PepsiCo Inc. has announced updates to its Environmental, Social, and Governance $(ESG)$ goals, focusing on climate, packaging, agriculture, and water. The company aims to achieve net zero emissions by 2050, aligning its Scope 1, 2, and 3 targets with a 1.5°C trajectory, as outlined in the newly released PepsiCo Climate Transition Plan. This adjustment reflects guidance from the Science Based Target Initiative (SBTi) regarding emissions from Forests, Land, and Agriculture $(FLAG)$, as well as Energy and Industry (E&I). Additionally, PepsiCo is set to maintain its 2030 net water positive goal with a refined focus on high-risk areas. The company plans to provide further detailed reporting in its 2024 ESG Summary, emphasizing transparency in its progress. More information on these updates and methodologies can be accessed through PepsiCo's official sustainability documentation.
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