Company name: PepsiCo
Registration location: New York, USA
Ownership/ ultimate beneficial owner: PepsiCo is a multinational company without an ultimate beneficial owner. Large shareholders are BlackRock, Vanguard, State Street and Bank of America.
Stock exchange listing: NASDAQ
Sectors: Fast Moving Consumer Goods (FMCG)
Diet Mountain Dew
Sobe Elixirs & Teas
Mug Root Bear
Off the Eaten Path
Red Rock Deli
Quaker Chewy Granola Bars
Rice-a-Roni and Pasta Roni Quaker Rice Crisps & Rice Cakes Maui Style
No Deforestation, No Peat, No Exploitation policy: Yes
Deforestation within current supply chain since 2016: 100,000 ha
Social issues: A RAN study from June 2016 revealed the mistreatments that Indofood, with which PepsiCo had entered into joint venture cooperation, had inflected to its plantation workers. These included child labour, worker abuse i.e., violation of minimum wage and freedom of union. PepsiCo dropped its cooperation with Indofood in 2019, and no longer sells products in Indonesia since then.
Supply chain links: PepsiCo Palm Oil Mill List 2019
PepsiCo also mentioned as one of the laggards in achieving zero-net deforestation in a CRR article as it was not on track to achieve the goal.
In 2020, PepsiCo updated its policy on sustainable palm oil. The updated policy addresses the entire supply chain, meaning that the commitment is not applied only for the direct suppliers. In addition to that, the latest policy also set the cut-off date for forest conversion policy on December 31, 2015. It is said that during supplier engagement, direct suppliers are requested to maintain a moratorium on forest and peatland following the cutoff date.
|Financial information (in USD million)||2019||2020||YoY growth|
|Market cap ultimo preceding year||191,318||200,183||+5%|
|Enterprise value ultimo preceding year||219,290||236,573||+8%|