A message from Ramon about the 2021 DE&I report

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For us, DE&I is a business imperative. We rely on the diversity of our teams to innovate and build our brands. We drive an inclusive environment to ensure our associates can perform at their best. And we lead with equity by providing the tools and resources needed to build strong teams and deliver strong business results. DE&I is and will continue to be a competitive advantage for our company, driving our performance and enabling our sustained growth over the long-term. This is why Raising the Bar on Talent and Diversity is a key component of our culture, The PepsiCo Way. It ensures DE&I is embedded in our DNA and tightly woven into our strategy. It also fosters an environment of dignity and respect for employees of every race, background, orientation and belief.

I know this well from my nearly 30 years with PepsiCo. It’s a special company with a special culture, where a middle-class boy born in Barcelona can rise to lead one of the largest companies in the world. This is an opportunity that can only be realized in a true meritocracy. One that values new and creative ideas, strong performance, and sees DE&I as more than just a program or initiative, but integral to achieving our business objectives.

I’m proud to say my story isn’t unique at PepsiCo. In this year’s Global Diversity, Equity, and Inclusion Report, you’ll learn more about our actions and read and hear stories about our associates from around the world, including:

• Kety Castro in Venezuela, part of our first production line in Santa Cruz operated solely by women.
• Phumeza Nobhongoza in South Africa, who worked as part of the team that developed our Graduate and Future Leaders program helping young people advance their skills and careers.
• John J. Valdes in the U.S., a veteran who, over the course of his 15-year career with PepsiCo, has leveraged his military skills to drive results in a fast-paced environment.

Through their incredible talent, dedication, and passion, they’ve helped us progress towards our goals.

Whilst our work isn’t complete, I’m excited by the steps we’re taking to support gender parity, advance pay equity, and increase diverse representation at the managerial level, whilst also helping uplift marginalized communities. 

As we look to the year ahead, we remain committed to advancing this agenda with transparency and accountability. Together with our associates, business partners and communities, we can achieve our DE&I goals and build a company that is not only successful and sustainable, but inclusive and welcoming to all.

Ramon Laguarta (he/him)

Chairman & CEO

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Progress at PepsiCo: A message from our CHRO

We are charting a new course to drive positive action for the planet and our people as part of our pep+ (PepsiCo Positive) agenda, and remain committed to being transparent about our actions. Currently, we are tracking our progress as a company for two specific goals:

• Gender Parity: Achieve 50% women in global management roles by 2025.
• U.S. Black and Hispanic Managerial Representation: Increase U.S. Black and Hispanic managerial representation to 10%, respectively, to mirror workforce availability of the communities where we operate. A goal that is part of our more than $570 million set of commitments to advance racial equality.

As of Q2 2021, we've increased our global female managerial representation to 43%. In the U.S., we've maintained Black and Hispanic managerial representation at 8% and 9%, respectively.

While it’s clear there’s more work to do, I am confident that this increased transparency, coupled with our concerted efforts and dedication, will ensure our diversity journey continues to enable us to fulfill our mission to Create More Smiles with Every Sip and Every Bite.

Ronald