PepsiCo accused of poor climate risk management, warned of $4.4bn annual costs

Planet Tracker’s analysis of the Climate Action 100+ member company has found the food and beverage giant has failed to disclose the material financial impact associated with potential carbon pricing mechanisms linked to its Scope 3 (indirect) emissions, despite these emissions accounting for more than 90% of the company’s total footprint.

The report also stated that, unless future emissions are mitigated, PepsiCo will miss its science-based targets (SBTs) by 58%.