NET 0 Tracker
PepsiCo Inc.
This goal was announced in 2021 and is more than double their previous science-based climate goal. Net Zero Tracker
The company also has an interim target to reduce emissions by 75% relative to 2015 emissions by 2030. Net Zero Tracker
An interesting fact about PepsiCo's environmental policy is their commitment to transition to 100% renewable energy across company-owned operations by 2030, and across entire global operations, including franchisees, by 2040. Net Zero Tracker
In addition, you can check out the net-zero …"
Current Score (vs. LY)
67.0 pts (0.0)
Last Update: Dec. 18, 2024Greenhouse Gas Emissions
Last 3 Years Emissions Data Summary
| Y2021 | Y2020 | Y2019 | |
|---|---|---|---|
| Scope 1 | 3,596,712 | 3,552,706 | 3,552,415 |
| Scope 2 - location-based | 1,811,114 | 1,719,610 | 1,556,523 |
| Scope 2 - market-based | 683,136 | 857,398 | 1,425,255 |
| Scope 1-2 - location-based | 5,407,826 | 5,272,316 | 5,108,938 |
| Scope 1-2 - market-based | 4,279,848 | 4,410,104 | 4,977,670 |
| Scope 3 | 58,408,945 | 54,628,773 | 50,465,066 |
| Total - location-based | 63,816,771 | 59,901,089 | 55,574,004 |
| Total - market-based | 60,979,244 | 57,472,639 | 54,496,120 |
Note: Data sources detailed here
| Y2022 | |
|---|---|
| Total CO2e estimate (by Net0Tracker) | 66,273,114 |
| Methodology | Previous year intensity (revenue) |
Carbon emissions are estimated according to comparable years, intensity and sector benchmarks
Performance vs. Target
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.
PepsiCo Inc. belongs to the sector Consumer Staples.
Reduction and Net Zero Targets
>Note: intensity targets are not represented in the current version - see Methodology
Gross Absolute Emission Reductions
| Scope | Reduction Objectives | Base Year | Target Year | Comments |
|---|---|---|---|---|
| S3 | 40.0 | 2015 | 2030 | |
| S1S2S3MKT | 43.24366252784382 | 2015 | 2030 | |
| S1S2MKT | 75.0 | 2015 | 2030 |
Net Absolute Emission Reductions
| Scope | Reduction Objectives | Base Year | Target Year | Comments |
|---|---|---|---|---|
| S1S2S3MKT | 100.0 | 2020 | 2040 |
Net Zero Future Commitments
| Scope | Scope 3 Coverage | Target Year | Comments |
|---|---|---|---|
| S1S2S3LOC | FULL | 2040 |
Science-based Targets (SBTI)
Date Published / Updated :2021-01-14 01:00:00
| Near-term | Long-Term | Net Zero Standard |
|---|---|---|
| Targets set : 1.5°C by 2030 | No target | Committed |
PepsiCo commits to reduce absolute scope 1 and 2 GHG emissions 75% and scope 3 GHG emissions 40% by 2030 from a 2015 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks.
Data source: SBTIOffsets
Last update for PepsiCo by zerotracker.net: May 16, 2025| Planning to use external offset credits | Yes |
| Separate targets for emission reductions and removals | No |
| Conditions on use of offset credits |
|
| Plans for carbon dioxide removal (CDR) | Yes (nature-based removals e.g. Forestation, soil carbon enhancement) |
Additional notes: On credits, and offsets, their main strategy page states: "Our strategy to achieve our 2030 emission reduction goal does not include the purchase of carbon offsets. We expect to achieve our 2040 net-zero goal by ensuring significant emission reductions within our value chain first, then balancing residual emissions with limited use of carbon removal offsets." https://www.pepsico.com/our-impact/esg-topics-a-z/climate-change Their CDP 2022 Questionnaire (https://www.pepsico.com/docs/default-source/sustainability-and-esg-topics/2022-cdp-climate-response.pdf?sfvrsn=e4a89bea_3) states that they will achieve 100% renewable electricity through "a diversified portfolio of solutions" including "energy attribute certificates (EACs), known as renewable energy certificates (RECs) in the U.S., from existing wind or solar farms, which are credits certified by independent third parties that support existing electricity generation from renewable sources." This questionnaire also states that Yes to the question: "Do you intend to neutralize any unabated emissions with permanent carbon removals at the target year?" Their Climate Action Strategy infographic (https://www.pepsico.com/docs/default-source/sustainability-and-esg-topics/pepsico's-climate-action-strategy.pdf) suggests that there are 2 different roadmaps for reductions and removals but there are no specific figures. Between 2030-2040, their infographic includes the goals: "Carbon storage through soil sequestration, reforestation and peatland regeneration. However, these are not mentioned at all in the 2023 ESG report. On carbon removal, the infographic refers to "carbon insetting at scale" (labelled as a scalable solution that is needed as opposed to one that is available today), and "carbon storage through soil sequestration, reforestation and peatland regeneration" under the "Agriculture" focus area. The "Agriculture" ESG page (https://www.pepsico.com/our-impact/esg-topics-a-z/agriculture) refers to using regenerative agricultural practices within their value chain and working with farmers to support soil carbon sequestration.
Score Summary
| Ref | Principle |
Score
(points) |
Max
(points) |
Delta
(points) |
|---|---|---|---|---|
| 1 | At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified | 10.0 | 10.0 | 0.0 |
| 2 | Scope 3 emissions are fully reported and externally-verified | 7.5 | 10.0 | 0.0 |
| 3 | CDP score demonstrates the level of transparent disclosures | 9.0 | 10.0 | 0.0 |
| Transparency | 26.5 | 30.0 | 0.0 | |
| 4 | Net Zero Commitments by 2050 include an intermediate target and cover all the emissions | 10.0 | 10.0 | 0.0 |
| 5 | Net Zero targets demonstrate a high-level of emergency | 3.333333333333334 | 10.0 | 0.0 |
| 6 | Emission reduction targets on a forward-looking basis are ambitious | 9.680082182280472 | 10.0 | 0.0 |
| 7 | Targets are science-based as validated by SBTi | 10.0 | 10.0 | 0.0 |
| Commitments | 33.01341551561381 | 40.0 | 0.0 | |
| 8 | Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | 0.0 |
| 9 | Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | 0.0 |
| 10 | Implied Temperature Rating by MSCi | 7.5 | 10.0 | 0.0 |
| Results | 7.5 | 30.0 | 0.0 | |
| Total | 67.0 | 100.0 | 0.0 |
Score Details
| Criteria | Results | 2024 Score | 2023 Score | Vs. 2023 | 2022 Score |
|---|---|---|---|---|---|
| Criteria 1 : Transparency on operational emissions (Scope 1 + 2) | |||||
| Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? | yes | 5.0 / 5.0 | 5.0 | 0.0 | 5.0 |
| Are S1+S2 figures verified by a 3rd-party for the last reporting year? | yes | 5.0/ 5.0 | 5.0 | 0.0 | 5.0 |
| Criteria 2 : Transparency on value chain emissions (Scope 3) | |||||
| Are the 15 categories fully or partly disclosed? | full | 5.0 / 5.0 | 5.0 | 0.0 | 5.0 |
| Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? | partly | 2.5 / 5.0 | 2.5 | 0.0 | 2.5 |
| Criteria 3 : Quality and Frequency of reporting | |||||
| What is the latest CDP score (no later than the preceding year)? | A- | 9.0 / 10.0 | 9.0 | 0.0 | 9.0 |
| How many interim reporting were provided between 2 reporting periods (GHG emissions only)? | |||||
| Criteria 4 : Net Zero Commitments | |||||
| Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? | yes | 3.0 / 3.0 | 3.0 | 0.0 | 3.0 |
| Does the net zero target include an intermediate target by 2030? | 2030 | 3.0 / 3.0 | 3.0 | 0.0 | 3.0 |
| Does the net zero target include all the emissions? | yes | 4.0 / 4.0 | 4.0 | 0.0 | 4.0 |
| Criteria 5 : Target year for Net Zero Commitments | |||||
| Target year for achieving net zero emissions for S1+S2? | 2040 | 1.7 / 5.0 | 1.7 | 0.0 | 1.7 |
| Target year for achieving net zero emissions for S1+S2+S3 combined? | 2040 | 1.7 / 5.0 | 1.7 | 0.0 | 1.7 |
| Criteria 6 : Reduction objectives | |||||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2? | 7.4 | 5.0 / 5.0 | 5.0 | 0.0 | 5.0 |
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? | 4.7 | 4.7 / 5.0 | 4.7 | 0.0 | 4.9 |
| Criteria 7 : Science-Based Targets | |||||
| What type of science-based target (as validated by SBTi) did the company commit to? | Targets Set 1.5°C | 10.0 / 10.0 | 10.0 | 0.0 | 10.0 |
| Criteria 8 : Results based on scope 1 - 2 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
30.0
Actual (in %): 25.7 |
0.0 / 5.0 | 0.0 | 0.0 | 0.0 |
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
7.4
Actual (in %): 3.0 |
0.0 / 5.0 | 0.0 | 0.0 | 0.0 |
| Criteria 9 : Results based on scope 1 - 2 - 3 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
17.3
Actual (in %): 1.9 |
0.0 / 5.0 | 0.0 | 0.0 | 0.0 |
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
4.7
Actual (in %): -6.1 |
0.0 / 5.0 | 0.0 | 0.0 | 0.0 |
| Criteria 10 : Implied Temperature Rise (ITR) | |||||
| Is the company aligned with global climate targets? | ITR: 1.7°C | 7.5 / 10.0 | 7.5 | 0.0 | 7.5 |
| Total | 67.0 / 100.0 | 67.0 | 0.0 | 67.2 | |
Available Data Sources
| Reporting Year | 2021 | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | 2019 | 2018 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Source | NZPDU | Public | Yourstake | Wikirate (NV) | CDP | NZPDU | Public | Wikirate (NV) | CDP | NZPDU | Public | Wikirate (NV) | NZPDU | Wikirate (NV) |
| Publication Year | 2022 | 2022 | unknown | 2022 | 2021 | 2021 | 2021 | 2021 | 2020 | 2020 | 2021 | 2020 | 2019 | 2019 |
| Scope 1 | 3,596,712 | 3,596,712 | 3,596,712 | 3,600,000 | 3,552,706 | 3,552,706 | 3,552,706 | 3,552,706 | 3,552,415 | 3,552,415 | 3,552,415 | 3,552,415 | 3,577,266 | 3,577,266 |
| Scope 2 - location-based | 1,811,114 | 1,811,114 | 1,811,114 | 700,000 | 1,719,610 | 1,719,610 | 1,719,610 | 1,719,610 | 1,556,523 | 1,556,523 | 1,556,523 | 1,556,523 | 1,629,973 | 1,629,973 |
| Scope 2 - market-based | 683,136 | 683,136 | 683,136 | NA | 857,398 | 857,398 | 857,398 | NA | 1,425,255 | 1,425,255 | 1,425,255 | NA | 1,558,167 | NA |
| Scope 1-2 - location-based | 5,407,826 | 5,407,826 | 5,407,826 | 4,300,000 | 5,272,316 | 5,272,316 | 5,272,316 | 5,272,316 | 5,108,938 | 5,108,938 | 5,108,938 | 5,108,938 | 5,207,239 | 5,207,239 |
| Scope 1-2 - market-based | 4,279,848 | 4,279,848 | 4,279,848 | NA | 4,410,104 | 4,410,104 | 4,410,104 | NA | 4,977,670 | 4,977,670 | 4,977,670 | NA | 5,135,433 | NA |
| Scope 3 | 58,408,945 | 58,408,945 | 58,408,945 | 58,000,000 | 54,628,773 | 54,628,773 | 54,628,773 | 54,628,773 | 50,465,066 | 50,465,066 | 50,465,066 | 50,465,066 | 62,817,980 | 62,817,980 |
| Total - location-based | 63,816,771 | 63,816,771 | 63,816,771 | 62,300,000 | 59,901,089 | 59,901,089 | 59,901,089 | 59,901,089 | 55,574,004 | 55,574,004 | 55,574,004 | 55,574,004 | 68,025,219 | 68,025,219 |
| Total - market-based | 60,979,244 | 62,688,793 | 62,688,793 | NA | 57,472,639 | 57,472,639 | 59,038,877 | NA | 54,496,120 | 54,496,120 | 55,442,736 | NA | 67,349,853 | NA |
Sources
- CDP: Data from CDP Climate Change Questionnaire - see CDP website
- Yourstake: Data from YourStake.org - see Free SFDR data library
- Wikirate: Data from Wikirate.org. Scope 1, Scope 2 and Scope 3 emissions metrics designed by Global Reporting Initiative and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under CC BY 4.0. Wikirate-NV means non-verified data sourced in Wikirate. See explanation here
Please refer to the library for viewing the supporting documentation
