PepsiCo

Soft Drinks

PEP

$ 184 (0.52)%

Share price

$ 254 bn

Market Cap

$ 286 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.41x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -6.6% weighted average for S&P 500

FY2022

PepsiCo aims to reduce Scope 1 + 2 by 75% by 2030 from a base year 2015

1.5°C

Secondary Climate Goal

PepsiCo aims to reduce all Scopes by 40% by 2030 from a base year 2015

1.5°C

GHG emissions and Carbon intensity

PepsiCo reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4,280 Kt (-130 /-3% y-o-y). Also positively, carbon intensity declined to 54 t (-8.8 /-14% y-o-y).

PepsiCo's Scope 3 emissions grew to 58,409 Kt (+3,780/+6.9% y-o-y). The growth accelerated relative to the long-term trend (+5% CAGR) observed since 4Q'19.

The company is committed to reducing Scope 1 + 2 by 75% by 2030 from a base year 2015, which translates into the estimated reduction of -315 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	4,280	3,597	683	58,409	79,474	54
2020Q4	4,410	3,553	857	54,629	70,372	63
2019Q4	4,978	3,552	1,425	50,465	67,161	74
2018Q4	5,135	3,577	1,558	62,818	64,661	79
2017Q4	5,448	3,735	1,714	62,818	63,525	86
2015Q4	5,763	3,758	2,006		63,056	91