...We request an urgent dialogue regarding apparent inconsistencies between PepsiCo, Inc. (PepsiCo) stated policies on Russian aggression and human rights more broadly and the company’s ongoing business operations and relationships in Russia that may contribute to, or be linked with, human rights harms...

...[A] new report by the Moral Rating Agency names PepsiCo as one of the most egregious offenders on its “Dirty Dozen” list of companies failing to exit Russia or limit business operations, despite condemning the invasion of Ukraine. The report notes that PepsiCo is one of the Western companies with the heaviest involvement in Russia, indicating specifically the production of dairy products and the general retention of employees.

These activities risk enabling and financing Russia’s violations of IHL and human rights law during the ongoing invasion and occupation of Ukraine and violating PepsiCo’s Global Human Rights Policy and the company’s stated commitment to abiding by the UNGPs. It remains to be seen how directly PepsiCo will be impacted by the partial mobilisation and the heightened legal, regulatory, operational, and financial risks associated with companies being required to provide direct support to the internationally sanctioned Russian military...