PepsiCo releases 2022 equity report
PepsiCo released its 2022 Global Diversity, Equity and Inclusion (DE&I) Report this week. Results show that women now hold 44% of management roles at the company, globally.
"At PepsiCo, Diversity, Equity, and Inclusion are more than just words – they are the backbone of who we are and a key pillar of our pep+ journey," said Ramon Laguarta, PepsiCo's chairman and CEO. "We are committed to driving the principles deep into all aspects of our business and giving everyone the tools, training, and resources to ensure we are all doing our part."
Since its launch in 2021, PepsiCo Positive (pep+), has acted as a guiding principle for the company to “drive positive action for the planet and people”. Part of that is DE&I. Some of the key accomplishments that Pepsi is celebrating is the gender parity in the company’s global management, a commitment to pay equity and support for marginalized communities around the world.
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PepsiCo’s latest DE&I report outlined the progress made across three strategic pillars:
A space for people to be themselves
- Focused on managerial roles globally, the company has set a goal of 50% women in managerial position by 2025. So far that number sits at 44%.
- In partnership with non-profit INJAZ Egypt and the Ministry of Higher Education, PepsiCo Egypt's She Works Wonders program helped boost women's access to male-dominated fields through mentorship and internships.
- In 2022, women filled approximately 50% of management roles in the U.K.
- Black and Hispanic representation in the U.S. increased at the managerial level to 9% and 10.1%, respectively.
- PepsiCo expanded its Racial Equality Journey in Brazil, where it committed to increasing Black representation in leadership roles by 2025. In 2022, 35% of new hires in Brazil were from the Black community.
A space for business partners to grow
- PepsiCo continues to spend more than $1 billion annually with diverse suppliers – contributing to an overall spend of nearly $30 billion across PepsiCo's value chain over the past 40 years of its Supplier Diversity program.
- Through 2022, the company supported nearly 1,000 Black-owned and Hispanic-owned businesses through innovative platforms which offer coaching, marketing, online presence support, and delivery logistics.
A space for communities to thrive
- Unlocking opportunities and cultivating future talent through the Rania Rizk Young Arab Women Leaders Scholarship program.
- PepsiCo and the PepsiCo Foundation partnered with the University of Paris II Leadership Council to provide Arab female students the opportunity to pursue higher education in law and to enter the workforce.
- Meeting the needs of local communities by leveraging employee time and talents to help indigenous people succeed.
- Since 2001, over 3,500 designated employees have supported more than 70 Indigenous organizations in 11 regions across Australia and New Zealand. In 2022, as part of the Jawun's 6-week immersion program, PepsiCo's employees offered knowledge and skills to help these local leaders achieve their own development goals.
"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."
