PepsiCo plans to source 100% renewable electricity worldwide by 2030

Originally published by the Beverage Daily on September 21, 2020

Currently, PepsiCo acquires renewable electricity in 18 countries, with 9 of these, including Greece, Poland, Belgium, Germany, Italy, the Netherlands, Portugal, Spain and the United Kingdom, already meeting 100% of the electricity demand from renewable sources. PepsiCo United States is also aiming to achieve 100% renewable energy for its direct operations this year.  

By the end of 2020, PepsiCo will source 56% of its electricity worldwide through renewable sources. To increase the usage of renewable energy, the corporation is including Power Purchase Agreements (PPAs) which support development of new projects (e.g. solar and wind farms) around the world. The enterprise  is also setting up onsite wind and solar projects at its facilities worldwide, such as rooftop solar energy panels on their global headquarters.

The company has also joined an initiative, RE100, which includes 255 members that are committed to achieve the same goal of sourcing 100% renewable electricity worldwide by 2030. PepsiCo has additionally joined other leading companies in committing to set science-based emissions reduction targets in line with limiting global warming to 1.5°C, while also creating a long-term strategy that plans to achieve net-zero emissions by 2050.

 “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,” stated PepsiCo’s Chief Sustainability Officer, Jim Andrew.

To read more about Pepsi’s pledge to renewable electricity, please click here.