June 16, 2020
- PepsiCo implemented a Creative Agency Diversity policy for the selection of legal services, including annual audits.
Learn more about PepsiCo’s commitments here.
- The Black Restaurant Accelerator program will boost approximately 500 Black-owned businesses over the next five years. The PepsiCo Foundation is providing a $10 million grant to fund the program, which will provide current and aspiring Black restaurateurs with access to capital, training, mentorship, and other support services that are necessary for business success. Click here to read more.
- PepsiCo reached a milestone to expand their existing two-year/trade certificate Community College Scholarship program and establish scholarship support for Black students transitioning from 2-year to 4-year programs.
- PepsiCo invested $10 million to support access to education for Black and Hispanic students through the S.M.I.L.E scholarship. Click here to read more.
- The company increased Black managerial representation to 8%, including adding 28 Black associates to executives ranks.
- With the Pepsi Dig In initiative, $5.8 million have been dispersed to local Black-owned restaurants.
- PepsiCo expanded its existing Black supplier base.
- The company has committed to implementing mandatory unconscious bias training.
- PepsiCo committed to expanding its recruitment efforts with Historically Black Colleges and Universities and Community Colleges.
National Urban League
Pepsi joined forces with the National Urban League to launch the Black Restaurant Accelerator program.