Varun Beverages
Varun Beverages Limited, a prominent player in the beverage industry, is headquartered in India and operates extensively across various regions, including North and Central India, as well as international markets. Founded in 1995, the company has established itself as a leading bottler and distributor of carbonated soft drinks, primarily under the PepsiCo brand, alongside a diverse range of non-carbonated beverages. With a commitment to quality and innovation, Varun Beverages offers unique products such as Pepsi, Mountain Dew, and Tropicana, catering to a wide consumer base. The company has achieved significant milestones, including rapid expansion and a strong market presence, making it one of the largest bottlers for PepsiCo in the world. Varun Beverages continues to thrive, driven by its dedication to excellence and customer satisfaction.
DitchCarbon Score
How does Varun Beverages's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Beverage Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Varun Beverages's score of 50 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Varun Beverages's reported carbon emissions
In 2024, Varun Beverages reported total carbon emissions of approximately 3,561,939,940 kg CO2e, with emissions distributed across various scopes: 88,224,200 kg CO2e (Scope 1), 352,883,170 kg CO2e (Scope 2), and a significant 3,120,832,570 kg CO2e (Scope 3). This represents a notable increase from 2023, where total emissions were about 2,974,608,000 kg CO2e, comprising 74,260,000 kg CO2e (Scope 1), 305,164,000 kg CO2e (Scope 2), and 2,595,184,000 kg CO2e (Scope 3). Varun Beverages has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, in alignment with the Paris Agreement. Near-term targets include a 60% reduction in absolute Scope 1 and 2 emissions by 2033 from a 2023 baseline, and a similar 60% reduction in Scope 3 emissions within the same timeframe. Long-term goals further extend to a 90% reduction in both Scope 1 and 2 emissions by 2050, as well as Scope 3 emissions. Additionally, the company has committed to reducing its Scope 2 emissions to near zero by 2025 and aims for a 25% reduction from a 2021 baseline by 2030. A four-pronged approach is being implemented to achieve a 50% reduction in absolute greenhouse gas emissions by 2030, alongside increasing the renewable energy share in its electricity consumption by 25%. These initiatives reflect Varun Beverages' proactive stance in addressing climate change and reducing its carbon footprint within the food and beverage processing sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 26,840,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 129,110,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 534,760,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Varun Beverages is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
