PURCHASE, N.Y., July 21, 2021 /PRNewswire/ -- PepsiCo,
Inc. (NASDAQ: PEP) today published its 2020 Diversity, Equity
and Inclusion (DE&I) Report, debuting an evolved global
strategy underpinned by "A Space to be You"— a fundamental belief
that goes beyond the PepsiCo walls to foster diverse, equitable,
and inclusive principles not only throughout the organization, but
also across its business partners and communities it serves. The
report outlines PepsiCo's diversity journey, while pointing to its
progress and commitments across three distinct pillars: People,
Business, and Communities, taking a holistic view at the impact
made by the company in the last year.
"Like many of our peers, PepsiCo is on a journey from awareness
to commitment to action," said Ramon
Laguarta, PepsiCo's Chairman and CEO. "I am proud to say
that our commitment to equity and inclusion is stronger today than
at any time in our history. We understand that diversity of thought
and experience gives us valuable strategic insights, fuels our
innovation, and helps us attract the best talent. But even though I
am proud of our progress, I know there is still more work to do. As
we take the next steps on our journey, we will remain committed to
the principles of diversity and transparency, whilst stepping up
our action in partnership with employees, consumers, customers, and
communities."
PepsiCo's diversity agenda, which has evolved from Diversity
& Engagement to Diversity, Equity and Inclusion, is a step
forward to unlock the organization's ability to further innovate
for its consumers, deliver first-class service for its customers,
and cultivate a workforce that accurately reflects its
communities.
The company shared progress in its 2020 DE&I Report,
including the following highlights:
A space for People to be themselves:
- Advancing Gender Parity globally with progress currently
at 41%.
- Increasing Black and Hispanic Representation, at 8% and
9% respectively, PepsiCo is on track to meet the goal of increasing
managerial representation in the U.S. to 10% by 2025 in order to
mirror workforce availability.
-
- This goal is part of PepsiCo's Racial Equality Journey, an
investment of more than $570+ million over five years to uplift
Black and Hispanic communities in the U.S. while also increasing
representation of those respective communities within
PepsiCo.
A space for Business partners to progress:
- Investing in diverse suppliers by expanding existing
supplier base and growing the spend by more than $35M incrementally in 2021 with Black and
Hispanic suppliers.
- Amplifying Diverse Voices with the launch of products
and campaigns, including eQlibri® Popcorn in Brazil, a product designed by women for women
and featuring women in its advertising. The brand's "Estoure-se"
campaign encourages women to transform and share the best of
themselves. In Mexico, Doritos
Rainbow created the 1 Million Kisses digital campaign and donated
$50,000 to Cuenta Conmigo, an
organization that provides programs and services that improve the
lives of LGBTQ+ people and their families.
A space for Communities to thrive:
- Unlocking opportunities & cultivating future talent
like The PepsiCo Foundation's partnership with Amal Academy, a
leading nonprofit organization seeking to close the employment gap
in Pakistan by helping graduates
build bridges to their dream jobs through soft skill trainings and
job placement. To date, 3,300+ youth have been positively impacted,
with 80% job-offer rate. Additionally, the company offered virtual
internships to 300 students, half of which were women.
- Meeting the needs of our local communities with the
investment of more than $71 million
and working with 250+ partners to bring food and other vital
resources to global communities most impacted by COVID-19. As part
of this effort, funding was used to provide for protective gear for
healthcare workers, testing and screening services, and the
distribution of 145+ million nutritious meals to at-risk
populations.
"PepsiCo's Diversity, Equity and Inclusion agenda is more
critical than ever following a year of such adversity that
disproportionately affected underserved populations," said
Tina Bigalke, PepsiCo Global Chief
Diversity, Equity and Inclusion Officer. "I am proud of the
progress we've made so far and equally motivated to continue
pushing us to drive measurable impact and meaningful change."
The all-digital and interactive 2020 DE&I Report includes a
snapshot of PepsiCo's diversity journey, pillar focus areas,
progress against goals and other resources. The report and
downloadable assets are available here.
For more information, contact:
pepsicomediarelations@pepsico.com
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion
times a day in more than 200 countries and territories around the
world. PepsiCo generated more than $70
billion in net revenue in 2020, driven by a complementary
food and beverage portfolio that includes Frito-Lay, Gatorade,
Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including 23 brands that generate more than $1 billion each in estimated annual retail
sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Convenient Foods and Beverages by Winning with Purpose. "Winning
with Purpose" reflects our ambition to win sustainably in the
marketplace and embed purpose into all aspects of our business
strategy and brands. For more information, visit
www.pepsico.com.
Cautionary Statement
This release contains statements reflecting our views about our
future performance that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are generally identified
through the inclusion of words such as "aim," "anticipate,"
"believe," "drive," "estimate," "expect," "goal," "intend," "may,"
"plan," "project," "strategy," "target" and "will" or similar
statements or variations of such terms and other similar
expressions. Forward-looking statements inherently involve risks
and uncertainties that could cause actual results to differ
materially from those predicted in such statements, including the
impact of COVID-19; future demand for PepsiCo's products; damage to
PepsiCo's reputation or brand image; issues or concerns with
respect to product quality and safety; PepsiCo's ability to compete
effectively; PepsiCo's ability to attract, develop and maintain a
highly skilled and diverse workforce; water scarcity; changes in
the retail landscape or in sales to any key customer; disruption of
PepsiCo's supply chain; political or social conditions in the
markets where PepsiCo's products are made, manufactured,
distributed or sold; PepsiCo's ability to grow its business in
developing and emerging markets; changes in economic conditions in
the countries in which PepsiCo operates; future cyber incidents and
other disruptions; failure to successfully complete or manage
strategic transactions; PepsiCo's reliance on third-party service
providers; climate change or measures to address climate change;
strikes or work stoppages; failure to realize benefits from
PepsiCo's productivity initiatives; deterioration in estimates and
underlying assumptions regarding future performance that can result
in an impairment charge; fluctuations or other changes in exchange
rates; any downgrade or potential downgrade of PepsiCo's credit
ratings; imposition or proposed imposition of new or increased
taxes aimed at PepsiCo's products; imposition of limitations on the
marketing or sale of PepsiCo's products; changes in laws and
regulations related to the use or disposal of plastics or other
packaging of PepsiCo's products; failure to comply with personal
data protection and privacy laws; increase in income tax rates,
changes in income tax laws or disagreements with tax authorities;
failure to adequately protect PepsiCo's intellectual property
rights or infringement on intellectual property rights of others;
failure to comply with applicable laws and regulations; and
potential liabilities and costs from litigation, claims, legal or
regulatory proceedings, inquiries or investigations.
For additional information on these and other factors that could
cause PepsiCo's actual results to materially differ from those set
forth herein, please see PepsiCo's filings with the Securities and
Exchange Commission, including its most recent annual report on
Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors
are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they
are made. PepsiCo undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE PepsiCo, Inc.