– PepsiCo’s First Net-Zero Plant by 2025
– Amazon Launches Largest Electric Truck Fleet
– Mars Launches $47M Dairy Carbon Initiative
– Meta and Solarpack Ink Solar Energy Deal
Market Recap
Markets made further gains with the ESG focus strategy (+1.66%) leading for a second consecutive week. The non-ESG strategy (MSCI ACWI) produced middle of the road performance with a +1.44% return.
(1 week performance from 06/05/24 to 10/05/24)
PepsiCo to Achieve its First Net Zero Plant by 2025
Food and beverage giant PepsiCo announced today that its beverage plant in Northern Spain aims to become the company’s first plant globally to reach net-zero emissions by 2025.
According to PepsiCo, the new achievement follows investments of €27 million (USD$29 million) dedicated to innovation and sustainability projects in the plant over the past five years, in addition to a €5 million decarbonisation-focused electrification project.
Amazon Launches Their Largest-ever Fleet of Electric Trucks
Amazon are now rolling out nearly 50 heavy-duty electric trucks in the Southern California—their largest fleet of electric trucks so far. This launch moves Amazon towards decarbonising every step of delivery across first, middle, and last mile. Trucks in middle mile move customer orders between Amazon’s fulfilment centres, sort centres, air facilities, and delivery stations, where packages are loaded into last-mile delivery vans. Amazon have installed over 45 direct current (DC) fast chargers across 11 sites to power the trucks.
Mars Launches Initiative to Tackle Carbon Footprint of Dairy Supply Chain
Mars have announced the launch of “Moo’ving Dairy Forward,” a new initiative aimed at reducing the carbon footprint of its dairy sourcing, backed by $47 million of investment over three years.
Raw ingredients account for over 70% of the Mars’ total GHG emissions, with dairy as the second largest contributor to the carbon footprint of the company’s Snacking business. Mars’ products require the dairy from more than 200,000 cows and 1,000 farms.
Meta Signs Deal Renewable Energy from Solarpack
Renewables developer Solarpack announced energy purchase agreements with Meta, enabling the construction of two new solar projects in Indiana, totalling 210 Megawatts.
Meta will purchase the renewable energy from Solarpack’s two new solar projects, which will support Meta’s operations in Indiana, including the company’s planned new data centre in the state. The agreement marks the latest in a series of U.S.-based renewables deals for Meta, including a 349 MW purchase agreement in March for a solar project in Missouri.
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Sources.
Anthony Walters – Head of ESG at Clever Adviser Technology Ltd (Clever)
Market recap – Data sourced from FE FundInfo & Koyfin (quoted in Pounds Sterling).
PepsiCo to Achieve its First Net Zero Plant by 2025, by ESG today, 09/05/24
Amazon Launches Their Largest-ever Fleet of Heavy-duty Electric Trucks across Southern California by ESG News, 10/05/24
Mars Launches Initiative to Tackle Carbon Footprint of Dairy Supply Chain by ESG Today 09/05/24
Meta Signs Deal for 210 MW of Renewable Energy from New Solar Projects in Indiana, by ESG today 13/05/24
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