ESG Topics A-Z
Diversity , Equity and Inclusion
Why it matters
To PepsiCo:
PepsiCo aims to create a more diverse, equitable, and inclusive world. This means addressing inequality in the workplace, in our business partnerships, and in our communities. We understand that it is not only the right thing to do, it is the right thing to do for our business. This commitment is woven into our values and our beliefs that PepsiCo is strongest when we embrace the full spectrum of humanity, regardless of what we look like, where we come from, or who we love.
To the World:
We know that bias in the workplace against ethnic minorities, women, and the LGBTQ+ community occurs around the world. This not only infringes on the human rights of individuals, but also deprives society of full employment, productivity, and wealth.
Approach
At PepsiCo, we know that our company can only succeed when our associates and the societies we serve flourish. That's why we are committed to fostering a diverse workforce by creating a collaborative, equitable, and inclusive space where everyone, regardless of what we look like, where we come from or whom we love, has a voice that is heard and valued. Because when we have a space to authentically be ourselves, and explore each other's ideas with compassionate curiosity, we can deliver more smiles, and build a better and more positive workplace and world.
PepsiCo was built on the foundation that we thrive because of our diversity, and we believe we have a responsibility and unique opportunity to help address societal challenges. To meet our pep+ (PepsiCo Positive) ambitions, and contribute to a better workplace and world, we will continue to help address inequalities for historically marginalized people and underserved businesses and communities.
Our diversity values apply both in our own workplaces and also throughout our value chain, across three key pillars:
People: A space to be themselves
PepsiCo has a strong legacy of leading in diversity practices, starting in the 1940s as a pioneer in creating an all-Black sales force, in the 50s as among the first major companies to have a woman on our Board, and into the 80s as a vanguard of multicultural marketing. Our goal is to increase diverse representation, build inclusive leaders across the organization, and help uplift people from underserved communities globally. To achieve these goals, we plan to discover and attract diverse talent, retain and develop our talent, and foster an inclusive environment within PepsiCo. Since 2016, we have set external goals around gender parity, pay equity, and prosperity for all our communities. And in 2020, we launched our Racial Equality Journey in the U.S. which among other areas, includes a focus on increasing Black and Hispanic representation at the manager level within PepsiCo to mirror the workforce availability of the communities where we operate.
Business: a place for partners to progress
Our goal is to build more resilient diverse-owned businesses and leverage a broader diversity of partners across our market, distribution network, and customers to better reflect the many markets we serve. By investing in diverse suppliers, strengthening diverse-owned businesses and amplifying diverse voices, we will empower historically marginalized people and strengthen our business. We are leveraging our scale and influence across suppliers and strategic partners to increase and fortify our spend with diverse suppliers, and leveraging our external partnerships and brand platforms to elevate diverse voices.
Communities: a place for communities to thrive
Our goal is to enhance community prosperity by helping members to earn success, enjoy economic opportunity and gain mobility through investments in education, health, and nutrition as well as workforce readiness. We will work with communities to unlock opportunities and cultivate future talent, meet the needs of our local communities and catalyze positive change. We’re working to drive long-term change by addressing systemic barriers to economic opportunity and advancing economic empowerment. For example, as we work towards Positive Agriculture, we are working to improve the livelihoods of more than 250,000 people across our agricultural supply chain and in our communities, including by economically empowering women. We will focus our work on the most vulnerable farming communities linked to our global value chain, including smallholder farmers and farm workers, women and minority farmers.
Progress
People: a space to be themselves
We implemented mandatory Unconscious Bias and Inclusive Leadership Training for U.S. executives, 100% of the required population completed the training. For more information on our pay equity goal, see Pay Equity. We also increased the representation of women and people of color1 in our business, including at the leadership level. For more on our workforce representation progress, see Employee Demographics.
Business: a place for partners to progress
In 2021, our diverse supplier spend was more than $1.6 billion in the United States. This includes Tier 2 spend reported by non-diverse suppliers on diverse subcontractors, further demonstrating PepsiCo's commitment to expanding engagement of diverse suppliers in our supply chain. As part of our Racial Equality Journey, we have worked to strengthen relationships with Black- and Hispanic-owned businesses and suppliers in the U.S. In 2021, we spent nearly $500 million with Black- and Hispanic-owned suppliers. The PepsiCo Foundation provided ~$2.5 million in funding across 250 businesses impacted by the pandemic in the U.S.
Communities: a place for communities to thrive
We are working to address systemic barriers, help catalyze positive change in our local communities. Through the actions of the PepsiCo Foundation and striving to achieve our Positive Agriculture ambitions, we are working to economically empower communities across our supply chain. For example, our One Smile at a Time volunteer program seeks to empower our associates with the resources and time needed to cultivate prosperity in our communities. One Smile at a Time is accessible in more than 21 languages and provides a framework, resources and infrastructure for associates to access and register for volunteering opportunities through the PepsiCo Foundation, our Employee Resource Groups, Green Teams and our individual brands. In 2021, more than 80 volunteer programs were run through our platform.
For more information on our efforts to improve diversity in the workplace, in our value chain, and in our communities, see the Diversity, Equity & Inclusion page on our website and the Racial Equality Journey Year in Review.
What's Next
Achieving our diversity, equity, and inclusion goals is a key priority under pep+. To this end, we expect to focus on the following priorities in the coming year:
- Continuing our Racial Equality Journey;
- Investing in our communities across the world; and
- Building an inclusive workforce that reflects the real world and improving opportunities for all.
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Last Updated
December 20, 2022