Schneider Electric advised PepsiCo on its renewable energy VPPAs. The original press release may be found here.

PepsiCo Accelerates efforts to build a more resilient and sustainable food system, reducing absolute GHG emissions more than 40% by 2030 across entire value chain

Achieves 100% renewable electricity in U.S.; Advances global progress with plans to fully transition direct electricity needs to renewable sources in Mexico and Australia by end of 2021

The urgency to act on climate change has never been greater, and, in the absence of global regulation, companies are voluntarily stepping up to fill the gap. As of the publication of this blog post, more than 1000 companies have set public science-based carbon reduction targets through the Science-based Targets Initiative (SBTI), while hundreds more have committed to renewable energy, energy efficiency, and electric vehicle adoption through The Climate Group’s RE100, EP100, and EV100 programs.

• An integrated approach is needed to fully decarbonize cities.
• Digitalization across buildings, mobility and energy infrastructure is key to achieving net zero carbon.
• Decarbonizing cities will not just benefit the environment, but also the jobs market, public health and well-being of communities.

Asia-based companies are generally moving in the right direction and addressing their energy consumption, thought there is still some way to go. A survey of large companies with at least $250m in annual revenue by Schneider Electric found that 34 percent of energy professionals were less than confident that their current corporate sustainability goals would be effective in helping their organisation while and 14 per cent were not at all confident.

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