Raw: [
PepsiCo Europe announced today the launch of a new long-term partnership with crop nutrition company […]]
PepsiCo, Yara to Provide Farmers with Low-Carbon Fertilizers, Tools to Decarbonize Food Production – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Companies/ Environment
PepsiCo, Yara to Provide Farmers with Low-Carbon Fertilizers, Tools to Decarbonize Food Production
Susan Lahey
July 16, 2024
PepsiCo Europe announced today the launch of a new long-term partnership with crop nutrition company Yara aimed at providing farms in the EU and UK with low-carbon fertilizers, crop nutrition programs, and other tools to help decarbonize the food value chain.
According to PepsiCo and Yara, the collaboration is intended to support farmers and reduce their costs through the transition to meet EU goals for sustainable food production. Agriculture has emerged as a major focus area for climate action, as the sector accounts for a significant proportion of GHG emissions, and is among the most difficult areas in which to address climate impact. Agriculture contributes a significant proportion of the climate impact of the food and beverage sector, which in turn accounts for approximately a third of global GHG emissions.
Under the new program, PepsiCo and Yara will help farmers across Europe adopt low-carbon agricultural practices, with the companies providing lower carbon footprint fertilizers, precision farming digital tools, and best-practice agronomic advice. The companies said that the program aims to reach around 1,000 farms and 128,000 hectares across the EU and the UK.
The new initiative follows the launch by PepsiCo in 2021 of its wide-ranging sustainability agenda, pep+, which includes “Positive Agriculture” as one of its three key pillars, with a goal to spread regenerative practices across the company’s 7 million acre agricultural footprint.
Archana Jagannathan, Chief Sustainability Officer at PepsiCo Europe said:
“This partnership with Yara aligns with our end-to-end transformation known as PepsiCo Positive (pep+) and will be critical as we transition towards the net-zero food system of the future. Targeting Scope 3 emissions is central to our pep+ agenda, but it can be one of the most challenging areas to directly influence. Providing our farmers with fertilizers that have a lower carbon footprint and supporting them to improve crop nutrition end-to-end will allow us to make a significant step towards our target of achieving net zero by 2040.”
Yara will deliver up to 165,000 tons of primarily Yara Climate Choice fertilizer per year to PepsiCo, covering around 25% of the company’s crop fertilizer needs in Europe by 2030. These include low-carbon-footprint fertilizers produced from renewable ammonia, or from low-carbon ammonia via carbon capture and storage (CCS) from a facility currently under construction in Yara Sluiskil. The mix will also include Yara’s standard premium nitrate-based mineral fertilizers produced using natural gas.
The program will begin with potato farms, and is expected to expand to other crops such as oats and corn. PepsiCo said 29% of carbon emissions for its potato operations in Europe are related to fertilizer production and 25% to fertilizer in-field emissions.
Mónica Andrés Enríquez, Executive Vice President for Europe at Yara said:
“To grow a nature-positive food future and transform our food system, we need to collaborate across the food value chain. We’re excited to work with first movers like PepsiCo to help make this a reality. Decarbonizing food production will be critical to delivering on the Paris Agreement – and farmers will play a key role in helping us get there.”
Susan Lahey
Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.
Related Posts
Companies /
SHEIN Launches €200 Million Textile Circularity Fund
Environment /
Climate Tech Startup 44.01 Raises $37 Million to Scale Solution to Turn CO2 into Rock
Companies /
Guest Post: Talent Mobility’s Crucial Role in the ESG Agenda
‹ Clean Energy Transaction Platform LevelTen Raises $65 Million to Expand into New Markets
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Energy Impact Partners Appoints Jeff McDermott as Head of Strategic Finance
Demeter Invests in H2 Green Steel
Deutsche Bank Issues Inaugural €500 Million Social Bond
ING Appoints Cindy Jia as Head of Sustainable Finance, Americas
Government
Canada to Invest up to $1 Billion in Oil Sands Carbon Capture Projects
UK Government Appoints Carbon Trust CEO Chris Stark to Lead New Clean Energy Transition Team
EU Rolls Out Tariffs on Chinese EVs Following Anti-Dumping Investigation
Switzerland Proposes Major Expansion in Sustainability Reporting Requirements for Companies
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
