Mubasher: PepsiCo seeks to achieve net-zero emissions across its production cycle system by 2040, according to a press release on Thursday.
By 2030, the company plans to reduce carbon emissions by over 40%, more than double compared to the previous climate target, to address the escalating climate crisis.
Hence, more than 26 million metric tonnes of greenhouse gas emissions are expected to be lowered, equivalent of taking five million-plus cars off the road for a full year.
To fulfill its target, the New York-based company will first focus on its agricultural supply system, working with farmers in Illinois to depend on cover crops to enhance soil health and limit the need for fertilizer.
Meanwhile, sustainable programmes have raised potato yields while decreasing carbon emissions in the company's network of demonstration farms in Mexico, Argentina, Brazil, India, and Vietnam.
The food and beverage company will also apply its sustainable goal to packaging, factory floors, and delivery vehicles.
The company works on decreasing plastic and exploring new ways to use recycled plastic in packaging, while developing zero and near-zero emission technologies in warehousing, transportation, and distribution facilities.
In 2020, PepsiCo has already implemented part of its objective by providing 100% renewable electricity to its operations in the US and installing a single windmill at the Tropicana plant in Zeebrugge.
PepsiCo Chairman and CEO, Ramon Laguarta, commented: "The severe impacts from climate change are worsening, and we must accelerate the urgent systemic changes needed to address it."
PepsiCo Chief Sustainability Officer, Jim Andrew, commented: "It’s long overdue that companies move beyond just minimizing their environmental impact."