PepsiCo is on track to have 50% of its management roles globally held by women by 2025 and Black and Hispanic manager representation is rising in its U.S. business, the beverage and snack maker announced in its new 2022 global diversity, equity, and inclusion report.
Women held 44% of PepsiCo’s management roles globally in 2022, up from 43% in 2021 and 41% in 2020. Last year, women filled around 50% of management roles in the U.K, two years ahead of schedule.
Black representation at the manager level in the U.S. increased to 9% in 2022, up from 8.3% in 2021. The goal is 10% by 2025. Hispanic representation at the manager level in the U.S. reached just over 10%, up from 9.5% in 2021. That 10% target was hit three years ahead of schedule.
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Through 2022, the company supported nearly 1,000 Black-owned and Hispanic-owned businesses through programs including the PepsiCo Foundation's Black Restaurant Accelerator program and PepsiCo Juntos Crecemos, which offer coaching, marketing, online presence support and delivery logistics.
The DE&I initiatives are part of PepsiCo’s larger pep+, or PepsiCo Positive agenda, which includes goals around agricultural practices, sustainable supply chain and packaging improvements, and reducing added sugars, sodium and saturated fats in PepsiCo products.