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Climate Adaptation

PepsiCo Pledges to Achieve Net-Zero Carbon Emissions by 2040

  • Goal is 10 years ahead of 2050 deadline set by many scientists
  • More firms set net-zero goals amid increasing climate extremes
A PepsiCo Inc. Facility And Products Ahead Of Earnings Released
Photographer: Luke Sharrett/Bloomberg

PepsiCo Inc. has pledged to achieve carbon neutrality by 2040, adding to the growing list of major companies including Amazon.com Inc. that aim to reach net-zero greenhouse gas emissions a decade ahead of scientists’ guidance.

The maker of Mountain Dew, Quaker Oats and Tropicana juice said the goals include curbing absolute emissions across its direct operations by 75% and its so-called Scope 3 emissions -- those generated in the supply chain or by customers using the products -- by 40% from 2015 levels by the end of this decade. Currently, Scope 3 emissions account for about 91% of PepsiCo’s carbon footprint, according to Jim Andrew, chief sustainability officer.