Pepsi wants to grow profits and shrink its carbon footprint. That requires the company to 'go bigger' and 'accelerate' climate action, says top sustainability exec. Presented by Deloitte.
Jim Andrew, Pepsi's executive vice president and chief sustainability officer, told Insider he's confident the strategy will deliver results in the coming years. I spoke to Andrew on the sidelines of Climate Week NYC. Read our conversation below. We've made some great progress, but we need to go bigger on scale and accelerate everything. Regenerative agriculture is really important. We have a big agricultural footprint.
We've also told our independent bottlers and co-manufacturers in the US and around the world to report their emissions by the end of this year and a science-based target to reduce them by the end of 2023.Pepsi said it will be 100% renewable across its value chain, and we're already at 70% around the world. One of the best things our suppliers can do is get onto renewable electricity.
That takes some time to set up. We didn't get any climate benefit from that last year, but we absolutely will this year.It's not as simple as not using a certain cup anymore. There needs to be policy and infrastructure to support collection and sortation. We need consumers to do something. That whole chain needs to work. A well-designed treaty would enable that transition.
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