PepsiCo Inc. (NASDAQ: PEP) has promoted itself as becoming a more inclusively-managed company with the publication of its most recent Global Diversity, Equity and Inclusion (DE&I) Report.
According to the new report, the Purchase-headquartered PepsiCo has a 44% level of gender parity in managerial roles globally, with a goal of 50% by 2025. The 50% goal has already been achieved in the U.K. operations.
Within the U.S., Black and Hispanic representation increased at the managerial level to 9.0% and 10.1%, respectively, while PepsiCo spends more than $1 billion annually with diverse suppliers. The company has also supported nearly 1,000 Black-owned and Hispanic-owned food trade businesses through platforms including the PepsiCo Foundation’s Black Restaurant Accelerator program and PepsiCo Juntos Crecemos.
“Our rich legacy of DE&I serves as a compass that guides our actions, and this year’s report is a testament to our continued evolution,” said Tina Bigalke, PepsiCo’s global chief diversity, equity and inclusion officer. “While there’s more work to be done, we remain committed to our journey and to harnessing the power and passion of the changemakers in this report ”“ all of whom are united in their efforts to build a more equitable workplace and society.”
