Diversity & Engagement
At PepsiCo, we recognize that supporting diversity and engagement 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 guiding philosophy of Winning with Purpose vision, which recognizes that our company is strongest when we are a company of opportunity that embraces the full spectrum of humanity. That means both building a more diverse, more inclusive workplace, and promoting what we call courageous engagement in our company and the communities we serve.
PepsiCo’s commitment to Diversity & Engagement comes to life in the 2018 Diversity Report: PepsiCo’s Position. The report highlights examples and initiatives that advance diversity.
We’re committed to increasing our diversity and have set a global goal to reach gender parity in management roles by 2025.
PepsiCo has a strong legacy of leading in diversity practices, starting in the 1940s as a pioneer in hiring African American salespeople, 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. Together, with their different perspectives, experiences, and backgrounds, our people are building on this legacy and creating our future across the more than 200 countries and territories in which we operate. Since 2016, we have made external commitments around gender parity, pay equity, and prosperity for all our communities, and each year we continue to celebrate our champions of diversity and inclusion with the Harvey C. Russell and Steve Reinemund Awards.
PepsiCo leverages diversity and engagement as a competitive business advantage that fuels innovation, strengthens our reputation, and fosters engagement with employees and members of the communities in which we do business. We strive to improve the attraction, retention, and advancement of global and diverse talent to ensure we sustain a high-calibur pipeline, and have set a target to reach gender parity in management roles by 2025.
To guide us on this journey, PepsiCo is an endorser of the United Nations Women’s Empowerment Principles–Equality Means Business. The Principles offer insight to companies with regard to empowering women in the workplace, marketplace and community.
We are also proud to be part of Catalyst, CEO Champions for Change. This group includes more than 50 high-profile CEOs publicly pledging to advance more women and women of color into senior leadership positions and onto their boards.
At PepsiCo, we encourage our associates to courageously engage and drive change. Whether that’s standing up and speaking out, sharing opinions or experiences, or creating an environment conducive to dialogue.
Our associates are invited to participate in employee resource groups (ERGs) to help drive a culture of diversity, inclusion and engagement. We support their collective efforts by telling their stories, including events such as the celebration of International Women’s Day by our Women’s Inclusion Network, events around Pride Month led by EQUAL, our group for LGBT+ employees and allies, to the inspiring work of MOSAIC, our ERG for Black associates, through celebrating Dr. Martin Luther King Jr. Day and Black History Month events in the U.S.
We have also taken the CEO action pledge, which is supporting a more inclusive workplace for employees, communities, and society at large.
PepsiCo is partnering with the PepsiCo Foundation to support environmental, educational and nutritional initiatives to spur prosperity in communities near where our employees live and work. Our efforts include working to invest USD 100MM in initiatives that will benefit at least 12.5MM women and girls around the world by 2025, with a focus on helping 1.5MM young women progress through school and be successful in the workforce.
An important focus of the Foundation's work is providing skills training and support services that allow women and girls to be able to increase their earnings potential, which benefits not just women but also their families and local communities. We are particularly focused on initiatives that support women in agriculture, including our groundbreaking effort to close the Crop Gap by helping women farmers gain access to the same resources as men.
PepsiCo was built on the foundation that we thrive because of our diversity and we can take steps together to advance to a more united, equitable and inclusive tomorrow. In June 2020, Chairman and CEO Ramon Laguarta announced our Racial Equality Journey commitments, and it was just the beginning of our work to impact structural change across all the diverse communities we serve. This is a journey, and we are committed to equality.
PepsiCo’s Racial Equality Journey Black Initiative is an investment of $400+ million over five years to uplift Black business and communities, and increase Black representation at PepsiCo. Learn more about our Racial Equality Journey Black Initiative and our People, Business and Community approach.
PepsiCo’s Racial Equality Journey Hispanic Initiative is an investment of $172 million over five years to address issues of inequality and create opportunity for Hispanics across our workforce, supply chain and communities. This investment is in addition to our 2020 target to spend $275 million with Hispanic suppliers. Learn more about our Racial Equality Journey Hispanic Initiative and our People, Business and Communities approach.
Honoring Harvey C. Russell
Harvey C. Russell was a member of the first all-black sales force, created in 1947 to sell Pepsi to the African-American community. In 1962, he made history at PepsiCo when he was named vice president, becoming the first black officer of a major U.S. multinational corporation.
To honor Harvey’s legacy of inclusion as a driver of business success, PepsiCo established the Global Harvey C. Russell Inclusion Award in 2003 to recognize associates who go above and beyond to support the company’s diversity efforts.
A Legacy of Veteran Hiring
In the United States, Valor, one of our employee resource groups at PepsiCo, supports veterans, the military and their families as they transition from the military to the civilian workforce. Each May, in honor of the Memorial Day holiday, PepsiCo truck drivers pay tribute to the nation’s (and the company’s) war veterans with “Rolling Remembrance,” a 5,400-mile journey from California to New York to transport an American flag once flown on a U.S. military combat mission.
Supplier Diversity: Leading by Example
Since 1982, PepsiCo has been committed to supporting the development and growth of minority suppliers by sourcing goods and services from a diverse supplier base. Our focus is to develop long-term sustainable relationships with minority, women-owned or LGBT+ enterprises (M/WBEs) that add value, provide innovation and bring continuous improvements to our supply chain.
Women With Purpose in Latin America
In 2017, PepsiCo invested USD 1.5MM to launch “Women with Purpose,” a program to support at least 10,000 women in Latin America by providing education, entrepreneurship and employment opportunities. Over the next five years, PepsiCo Latin America in partnership with FUNDES Latin America, will offer professional training and seek to integrate women into local value chains, as employees or entrepreneurs. The program will support 10,000 women in Argentina, Brazil, Mexico, Colombia and the Dominican Republic.
Celebrating Different Abilities
In markets around the world, PepsiCo is committed to providing individuals with disabilities with equal opportunity and treatment. In Colombia, for example, PepsiCo implemented “Growing Together, a Journey with Our Hearing-Impaired Team,” an innovative program developed with the help of 40 hearing-impaired associates who developed solutions for their own needs, offering ongoing sign language training for associates, executive forums, and new partnerships with institutions that will allow training, certification and opportunities for hearing-impaired associates.
Commitment to Pay Equity
PepsiCo has robust, long-standing processes for managing pay programs that ensure pay equity across employee groups. We have increased the rigor of our pay equity review processes a goal to achieve global pay equity.
Our goal is in line with the statement we made in 2016, when we signed the White House Equal Pay Pledge. As part of this pledge, we set a goal to implement a comprehensive, global annual review process to support pay equity for women. As a Fortune 50 company, we felt it was important to add our voice to this conversation and take a leadership position in regards to pay equity.
As of 2020, we had implemented this process in 71 countries that collectively make up more than 99 percent of our salaried employee population. Our results show that in this population, women and men are paid within 1 percent of each other and in the U.S., Asians, Blacks, and Hispanics are paid within 1 percent of non-minorities1, after controlling for legitimate drivers of pay such as job level, geographic location and performance ratings.
This gives us confidence that our efforts to achieve pay equity are producing good results. Importantly, we are also gaining insights into how we can advance pay equity in every country in which we operate. In the years ahead, we will continue this process across additional markets.
Supporting the LGBT+ Community Through Our Products
PepsiCo has a long history of supporting LGBT+ consumers. For example, in 2015 PepsiCo demonstrated its commitment to LGBT+ consumers through its rainbow-colored Doritos. First launched in North America, the initiative has since been adopted in both Mexico and Brazil, with each iteration raising funds for non-profit organizations including the It Gets Better Project, Fundación en Movimiento, Casa 1 and Cuenta Conmigo, Diversidad Sexual Incluyente A.C. Further to this, PepsiCo has also supported the LGBT+ community through social media campaigns to engage consumers and sponsorships of local pride parades around the world.
In March 2019, the Human Rights Campaign awarded PepsiCo a perfect score for our LGBT+ workplace initiatives and designated us the Best Place to Work for LGBTQ equality. Read more here.