Pledge by PepsiCo
PepsiCo and Nature Based Solutions to 1.5°CDeveloping a Long-Term Strategy for Achieving Net-Zero Emissions by 2050
Supporting actions: Sustainable Forestry, Avoided Deforestation,
As one of the world's leading food and beverage companies, PepsiCo is committed to doing our part to curb climate change by reducing GHG emissions across our value chain. That’s why in early 2020, we signed the UN’s Business Ambition for 1.5C pledge, joining other leading companies in committing to set science-based emissions-reduction targets, across our entire value chain, aimed at limiting global warming to 1.5°C above pre-industrial levels, while also developing a long-term strategy for achieving net-zero emissions by 2050. We recognize that achieving this ambition will require investing significantly in technologies and initiatives to not only reduce our GHG emissions but also remove carbon from the environment.
Our participation in the 1t.org initiative and commitment to forest conservation and restoration is an important part of that effort. To help maximize the amount of carbon our world’s forests are able to capture, we’re working with a range of partners, from The Nature Conservancy, which is helping us conserve forests in and around key watersheds in the United States, to the World Wildlife Fund, who we have partnered with to address the recent wildfires in the Amazon, to a coalition organized by the World Resources Institute to improve the monitoring and traceability of palm oil in Indonesia in order to further advance our commitment to no deforestation.
Through our global Sustainable Agriculture Program, we are helping many of the thousands of smallholders we work with to implement our global policy on deforestation free supply chain: No Deforestation, No Peatland Development, No Exclusion of Communities, along with No Conversion of High Carbon Stock (HCS) forests, and No conversion of High Conservation Value (HCV) Areas by investing in capacity-building and conservation programs in collaboration with partners and external stakeholders including governments, civil society, and local communities.
The Nature Conservancy, IDH and Verified Sourcing Area, Leuser Conservation Forum, Aceh Tamiang Farmers and Fishermen Group Association (KTNA), Forest Management Unit (KPH) Region III Aceh, Oxfam, Proforest, Conservation International, WWF, Walton Family Foundation, National Fish and Wildlife Foundation, Upper South Platte Partnership, Wells Fargo Foundation, MillerCoors, Denver Water, U.S. Forest Service, Colorado State Forest Service, American Forest Foundation, Coalition for the Upper South Platte, Jefferson Conservation District, Colorado Forest Restoration Institute, Clean Water Management Trust Fund, Ecosystem Enhancement Grant, Bat Conservation International, City of San Antonio, Bexar County, Department of Defense – Camp Bullis, Edwards Aquifer Authority, San Antonio Water System, and Private Individuals.
PepsiCo is developing a long-term strategy for achieving net-zero emissions by 2050 and the science based target of 1.5 degrees. The actions we take on the ground in the various geographies are in collaboration with local partners who understand, engage and work with communities and stakeholders.