Global beverage manufacturer, PespiCo has announced new initiatives together with updated data on the progress its made to address climate change.
PepsiCo has announced that by reducing fuel consumption in its transportation fleet by 24 percent since 2010, the company has effectively prevented 55,000 metric tons of carbon dioxide from entering the atmosphere. Pepsi has also announced that its looking to further reduce fuel consumption for its trucks and vehicles into the future.
In addition, Pepsi outlined several new initiatives to reduce the carbon intensity of its trucking fleet by working with suppliers to seek lower carbon fuel alternatives.
“The transportation sector is a significant contributor to carbon emissions and Pepsi’s progress is welcome news for investors, consumers and the planet,” stated Leslie Samuelrich, president of Green Century Capital Management, which manages the first family of responsible and diversified fossil fuel free mutual funds—the Green Century Equity Fund and the Green Century Balanced Fund.
“Pepsi is reducing its dependency on polluting fossil fuels, which we hope leads to more use of cleaner energy sources,” stated Samuelrich.
Pepsi’s plan includes implementing a formal Request for Proposal process seeking low carbon fuel alternatives from its suppliers. In addition, Pepsi will work through the Business for Social Responsibility’s (BSR) Future of Fuels program on finding ways to reduce the carbon intensity of its fleet.
“As investors, we are encouraged that PepsiCo has signaled to the market and its suppliers the company’s aspiration to reduce the carbon intensity of its trucking fleet,” noted Lucia von Reusner, Shareholder Advocate for Green Century. “We urge PepsiCo to report on progress towards this goal, and set strong fuel efficiency goals moving forward.”