PepsiCo

InfluenceMap Score
C+
Performance Band
77%
Organisation Score
51%
Relationship Score
Sector:
Consumer Staples
Head​quarters:
New York City, United States
Brands and Associated Companies:
Pepsi, Gatorade, Tropicana, Quaker Oats
Official Web Site:
Wikipedia:

Climate Lobbying Overview: PepsiCo appears to have active and largely positive engagement with climate change legislation, primarily in the EU. The company’s engagement is mostly limited to high-level statements and joint letters that do not comment on climate legislation or regulation in detail.

Top-line Messaging on Climate Policy: PepsiCo's website, accessed in January 2022, states support for the Paris Agreement and calls on governments globally to take action in line with a 1.5C target. In October 2021, PepsiCo signed a letter to U.S. policymakers supporting the climate provisions in the Build Back Better Act (reconciliation bill). The company supports carbon pricing, as evident in a September 2021 joint letter to G20 governments coordinated by We Mean Business, which advocated for a “meaningful price on carbon” among other measures ahead of COP26.

Engagement with Climate-Related Regulations: PepsiCo’s engagement with specific climate policy is mostly positive. In formal comments to the European Commission submitted in April 2020, PepsiCo supported the EU Emissions Trading Scheme and the EU Carbon Border Adjustment Mechanism (CBAM), without specifying a position on the removal of existing exemptions in the CBAM. In formal comments to the EU commission in April 2020, PepsiCo supported raising the ambition of the EU’s 2030 Climate Target and the the European Climate Law, although with caveats around the need for “regulatory simplicity and realism” in the latter. From 2017-2019, through the Climate Leadership Council (CLC), PepsiCo advocated for a US federal level carbon tax that is revenue-neutral through dividends returned to US citizens. However, the CLC’s position included support for rollback of other forms of carbon regulation like the Clean Power Plan. The Council’s most recent Bipartisan Climate Roadmap, released in August 2021 and endorsed by PepsiCo, continues to advocate for “trading the most ambitious carbon price enacted by any leading emitter nation for regulatory relief.”

Positioning on Energy Transition: In a September 2021 joint letter to G20 governments, PepsiCo advocated for the removal of fossil fuel subsidies. In response to an EU consultation in April 2020, PepsiCo showed support for an innovative energy transition in Europe, emphasizing the need for technological innovation in areas such as carbon emissions reduction technologies, transportation efficiency, and alternative fuels. Beyond this, InfluenceMap found little evidence of PepsiCo’s position on, or engagement with, policy related to the transition of the energy mix.

Industry Association Governance: PepsiCo discloses a list of industry associations of which it is a member but provides limited details on the company’s role within each association, the extent to which its own positions align with those of the groups, and actions taken to address misalignment. The company has not published a formal review of its alignment with its industry associations. PepsiCo remains a member of powerful groups largely opposed to U.S. climate policy, such as the National Association of Manufacturers and California Chamber of Commerce. While Pepsi remains a member of the U.S. Chamber of Commerce, it has stated it does not share the Chamber's views on climate and does not serve on the Board. PepsiCo is also a member of Business Roundtable, which demonstrates mixed positions on climate policy.

QUERIES
DATA SOURCES
12NA1NS1NS
22NS122NS
111222NS
12NANSNS1NS
-1NA0NANANANS
2NS212NSNS
NSNSNS1NS1NS
NSNSNSNS21NS
NSNSNSNSNS0NS
NS11112NS
NS20NS1NSNS
0NA-2NANANANS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
23%
 
23%
 
84%
 
84%
 
79%
 
79%
 
29%
 
29%
 
52%
 
52%
 
28%
 
28%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.