Pepsi Publishes ESG Report
PepsiCo has released its first environmental, social, and governance (ESG) summary since the introduction of PepsiCo Positive (pep+), an end-to-end business transformation with a focus on sustainability and human capital.
The report details the company's progress on its ESG obligations. According to the summary, PepsiCo contributed to adopting regenerative agronomic practices on more than 345,000 acres, which is a step toward the company's target of seven million acres by 2030, which is roughly equivalent to PepsiCo's agricultural footprint.
The company claims that it has cut Scope 1 and 2 emissions by 25 per cent since 2015 and that more than 70 per cent of its direct operations' global electricity needs are now met by renewable sources. In 2021, the company's Scope 3 emissions, which account for 93% of its total emissions, grew by 5% compared to a 2015 baseline.
PepsiCo reported that it improved operational water-use efficiency by 18 per cent in high water-risk areas from a 2015 baseline, compared to a goal of 25 per cent by 2025, and refilled 34 per cent of water used in operations to local watersheds in 2021, totalling over 6.1 billion litres of water.
In addition, the company said it increased access to potable water for more than 68 million people worldwide since 2006, surpassing its goal of 100 million people by 2030.
Source: The News