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PepsiCo this week announced that it is on track to source 100% renewable electricity for its US operations by the end of the year.
The food and beverage giant is multinational, but the US is its largest market, accounting for around half of its global annual energy consumption.
In order to meet its 100% goal, PepsiCo says it is investing in a “diversified portfolio” of solutions. This includes rooftop solar at some of its largest manufacturing and office facilities, Power Purchase Agreements (PPAs), Virtual Power Purchase Agreements and Renewable Energy Certificates (RECs). PPAs and VPPAs support the development of new renewable generation capacity, while RECS support existing arrays and are third-party verified.
A similar approach has already been used by PepsiCo to switch to 100% renewable energy across its operations in:
– the UK
– The Netherlands
It is also proving successful in Mexico, where PepsiCo’s operations ran on 76% wind power in 2018.
PepsiCo estimates that once its shift to renewable electricity in the US is complete, company-wide Scope 1 (direct) and Scope 2 (power-related) emissions will be reduced by 20% against a 2015 baseline.
Read more here.