DIVERSITY, EQUITY & INCLUSION At PepsiCo, we know that our company can only succeed when our associates and the society we serve flourishes. That’s why we are committed to fostering a diverse workforce by creating a collaborative, equitable and inclusive space where everyone, regardless of what we look like, where we come from or who we love, has a voice. A space where we aren’t just heard, but we are actively listened to. A space where we don’t just talk, but we are free to speak fearlessly. A space where we’re not just content, but we are confident. Because when we have a space to authentically be ourselves, explore each other’s ideas with compassionate curiosity, can we move from uniformity to diversity. From diversity to equity and inclusion. Only when we are open about our identity, our story, our highs and our lows, can we deliver more smiles, and build a better, more positive workplace and world. DE&I Annual Report 2020 Workforce Demographics Celebrating Our History Gender Parity Empowering Courageous Engagement Investing in Our Communities Racial Equality Journey Learn about our actions in 2020 to help create a more diverse, equitable, and inclusive workplace and world for our business partners and communities. A Message from Our CEO, Ramon Laguarta DOWNLOAD THE REPORT PepsiCo Diversity, Equity & Inclusion Annual Report 2020 OUR STORIES 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. 1Based on base compensation 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. 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