THE WHAT? PepsiCo, Givaudan, Smurfit WestRock and Statkraft have signed a 10-year renewable energy agreement to support decarbonisation across their European value chains.
THE DETAILS The companies entered into a Virtual Power Purchase Agreement (VPPA) tied to a repowered wind asset in Spain, expected to reduce emissions by approximately 32,000 metric tons of CO₂ annually. The deal was facilitated through PepsiCo’s pep+ REnew programme, which aggregates energy demand across partners to unlock access to long-term renewable electricity. This marks the programme’s second VPPA cohort and its first in Europe, with PepsiCo acting as the lead buyer alongside suppliers Givaudan and Smurfit WestRock. The initiative also leverages upgraded turbine technology to increase output while minimising environmental impact by reusing existing infrastructure.
THE WHY? The agreement reflects growing collaboration across supply chains to meet net-zero targets, enabling companies to scale renewable energy adoption and reduce Scope 3 emissions more efficiently.
Source: PR Newswire
