the amount of waste. single-use plastics they generate. Last year tied with 2016 as the warmest year on record in the world, completing the warmest decade globally, and scientists said countries and corporations needed to quickly cut greenhouse gas emissions to avoid climate change. catastrophic. “We have to drive systemic change. That will require partnerships with customers, suppliers, co-packers … and sometimes competitors to do all of that,” Andrew said.

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