Corporate spin. Greenwash. Words that come to mind when I think about PepsiCo’s latest sustainability report.
PepsiCo’s new 2025 Sustainability agenda claims it will deliver ‘Performance with Purpose’ by improving health and well-being through the products it sells, protecting the planet, and empowering people around the world. PepsiCo wants its customers and investors to believe this spin but we know that this facade conceals a much darker reality.
Two years of field investigations show that PepsiCo continues to turn a blind eye to child labor, worker exploitations, land rights violations and the destruction of the last place on Earth where Sumatran elephants, rhinos, tigers and orangutans live together in the wild. This destruction continues each day in the operations of its business partner Indofood and its top suppliers.
PepsiCo is earning billions by turning Conflict Palm Oil—a cheap and controversial ingredient—into its snacks sold across the globe. Let’s be clear PepsiCo’s CEO Indra Nooyi, its corporate executives and its biggest backers—Bank of America, JPMorgan Chase, Vanguard, BlackRock and TIAA—are profiting from the abuse of people and the planet.
From Indonesia to the US, we are saying we won’t stand for corporate profiteering at the expense of healthy communities and workers, clean water, standing forests, and a stable climate. Join us in telling PepsiCo: We won’t stand for Corporate Exploitation for Corporate Profit in the lead up to its Annual General Meeting on May 3rd, 2017.