One of the most recent announcement made by PepsiCo, is to power their operations in the United States with renewable energy sources like wind energy and solar energy before this year ends. This implies that, the company’s products Bubly, Pepsi, Gatorade, Lay’s will be produced using the wind and solar energy. PepsiCo’s operations in the United States contribute about half of the total electricity consumed by the company, throughout the world.
According to Ramon Laguarta, the company’s CEO, the company has taken this decision because of the dangerous threat that the change in climate creates to the Earth.
Prior to this announcement, PepsiCo had done many changes in the way they consume electricity. One of those changes is erecting solar panels on their worldwide headquarters, which is located in Purchase, New York. Adding to it, the company also had a solar energy system placed on top of its Frito-Lay plant, in the year 2008. They also had a solar panel structure in California’s central valley, Modesto.
This action plan, if implemented accurately, will reduce the green-house gas emissions by 20% throughout the value chain by the year 2030.
Their vision is not only limited to the US. Nine European countries in their directory draw electricity from the renewables. By 2018, In Mexico, 76% of their energy requirement was met by wind energy. In San Pedro Sula, a facility uses a 3-megawatt solar display was set up on the roof. 20% of their energy requirement was met in this way. This solar panel was considered to be the largest photovoltaic rooftop in Latin America, until 2015.
The company said it will use this plan to create a food system which is more sustainable. PepsiCo calls it the “next generation” agricultural strategy. A part of this plan is steering towards solving sustainability problems at the farm base.
According to the global Rooftop Solar PV Market report published by Value Market Research, the market is expected to touch USD XXX MN by 2027, with a CAGR of 9% growing from USD 60000 MN in 2020.
According to the reports, PepsiCo is doing better than its rival, Coca-Cola in terms of emissions. Coca-Cola is emitting 15% more than its 2004 baseline.
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.