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Specialty Lists: No. 4 on The Top
10 Companies for LGBT Employees, No. 3 on The Top 10 Companies for People With
Disabilities, The Top 5 Global Diversity Companies list
Industry: Consumer Products
Main Competitors: The Coca-Cola Co., Cadbury Schweppes, Kraft
Foods
U.S. Headquarters: Purchase, N.Y.
Number of U.S. Employees: 168,000
Annual Revenue: $39.5 billion
% of Operations Outside U.S.: 45 |
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Why
It's on the Top 50: With strong commitment from Chairman and CEO Indra
Nooyi, PepsiCo gets high marks for Corporate and Organizational Diversity and
its global-diversity commitment.
Diversity Strengths: Nooyi meets
regularly with employee-resource groups around the world. She holds her direct
reports accountable for diversity goals and personally signs off on their
compensation tied to diversity.
The company has both an African-American
and Latino external diversity councils, in addition to its internal diversity
council. The external councils meet quarterly and are presided over by Nooyi.
PepsiCo has a robust mentoring program, in which 30 percent of its managers
participate. The mentoring program has specific goals and follow-up and includes
training for the mentors.
PepsiCo also has very strong employee-resource
groups, with 40 percent of employees participating. This includes a group
specifically for white males, which is unusual. The groups have been in
existence for more than 10 years, are funded by the company, and meet during the
workday. A senior executive is a member of each group.
The company has
mandatory diversity values training globally, which only 26 percent of Top 50
companies have. PepsiCo has a global Rollout Code of Conduct every year, which
includes diversity.
PepsiCo also has a strong history of philanthropy to
traditionally under-represented groups. Current groups with whom PepsiCo
partners include the United Negro College Fund, the Human Rights Campaign
Foundation, the National Urban League, the Hispanic College Fund, PFLAG and the
National Council of La Raza.
Indra Nooyi, PepsiCo Chairman and CEO: "As a global leader in convenient foods and beverages, PepsiCo must meet the diverse needs of consumers in communities around the world. To achieve this, our company strives to be as diverse as the consumers we serve, not only by mirroring the racial, ethnic and gender diversity of those markets but also by recruiting and supporting employees with different abilities and employees with alternative lifestyles, experiences and perspectives. A diverse and inclusive work environment makes PepsiCo a place where our associates feel valued and motivated to unleash the power of innovation--the lifeblood of our company."
Ron Parker, Senior Vice President, Chief Global Diversity and Inclusion Officer, PepsiCo: "We transmit ethical, values-driven behavior through two primary global means. The first is our PepsiCo Values?an explanation of who we are and how we treat employees and customers. The second is our Code of Conduct ?our ethical roadmap. They work together as our foundation, and then we apply them through our Values training and Inclusion training. We ensure they translate into actionable behaviors by measuring performance against goals that are 50 percent focused on people?much of which is about diversity and inclusion?and 50 percent on business. Our global Human Rights Workplace Policy and Speak Up lines are other means to ensure we are treating our people with respect."
More DiversityInc Articles on
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Historic Change:
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PepsiCo's
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PepsiCo Goes to
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Multicultural
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