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Coca-Cola vs PepsiCo: Total Greenhouse Gas Emissions in 2021

Industry: Consumer
Current: ESG

Among the beverage companies, PepsiCo and Coca-Cola are major emitters of greenhouse gases
In 2021, total GHG emissions (Scope 1 & 2) of Coca-Cola were 5.17 MtCO2eq
Total GHG emissions of PepsiCo in 2021 were 4.28 MtCO2eq

GHG Emissions in Consumer Sector

Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the Companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.

Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.

Coca-Cola vs PepsiCo

The Coca-Cola Co (Coca-Cola) is a US-based producer, distributor, and marketer of non-alcoholic beverages. It markets beverages under the brand names Sprite, Coca-Cola Zero, Diet Coke, Fanta, Powerade, Dasani, FUZE TEA, Minute Maid, Simply, Georgia, and Del Valle. It has a market capitalization of $236 billion as of October 2022. Total GHG emissions (Scope 1 & 2) of Coca-Cola in 2021 were 5.17 million tonnes of CO2 equivalents (MtCO2eq), an increase of 8% from 2020. The FMCG company aims to reduce its absolute GHG emissions by 25% and to be carbon neutral by 2050.

PepsiCo Inc (PepsiCo) is a US-based manufacturer and marketer of non-alcoholic beverages and food products. It markets these products under various brands, including Pepsi, Pepsi Max, Mountain Dew, Lay's, Frito-Lay, Gatorade, Quaker, and Yachak. It has a market capitalization of $224 billion as of October 2022. Total GHG emissions of PepsiCo in 2021 were 4.28 MtCO2eq, a decrease of 0.7% on an annual basis. PepsiCo aims to achieve net zero carbon emissions of Scope 1 & 2 by 2030 and decarbonize its Scope 3 emissions by 2050.

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