• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 3 days Bad news for e-cars keeps coming
  • 17 mins The United States produced more crude oil than any nation, at any time.
G7's Awkward Climate Finance Secret

G7's Awkward Climate Finance Secret

Reuters reports that G7 nations…

Green Hydrogen Hype Gets Dose of Reality

Green Hydrogen Hype Gets Dose of Reality

As hydrogen plans become more…

Charlotte Dudley

Charlotte Dudley

Charlotte is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Premium Content

Pepsi to go Fossil Fuel Free in Ambitious Renewables Target

Pepisco’s plans to go fossil fuel-free in the UK and Ireland by 2023 are entirely feasible – provided the company is prepared to pay, an analyst says.

Pepsico UK announced plans in its latest environmental sustainability report released last Friday, for its manufacturing and distribution operations in the UK and Ireland to be fossil fuel-free within the next 12 years. The company aims to achieve this goal by replacing its delivery fleet with low-emission vehicles, taking its manufacturing sites off the water grid and “weaning” its manufacturing and distribution sites off fossil fuels and onto renewable energy sources.

By 2026, Pepsico aims to meet all its operational energy needs from renewable sources. Currently 4% of its energy comes from renewables.

“It is a deliberately ambitious target that will require further fundamental change of our business and a policy framework that supports investment in low-carbon technology and infrastructure,” the company said, adding that meeting the goal would lend it a “competitive advantage” in the market.

Since 2008, Pepsico has reduced its carbon footprint by 3.7% while its business has grown by more than 15%, an achievement the company attributes largely to energy efficiency improvements and the “gradual shift” to renewables.

Pepsico is exploring options for onsite or off-site renewable power generation and possible power partnerships, the company said. It is also attempting to reduce water usage by recycling water from its potatoes for use in the chip manufacturing process.

As well as the eponymous cola drink, Pepsico UK brands include Walkers Crisps, Doritos and Quaker Oats.

David Cunningham, a clean-tech and renewables analyst at corporate finance group Altium Securities in London, said Pepsico’s goals for going fossil fuel free were both “reasonable” and “doable” . He said the company could feasibly meet its renewable energy objectives by pursuing energy options such as wind, solar, hydro and geo-thermal.

“Carbon neutrality is very much doable – if you’ve got the money,” he said, adding that an increasing number of leading corporate brands see the value in boosting their green credentials.

By. Charlotte Dudley

ADVERTISEMENT

Source: Environmental Finance


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News