Established in 1898, PepsiCo is a world leader in providing convenient snacks, foods and beverages with revenues of more than $39 billion. The company employs more than 198,000 people worldwide and sells its brands in approximately 200 countries. Environmental stewardship is a core part of PepsiCo's vision, and the corporation is taking measures to reduce their energy consumption and transform their business model, by replacing their existing use of oil, gas and fossil fuels in manufacturing with renewable energy sources.
Industrial Partner Since 2004
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Incentives to Participate
Short-term goals are established for each facility after reviewing its scorecard performance. PepsiCo then determines plant management annual bonuses upon successful completion of these goals. PepsiCo has discovered that linking bonuses with plant performance has encouraged employees to conserve energy.
Tracking Energy Use Reduces Operating Costs
PepsiCo's action plan involves implementing a sustainability filer process for all capital expenditures over $5 million and lowering the economic hurdles for energy management projects. This effectively increases the simple payback period to 4-5 years and has allowed PepsiCo to create important energy-management projects in anticipation of record energy inflation.