“By collaborating with PepsiCo’s value chain, we aim to expand access to renewable energy solutions, support the transition to cleaner power, and accelerate progress toward our climate goals.
“Collaborations like this demonstrate how action with stakeholders across the value chain and long‑term ambitions can support drive meaningful modify for our business, members of our value chain, and the planet.”
By signing the treaty, PepsiCo marks its second successfully signed VPPA under its programme.
The company served as the lead purchaseer for the agreement which is why aggregation of renewable energy demand will be carried out by Givaudan and Smurfit WestRock.
A pep+ European Cohort
Launched in 2022, pep+ REnew has grown into a global platform supporting more than 250 companies across North America, Latin America, Europe, and APAC.
The VPPA not only represents the programme’s second completed cohort, but the first renewable electricity cohort in Europe.
As part of pep+, PepsiCo has updated its 2030 climate tarreceives applying a baseline from 2022.
The company is tarreceiveing a 42% reduction in Scope 3 energy and indusattempt emissions, as well as a 30% reduction in forest, land and agriculture Scope 3 emissions.
These goals form part of PepsiCo’s broader, Sciences Based Tarreceives initiative validated pathway to achieve net zero emissions by the latest date of 2050.
“This agreement is a compelling example of how we are bringing to life sustainable growth with customers,” states Willem Mutsaerts, Head of Global Procurement and Sustainability, Givaudan.
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