Mumbai, April 6 (Agency) Food and beverages major PepsiCo has collaborated with Schneider Electric to accelerate the adoption of renewable electricity as part of the former’s goal to achieve net-zero emissions by 2040. “PepsiCo and Schneider have announced pep+ REnew, a one-of-its-kind collaboration to increase value chain partner access to renewable electricity as part of the company’s goal to achieve net-zero emissions by 2040,” Schneider said in a statement issued here on Wednesday.
The collaboration aims to accelerate the adoption of renewable electricity and create a more resilient and carbon-efficient food system as part of PepsiCo’s pep+ transformation. It aims at educating PepsiCo’s value chain partners about their renewable electricity choices, and to quicken the transition to renewable electricity through aggregate power purchase agreements (PPAs) and other renewable electricity procurement options. “The creation of pep+ REnew directly supports our ambitious goal to achieve net-zero emissions across our value chain by 2040 – one decade earlier than called for in the Paris Agreement,” said Jim Andrew, Chief Sustainability Officer, PepsiCo. Commenting on the collaboration, Steve Wilhite, President, Schneider Electric Sustainability Business said, “By creating greater access to large-scale renewable electricity, our partnership with PepsiCo aspires to add more renewable electricity capacity to power grids around the world.”