PepsiCo
Corporate Bias Rating
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Risk Level:
Summary:
PepsiCo scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, PepsiCo increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. PepsiCoforces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. PepsiCo is a member of GARM. The company pledged $400 million toward BLM and related causes and matches employee donations to Planned Parenthood. PepsiCo is a corporate partner of the HRC, a founding member of PGLE, and requires unconscious bias training for all its employees. The company is a member of the Business Coalition for the Equality Act, supports transgender participation in girls' sports, and federalized voting systems. PepsiCo is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company is committed to carbon neutrality by 2040 and lobbies in an ideological manner. PepsiCo opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. PepsiCo is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, PepsiCo receives a High Risk rating.
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CEO of PepsiCo
Ramon L. Laguarta
Summary:
Headquartered in Purchase, New York, PepsiCo is a member of the Fortune 250 operating in the Food Beverage and Tobacco industry. Ramon L. Laguarta and Ramon L. Laguarta serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $24,750 to Republican causes and $4,812,251 to Democratic causes. Under their tenure, PepsiCo currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$24,750
$4,812,251
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/3/23 | Governance | Paul Chesser, National Legal and Policy Center | Independent Board Chair | Against | 24.60% |
5/3/23 | Social | John Harrington | Global Transparency Report | Against | 18.10% |
5/3/23 | Social | As You Sow, on behalf of Longview Largecap 500 Index | Report on Risk of State Policies Restircting Reproductive Healthcare | Against | 16.10% |
5/3/23 | Social | As You Sow | Report on Impacts of Reproductive Healthcare Legislation | Against | 15.60% |
5/3/23 | Environmental | National Center for Public Policy Research | Report on Net-zero Emissions Policies | Against | 1.90% |
5/4/22 | Governance | Kenneth Steiner | Require Independent Board Chair | Against | 31.12% |
5/4/22 | Social | Harrington Investments, Inc. | Report on Global Public Policy and Political Influence | Against | 17.63% |
5/4/22 | Social | John Bishop Montgomery Trust | Report on Public Health Costs of Food and Beverages Products | Against | 13.74% |
In the News
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