PepsiCo accelerates racial equality efforts

PepsiCo has announced the creation of a new North America organisation dedicated to efforts both inside and outside of the company to help address inequalities for historically excluded people and under-served businesses and communities.

The new Multicultural Business and Equity Development Organisation will operate across PepsiCo's North America beverage and convenient foods businesses and integrate work streams aimed at addressing a variety of business and people priorities designed to enable PepsiCo to drive sustained change.

The announcement is a part of the company’s Racial Equality Journey, a key pillar of the its pep+, or PepsiCo Positive, transformation in the way it creates growth and shared value.

The company's REJ commitments were originally announced in 2020 and centered around investing more than US$570m over five years to increase Black and Hispanic representation, leverage the company's scale and influence across suppliers and strategic partners, and help address systemic barriers and create economic opportunities for Black and Hispanic Americans.

Image: PepsiCo's pep+ strategy outlines the company's transformation goals "with sustainability at the centre".

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