Pepsico, Inc.
PEP
Consumer Staples
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
PepsiCo has faced multiple NLRB unfair labor practice charges across its bottling and distribution operations. In 2024, Teamsters in three states filed charges alleging the company interfered with union organizing and collective bargaining rights.
Break Free From Plastic Brand Audit 2023 (Feb 2024) — Rank #4 global plastic polluter; plastic items outnumbered Coca-Cola in absolute count but found in 30 countries vs. Coca-Cola 40. Science Advances (Cowger 2024): PepsiCo ~5% of all globally branded plastic pollution 2018–2022. As You Sow 2024 Plastic Promises Scorecard: D+ grade on plastic reduction ambition and action.
Research Sources
5 organizations
Related Exclusions
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.