We at PepsiCo are committed to regularly reporting our progress and bringing greater transparency to our human rights work.
2020 has brought many issues into sharp focus, including the need to continue to advance the respect of human rights around the globe. At PepsiCo, we know that it is the right thing to do, for our business and our world. Our aim is to help build a more sustainable food system for everyone, and we know that our full potential can only truly be recognized when all of our stakeholders, including farmers, growers, employees and community partners, are treated with the dignity and respect they deserve.
Our aim is to help build a more sustainable food system for everyone.
On December 10, 1948, The United Nations General Assembly adopted the Universal Declaration of Human Rights. This landmark document established the rights we are all entitled to regardless of our race, religion, sex, origin or other status — principles that feel more important than ever today.
For the past decade, PepsiCo has taken targeted action to identify, prevent and address potential human rights impacts across its value chain. Steered by the UN Guiding Principles on business and human rights, we have established a global approach and continue to deepen our commitment and role in advancing respect for human rights.
In 2020, we continued this progress and published our first standalone Human Rights Report, highlighting our commitment, approach and progress in advancing respect for human rights across our value chain.
This same commitment has informed our response to COVID-19, guiding how we’ve protected our associates, cared for their families and supported our communities around the world. It has also guided our Racial Equality Journey commitments, a more than $500 million set of initiatives focused on people, business and communities to help build a more equitable, more inclusive world.
In 2020, our progress in advancing Human Rights was recognized by the Corporate Human Rights Benchmark, where we ranked in the top 10 of the roughly 200 companies assessed across four sectors and second in the agricultural products category. But we acknowledge that it is a journey. There is still much work ahead of us, and we are committed to regularly reporting our progress and bringing greater transparency to our human rights work.