PepsiCo is expected to achieve 100 per cent renewable electricity in Australia in 2021 as the global company commits to reducing its greenhouse gas emissions across its entire value chain by 40 per cent by 2030.
In addition, the company has said it aims to achieve net-zero emissions by 2040, one decade earlier than state in the Paris Agreement. It plans to reduce GHG emissions across its direct operations by 75 per cent and its indirect value chain by 40 per cent by 2030.
“The severe impacts from climate change are worsening, and we must accelerate the urgent systemic changes needed to address it,” said PepsiCo Chairman and CEO Ramon Laguarta.
“Climate action is core to our business as a global food and beverage leader and propels our PepsiCo Positive journey to deliver positive outcomes for the planet and people. Our ambitious climate goal will guide us on the steep but critical path forward -- there is simply no other option but immediate and aggressive action.”
PepsiCo met its target of sourcing 100 per cent renewable energy in the US 2020, as well as committing to changing its global policy on sourcing sustainable palm oil in an effort to help lift production standards across the broader palm oil sector.
Alongside its Australian site goals, PepsiCo is also expected to achieve 100 per cent renewable electricity in Mexico this year, making it 15 countries the company operates in that now fully sources renewable energy for its sites.
“Our climate ambition is at the very heart of accelerating our global sustainability progress, and we are using our scale and reach to build a more sustainable and regenerative global food system,” said PepsiCo chief sustainability officer Jim Andrew.
“It’s long overdue that companies move beyond just minimising their environmental impact, they must actively work to improve and regenerate the planet.”
PepsiCo Australia and New Zealand ranked in at #17 in Australia’s Top 100 Food & Drink Companies report 2020.