Gender parity is a cornerstone of our robust diversity, equity and inclusion (DEI) agenda. Having a diverse, equitable, and inclusive workforce is a competitive business advantage that fuels innovation, strengthens our reputation, and fosters engagement with the communities we serve. We strive to improve the attraction, retention, and advancement of diverse associates to ensure we sustain a high-caliber pipeline of talent.
Our goal is to achieve 50 percent women in managerial roles by 2025. The key to achieving our goal is supporting employees in building successful and fulfilling careers, while doing our part to support them through different stages of their life and career. We aim to drive this agenda forward by doing the following:
Provide greater flexibility through our Benefits & Policies:
- Childcare. We provide on-site childcare at our New York headquarters and near-site childcare for our Frito-Lay North America headquarters in Texas, with care provided by highly trained and reputable third-party providers. We also currently offer access to on-site or near-site childcare at select international locations. Back-up childcare services are available through third party providers when a regular care provider is unavailable.
- Facilities. In more than half of our locations worldwide with 500 or more employees, we have either dedicated mother’s rooms, wellness rooms, or alternate space available for nursing mothers.
- Caregivers. For our North American parents and specifically women feeling an increased economic impact during the pandemic, we enhanced work flexibility, educational support (virtual tutoring) and dependent care reimbursement.
- Parental Leave. In the U.S., PepsiCo offers 6 weeks paid parental leave, plus 6-8 weeks of paid medical leave for the birthing parent, totaling a potential for 6-14 weeks of paid leave associated with the birth of a child.
- Flexibility. Navigating our new normal means providing employees the flexibility in where and how they work. While prioritizing the health and well-being of our associates, we’ve established policies for associates - in partnership with their manager - to have the flexibility to choose location based on role, work activities, and team.
Development and retention trainings:
- Our Transformational Leadership Program (TLP), a unique program designed to equip women with the tools they need to elevate their business impact and achieve career fulfillment. By providing participants with the knowledge and skills to navigate a global matrix organization, and increase their effectiveness and influence, TLP helps propel high-performing teams and innovation at PepsiCo. This program is active in the U.S., Europe, Asia, Middle East, and North Africa across multiple functions and levels.
- PepsiCo's Pinnacle Group is an example of our efforts to grow the number of female leaders. The organization was created to increase retention of PepsiCo female sales talent, and strengthen and diversify our future leadership pipeline. The program selects female sales associates with strong performance records and provides them with career development, leadership training and mentoring opportunities with senior sales leaders.
- In Latin America, our INSPIRA Talent Development Program is a multiyear program aimed at building female bench, driving engagement, and reducing turnover by offering manager and executive women tools, knowledge and experiences to accelerate their growth. It also prepares men and women to act as change agents who intentionally eliminate barriers and shape a culture of inclusivity.
Building resilient women-owned businesses:
- PepsiCo sponsors The Women’s Business Enterprise National Council pitch competition, which gives women-owned business enterprises a stage to pitch for funding and highly valued mentorship with PepsiCo leaders.
- Staying true to the roots as a female-founded brand, Stacy’s Pita Chips has committed to empowering and supporting women entrepreneurs on their paths to establishing a successful business. To further our mission, Stacy’s launched the Rise Project, a program dedicated to helping women grow their businesses through funding, mentorship, and community. To date, Stacy’s has invested more than $300,000 to #HelpWomenRise.
Mentorship and workforce readiness programs:
- Founded in 2014 in partnership with PepsiCo, Million Women Mentors is a program that leverages mentorship as a means of inspiring, developing and retaining women who seek to work in STEM (Science, Technology, Engineering, and Math) fields. PepsiCo STEM employees have pledged more than 23,000 hours of mentoring since 2014 across 10 chapters globally, including Plano, New York, Illinois, Florida, Canada, Ireland, U.K., Europe, Mexico, and Hyderabad.
- PepsiCo’s Women with Purpose launched a partnership with FUNDES Latin America to provide education, employment and entrepreneurship opportunities to more than 12,000 women from 2016–2022. We are investing $1.5 million USD in this program.
Agriculture and farming initiatives:
- Globally, women in agriculture and farming are facing extraordinary hardships. In partnership with CARE, PepsiCo is supporting She Feeds the World, a program that trains female farmers around the world in everything from increasing crop yield to providing nutrition resources so they can be successful. The existing grassroots structure creates a support system during emergencies and shocks like the COVID-19 pandemic. Women farmers account for more than half the world’s crop production, but frequently don’t have the infrastructure and resources to support their work. When we invest in women farmers, it helps uplift communities and create a more sustainable food system that benefits everyone.
- In 2020, PepsiCo announced a five-year, $20 million partnership with U.S. Agency for International Development to make agriculture more inclusive and empower female farmers, women-owned enterprises and women-led suppliers, especially during these times. As part of PepsiCo’s efforts to make agriculture more inclusive, the partnership is designed to empower female farmers, women-owned small- and medium-enterprises, rural communities, and women-led PepsiCo suppliers to improve the sustainability and resilience of rural farming communities.
In 2020, 41 percent of management roles were held by women, an improvement from 37 percent in 2015. Senior leadership roles held by women include our Latin America CEO; Executive Vice President of Global Operations; Controller; President of Global Foodservice; Chief Strategy and Transformation Officer, and Global Chief Diversity and Engagement Officer.
In 2020, the Global Diversity and Engagement team launched a mandatory Inclusive Leadership and Unconscious Bias Training for our U.S. executives — the first digital learning installment under the Global Diversity and Engagement Team’s Inclusive Leadership training suite. The training offers lessons about the science behind unconscious bias, bias awareness, as well as mitigation tips, strategies, and success stories.
As of January 2021, 100 percent of the required population completed the Inclusive Leadership and Unconscious Bias program. We are expanding the program globally.
We created a Global Female Sponsorship Taskforce with an aim to build a framework and toolkit that will enable our global leadership teams to accelerate key female talent. It will also enable leaders to better identify and remove bias to deliver organizational change.