Together with Schneider Electric, the leading global consultant on corporate renewable purchasing, PepsiCo has announced pep+ REnew, one of the first collaborations of its kind, and first in the food and beverage industry, to increase value chain partner access to renewable electricity as part of the company’s goal to achieve net-zero emissions by 2040.

The collaboration aims to accelerate the adoption of renewable electricity and create a more resilient and carbon-efficient food system as part of PepsiCo’s pep+ (PepsiCo Positive) transformation.

Specifically, pep+ REnew is designed with two goals: to educate PepsiCo’s value chain partners about their renewable electricity choices, and to quicken the transition to renewable electricity through aggregate power purchase agreements (PPAs) and other renewable electricity procurement options.

For the first pep+ REnew cohort, PepsiCo is inviting a broad array of value chain partners to apply to participate in the program, with the goal to finalize a first buyer’s cohort for an aggregate PPA by the end of 2022.