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PepsiCo Inc. is transitioning its global business operations to source 100% renewable electricity across all of its company-owned and controlled operations by 2030, the food and beverage giant announced Monday.
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The company hopes to expand the effort across its entire franchise and third-party operations globally by 2040, which is said to help reduce approximately 2.5 million metric tons of greenhouse gas emissions, according to PepsiCo.
AL GORE PROMOTES MOVEMENT TO CUT GLOBAL EMISSIONS IN HALF BY 2030
This is equivalent to taking more than half a million cars off the road for a full year, the company said.
To hold itself accountable, PepsiCo has become the latest company to join the RE100 initiative, a global initiative led by the Climate Group in partnership with CDP that works to bring together businesses around the world committed to 100% renewable electricity.