Black Initiative

Empowering Black People, Businesses and Communities

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Progress update


2022 REJ Black Initiative

Progress highlights and a message from Chairman and CEO Ramon Laguarta

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2022 REJ Update Report Cover



PepsiCo CEO, Ramon Laguarta

A message from our CEO


Our company has long understood and embraced the value of diversity, equity and inclusion, both for our business and our society. But after the world witnessed what happened to George Floyd—and began to reckon with the harsh realities experienced by Black and Brown people long before him—everything changed. We knew we had to step up our efforts, and we saw a unique opportunity to use our size and scale to have a positive influence far beyond our walls.

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A message from our CEO

June 2020

As people around the world demand justice for George Floyd, Ahmaud Arbery, Breonna Taylor, Rayshard Brooks, and far too many others, we have been thinking hard about how PepsiCo can help dismantle the systemic racial barriers that for generations have blocked social and economic progress for Black people in this country. We know that the first step toward change is to speak up, so I want to be very clear: Black Lives Matter, to our company and to me.

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Black student carrying books

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