Environmental Protection & Preservation
PepsiCo Makes Largest Corporate Purchase of Renewable Energy Certificates
PepsiCo today announced the landmark purchase of renewable energy certificates (RECs).
Marking the largest REC purchase to date, the purchase matches the
purchased electricity used by all PepsiCo US-based manufacturing
facilities, headquarters, distribution centers and regional offices.
"Energy is a key focus for PepsiCo within its environmental
sustainability agenda," said John Compton, chief executive officer, PepsiCo
North America. "The purchase of these RECs is not only in line with our
progress to date, but further advances our commitment to sustainability and
helps make a positive impact in the communities we serve across the
Green power is produced from renewable resources such as solar, wind,
geothermal, biogas, biomass and low-impact hydro. These energy sources are
considered cleaner and have a superior environmental profile than
conventional sources of electricity. Purchasing RECs helps drive the
development of additional renewable energy capacity nationwide.
PepsiCo's three-year purchase is comprised of more than 1 billion
kilowatt-hours annually. Based on national average emissions rates, the
U.S. EPA estimates PepsiCo's purchase is the same amount of electricity
needed to power nearly 90,000 average American homes annually.
With this purchase PepsiCo tops EPA's list of top-25 green power
purchasers, as well as becoming the top Fortune 500 purchaser. PepsiCo also
becomes a member of the EPA's Green Power Partnership
, which is comprised
of organizations that voluntarily purchase green power as a way to reduce
the environmental impacts associated with conventional electricity use.
"America is shifting to a 'green culture,' with more and more
businesses understanding that environmental responsibility is everyone's
responsibility," said EPA Administrator Stephen L. Johnson. "By switching
to alternative, renewable power sources, PepsiCo is proving that going
green can be the choice of every generation."
PepsiCo, which formed its Environmental Task Force in 2001, and its
divisions are actively involved in a variety of environmental initiatives
and have been recognized for their efforts. For example, Frito-Lay and
Gatorade operate two LEED GOLD certified facilities. The US Green Buildings
Council LEED Rating System is the nationally accepted benchmark for
evaluating sustainable sites, water efficiency, energy and atmosphere
efficiency, material and resource selection and indoor environmental
quality. Tropicana's Ft. Pierce facility has partnered with St. Lucie
County to burn landfill gas, a renewable energy source that displaces the
use of natural gas, in its boiler.
Earlier this year PepsiCo was recognized as ENERGY STAR Partner of the
Year for outstanding energy management and reductions in greenhouse gas
emissions. PepsiCo's Frito-Lay North America division received the award in
PepsiCo is partnering with Sterling Planet on the purchase of the RECs.
Sterling Planet, a leading retail provider of renewable energy, is
identifying and acquiring the RECs for PepsiCo. The company will seek to
source the RECs to model PepsiCo's purchased electricity use
"We are pleased to join with PepsiCo to make history with this
largest-ever purchase of clean, renewable energy certificates. Sterling
Planet will be working closely with PepsiCo to support the strategic
decision to match the RECs to their geographic use of electricity in the
U.S.," said Mel Jones, president and chief executive officer, Sterling
Planet. "This approach should help the local communities where PepsiCo has
a presence to grow local renewable energy sources."
The Green-e program, administered by the Center for Resource Solutions
(CRS), will certify that the RECs meet stringent environmental guidelines
and will verify that the renewable energy credits being purchased for
PepsiCo are retired on PepsiCo's behalf. CRS is a national non-profit
organization working to promote sustainable resource solutions that reduce
greenhouse gas emissions responsible for climate change.
"PepsiCo is demonstrating environmental leadership and innovation while
inspiring other U.S. corporations to take action," said Dan Lieberman,
Green-e program manager, Center for Resource Solutions. "This type of
commitment from PepsiCo makes tremendous strides toward a clean, renewable
energy future for all Americans."
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