PepsiCo has announced a new target to use 100% renewable electricity across all of its company-owned operations globally by 2030.
The move is forecast to reduce approximately 2.5 million metric tonnes of greenhouse gas (GHG) emissions by 2040, the equivalent of taking more than half a million cars off the road for a full year.
The US food and beverage company plans to achieve 100% renewable electricity globally by employing power purchase agreements (PPAs) that will support the development of new projects such as solar and wind farms around the world, as well as purchasing energy certificates to enable the near-term transition.
Jim Andrew, Chief Sustainability Officer at PepsiCo, commented: “We know the responsibility that comes with our size and scale, so transitioning PepsiCo’s global business operations to 100% renewable electricity is the right step forward to deliver meaningful impact as we continue to advance our sustainability agenda.”
Sam Kimmins, Head of RE100 at Climate Group, said: “By transforming their global business operations to renewable electricity, PepsiCo is demonstrating a strong commitment to combat climate change, whilst underlining the business case for renewables.”
PepsiCo currently procures renewable electricity in 18 countries, nine of which already meet 100% of their electricity demand from renewables.
With the shift to renewable electricity in the US underway this year, the company is currently on track to source 56% of its electricity through renewable sources globally by the end of 2020.