3 pages Assignment in 24hrs

Module 1 Assignment:

Financial Management Decision Making

Report prepared by: Phenekia Morgan

Date: November 13, 2022

Walden University

WMBA 6070: Managerial Finance

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Company Profile, Part 2

Introduction

A company's success is influenced by how it relates to the community and its adherence to the ethical framework. Business ethics and corporate social responsibility, among other business practices, are the building blocks of building, enhancing, and sustaining corporate image. Embracing diversity and inclusivity in a company's organizational structure also increases the brand name's acceptability. This assignment section analyzes PepsiCo's ethical practices, diversity, and corporate social responsibility in light of this analysis.

PepsiCo Ethical Practices

PepsiCo has a long history of ethical practices and value to shareholders. Their business model is based on the idea that they can be the best at what they do, and they continually strive to improve their products and services. They have a strong commitment to sustainability and environmental responsibility, including reducing waste and energy use and recycling.

Additionally, PepsiCo has established itself as a leader in sustainability through its "Live for Now" campaign, which aims to reduce waste from the packaging by 2025 (Qian et al.,2022). The company also offers recycling programs in more than 100 countries worldwide through its partnerships with local governments and businesses across North America, Europe, Asia Pacific, and South America. More interesting, PepsiCo committed in 2020 to remove all virgin plastic from the beverage bottles of its Pepsi brand that are sold in the European Union market by the year 2022. According to (Ravazzani & Maier, 2022), the corporation will package all of the beverages sold under that name using plastics that have been recycled from post-consumer packaging. The firm also planned to accelerate its efforts to expand reuse and refill systems like Soda Stream.

They also aim to be socially responsible in treating employees and communities. This commitment extends to their supply chain, which consists of over 300,000 employees around the world who work together to create safe products that are high-quality and affordable for consumers everywhere. In addition, PepsiCo works with charitable organizations worldwide to help provide food for those in need around the globe. PepsiCo's dedication to ethical practices extends beyond just food safety. They are also committed to protecting human rights and worker safety and working with other companies and organizations to create sustainable solutions for those issues.

Diversity and composition of the Board of Directors

PepsiCo is committed to fostering an environment where people from all walks of life feel welcome and valued. When people's unique perspectives are valued and appreciated, the business thrives. To that purpose, PepsiCo is increasing how its employees disclose their sexual orientation, gender identification, and other personal information (Ferraro et al., 2022). Staff members' voluntary disclosures of personal information help the organization get insight into the diversity of its personnel and the requirements of its staff members.

Many Employee Resource Groups within Pepsi Company serve as informal networks of mutual assistance for employees of diverse identities. These employee resource groups are crucial in fostering an accepting environment and expanding ways for workers to contribute to their workplace and community. For instance, PepsiCo has a program called EQUAL which is an employee resource group that promotes a safe and supportive workplace for those who identify as LGBTQ and their allies by facilitating networking and education opportunities and advocating for policy change. Workshops on mental health, inspirational talks, and group celebrations are just some of the highlights of EQUAL's Pride month and year-round events.

To live its commitment to diversity, equity, and inclusion, PepsiCo has always ensured that its board of directors reflects the diversity, gender, and inclusion. This is illustrated in the table below, which represents some of the company's members of the board of directors.

Name	Position
Ramon Luis Laguarta	CEO
Hugh F Johnson	Chief Finance Officer
Olusegun Agbaje	Independent director
Edith Cooper	Independent director
Melani Wilson Smooth	Chief Procurement Officer
Athina Kanioura	Chief Strategy and transformation officer
John Phillips	Customer Supply chain

Corporate Social Responsibility Practices

The Corporate Social Responsibility practices of PepsiCo are very relevant to shareholders. The company has been a leader in the health and wellness space for decades, with initiatives like its "Live Long and Drink More" campaign, which promotes healthier lifestyles (Harjoto et al., 2021). They have also been at the forefront of various social change movements, including the LGBTQ community, disability rights, and women's rights. For instance, the company often organizes workshops on mental health, inspirational talks, and group celebrations in what is known as pride a month under the EQUAL program.

PepsiCo also supports deposit return systems in areas where kerbside collections are insufficient to meet the European Union's target of 90 percent collection by 2029 and engages in Extended Producer Responsibility initiatives across the European Union to increase collection and recycling rates. The company also supports its employees' families through programs like the "Family Resource Center," where employees can find information about resources available in their local communities or online.

More importantly, at the heart of PepsiCo's corporate social responsibility is PepsiCo. Foundation. The mission of the PepsiCo Foundation is centered on developing sustainable and forward-thinking solutions to three significant socioeconomic challenges food security, safe water, and economic opportunities (McCann & Pufpaff,2021). The company is aware that by reducing the strain and stress caused by these impediments, it will move closer to achieving its goal of establishing a world where everyone has a fairer share of resources.

In addition to these commitments, PepsiCo has also been very active in supporting education initiatives and charitable causes related to health care or poverty alleviation. Furthermore, they have worked with scientists worldwide on projects related to public health research and development efforts.

References

Ferraro, C., Hemsley, A., & Sands, S. (2022). Embracing diversity, equity, and inclusion (DEI): Considerations and opportunities for brand managers.  Business Horizons.

https://www.sciencedirect.com/science/article/pii/S0007681322001240

Harjoto, M. A., Jadallah, J., Laksmana, I., & Lee, W. E. (2021). Corporate social responsibility reporting: does writing style matter?  International Journal of Accounting & Finance Review,  6(1), 34-40.

http://www.cribfb.com/journal/index.php/ijafr/article/view/969

McCann, D. P., & Pufpaff, M. (2021). PepsiCo Philanthropy in China: Too Good to be True? In  Doing Good Business In China: Case Studies In International Business Ethics (pp. 111-118).

https://www.worldscientific.com/doi/abs/10.1142/9789811233654_0013

Qian, D., Dargusch, P., & Hill, G. (2022). Carbon Management behind the Ambitious Pledge of Net Zero Carbon Emission—A Case Study of PepsiCo.  Sustainability,  14(4), 2171.

https://www.mdpi.com/2071-1050/14/4/2171

Ravazzani, S., & Maier, C. D. (2022). The framing of plastic pollution responsibility: comparing corporate versus environmental movement discursive evaluations.  Corporate Communications: An International Journal, (ahead-of-print).

https://www.emerald.com/insight/content/doi/10.1108/CCIJ-11-2021-0121/full/html

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