In 2024, PepsiCo completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
PepsiCo has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,295,259a | 3,377,000c | 3,481,530d | |
Total Scope 2 | ||||
Market-Based | 171,846a | 304,000c | 750,058d | |
Location-Based | 1,791,933a | 1,752,000c | 1,834,309d | |
Total Scope 3 | 26,000,000b | 51,949,737c | 57,176,847d | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 35.875a | 36.9188c | 40.2992d |
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In 2024, the total operational greenhouse gas (GHG) emissions of PepsiCo amounted to 5,087,192 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of PepsiCo decreased by 0.82%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ac
In 2024, the total Scope 1 emissions of PepsiCo were 3,295,259 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, PepsiCo's Scope 1 emissions have decreased by 7.24%, reflecting a declining long-term trend in Scope 1 emissions over time.ae
Compared to the previous year (2023), PepsiCo's Scope 1 emissions decreased by 2.42%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ac
In 2024, PepsiCo reported Scope 2 greenhouse gas (GHG) emissions of 171,846 tCO₂e using the market-based method and 1,791,933 tCO₂e using the location-based method.a
Since 2019, PepsiCo's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 15.12%, reflecting a rising long-term trend in Scope 2 emissions over time.ae
Compared to the previous year (2023), PepsiCo's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that PepsiCo's emissions have plateaued with no significant change in its energy consumption footprint.ac
In 2024, PepsiCo reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, PepsiCo reported 26,000,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.b
The 2024 disclosure of PepsiCo includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, down from 6 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.b
In 2024, PepsiCo reported total Scope 3 emissions of 26,000,000 metric tons of CO₂ equivalent (tCO₂e).b
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.b
Since 2019, PepsiCo's Scope 3 emissions have decreased by 48.48%, reflecting a declining long-term trend in Scope 3 emissions over time.be
Compared to the previous year (2023), PepsiCo's Scope 3 emissions decreased by 49.95%, highlighting the company's efforts to lower indirect emissions from its value chain.bc
In 2024, PepsiCo reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.b
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to PepsiCo's Scope 3 emissions were:b
In 2024, PepsiCo reported Scope 1 greenhouse gas (GHG) emissions of 3,295,259 tCO₂e and total revenues of USD 91,854 millions. This translates into an emissions intensity of 35.88 tCO₂e per millions USD.a
In 2024, PepsiCo reported a Scope 1 emissions intensity of 35.88 tCO₂e per millions USD. Compared to the peer group median of 28.13, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, PepsiCo ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
PepsiCo is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, PepsiCo reported a total carbon footprint of 31,087,192 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 45.54% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.abc
The largest contributor to PepsiCo's total carbon footprint was Scope 3 emissions, accounting for 83.64% of the company's total carbon footprint, followed by Scope 1 emissions at 10.6%.ab