An overview of which corporate strategies are reducing the most GHG emissions.
Written by Ashley Currey November 7th, 2023
I’m sure you’ve heard of ESG goals, or the 17 goals the UN created to make earth a more sustainable place. Those goals cover a range of social, governance, and environmental issues, but today we’ll be covering some of the most impactful practices PepsiCo and Mars have implemented specifically to reduce GHG emissions. Looking over both of their sustainability reports, I have noticed a couple of trends within reducing their carbon footprint.
1. Agriculture Strategies
Both companies have the largest amount of their emissions coming from their agricultural sectors, a little over a third for each. PepsiCo is in the process of switching all their agricultural practices to being regenerative and Mars is using farmers that operate at lower carbon intensities as well as sourcing their cocoa from a conversion-free supply chain. Both of these require their suppliers to report their GHG emissions and work together with the firm to achieve a lower emissions rate.
2. Retail Distribution
The second biggest contributor I see for both companies is their distribution of retail products, also known as logistics/retail/distribution in the pie charts below. PepsiCo has focused on getting vehicles that have zero emissions or near-zero emissions, for example, by using all-electric Telsa semi-trucks. Mars, however, has tried to stay away from trucks and instead switched to water or rail.
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