Our HistoryPepsiCo is a world leader in convenient snacks, foods and beverages with revenues of more than $60 billion and over 285,000 employees. Take a journey through our past and see the key milestones that define PepsiCo.

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PepsiCo ProfileMission, Values & Guiding Principles

Mission

We aspire to make PepsiCo the world’s premier consumer products company, focused on convenient foods and beverages. We seek to

produce healthy financial rewards for investors as we provide opportunities for growth and enrichment to our associates, our business

partners and the communities in which we operate. And in everything we do, we strive to act with honesty, openness, fairness and integrity.

Values

Our commitment is to deliver sustained growth through empowered people acting with responsibility and building trust. We define these

values as follows:

Sustained Growth is fundamental to motivating and measuring our success. Our quest for sustained growth stimulates innovation, places a

value on results and helps us understand whether actions today will contribute to our future. This value is about the growth of our associates

and the company’s performance. It prioritizes making a difference and getting things done.

Empowered People means we have the freedom to act and think in ways we feel will get the job done, while being consistent with the

processes that ensure proper governance and being mindful of the rest of the company’s needs.

Responsibility and Trust form the foundation for healthy growth. It’s about earning the confidence other people place in us as individuals and

as a company. Our responsibility means we take personal and corporate ownership for all we do, to be good stewards of the resources

entrusted to us. We build trust between ourselves and others by being committed to succeeding together.

Guiding Principles

We must always strive to:

Care for customers, consumers and the world we live in

Sell only products we can be proud of

Speak with truth and candor

Balance short term and long term

Win with diversity and inclusion

Respect others and succeed together

Memberships & Partnerships

Organization Purpose

World Business Council for

Sustainable DevelopmentMember companies are united by a shared commitment to sustainable development.

World Economic Forum Members are committed to improving society and the environment.

Human Sustainability

Healthy Weight Commitment

Foundation

PepsiCo expanded its existing efforts to help reduce obesity in the U.S. by joining the Healthy Weight

Commitment Foundation. This Foundation is a CEO-led organization and is a national, multiyear effort

designed to help reduce obesity — especially childhood obesity — by 2015.

International Food and

Beverage Alliance (IFBA)

We are among nine leading food and beverage companies to sign the “Global Commitment to Action on

the Global Strategy on Diet, Physical Activity and Health,” a commitment addressed to the World Health

Organization. We agreed to five key global commitments to action that will take place over the next five

years and will report our progress in delivering these goals at the annual World Health Assembly

meeting.

Oxford Health Alliance

Oxford Health Alliance and PepsiCo Foundation implemented Community Interventions for Health, a

program to reduce chronic disease by targeting three risk factors: diet, physical activity level and tobacco

use.

Save the Children

Save the Children became one of PepsiCo Foundation’s grantees in November 2008 with a $5 million

grant for a program aimed at decreasing newborn and child mortality and malnutrition in India and

Bangladesh.

Alliance for a Healthier

Generation

This is a joint alliance with the William J. Clinton Foundation and American Heart Association to combat

childhood obesity.

Children’s Advertising Review

Unit (CARU)Members evaluate child-directed advertising and self-regulate.

Alliance for Family

EntertainmentMembers support family-friendly programming on TV.

National Council of La Raza

(NCLR)

PepsiCo is working with this group on health and wellness initiatives, including supporting a research

project to equip affiliate organizations with effective community-based healthful lifestyle programs.

PepsiCo also is working with this group to advance diversity and inclusion.

National Urban League PepsiCo is working with this group on health and wellness initiatives, including providing capacity

development support to build organizational expertise in health and quality of life. We also work with this

Organization Purpose

group to advance diversity and inclusion.

Environmental Sustainability

Carbon Trust A U.K. organization established to address climate change.

The Earth Institute at Columbia

UniversityOne of the world’s premier institutions dedicated to global sustainable development.

CDP Supply ChainPepsiCo is a member of the CDP Supply Chain group driving improvements in climate change through

measurement and reduction of greenhouse gases in our supply chain.

Roundtable on Sustainable

Palm Oil (RSPO)

PepsiCo is a member of the Roundtable on Sustainable Palm Oil (RSPO) to help bring about a greater

supply of sustainable palm oil.

Sustainable Agriculture

Initiative

In 2009, PepsiCo joined the Sustainable Agriculture Initiative (SAI) Platform, which supports agricultural

practices and production systems that preserve the future availability of resources and enhance their

efficiency.

Air and Waste Management

Association (A&WMA)Environmental professionals share information.

Climate LeadersPepsiCo is a member of this U.S. Environmental Protection Agency program focused on voluntary

reductions of greenhouse gases.

UN CEO Water Mandate PepsiCo signed this mandate to contribute positively to the emerging water crisis.

Water.orgWater.org’s WaterCredit Initiative is an innovative program that uses microfinance to increase access to

safe water and improve sanitation for local communities in India.

ENERGY STARPepsiCo participates in this U.S. Environmental Protection Agency program focused on improving energy

performance.

European Organization for

Packaging and the

Environment (EUROPEN)

Members are dedicated to resolving the environmental challenges facing the packaging chain. PepsiCo

is represented at the board level.

Exnora InternationalPepsiCo is working with this environmental group in India to manage solid waste in an environmentally

friendly manner.

Beverage Industry

Environmental RoundtableIndustry members are dedicated to addressing water issues.

Keep America BeautifulThis group is dedicated to recycling and community cleanups. Pepsi-Cola is a Great American Cleanup

founding partner.

Refrigerants Naturally! We partner with this coalition of business and nongovernmental members, including Greenpeace, who

Organization Purpose

are committed to moving to ozone-friendly point-of-sale refrigeration.

Safe Water Network Members are working to help provide safe water for communities in need.

SmartWay Transport

Partnership

This is a U.S. Environmental Protection Agency partnership. Members are committed to promoting

greater energy efficiency and air quality within the freight transport business. Frito-Lay North America is a

member.

Sustainable Packaging

Coalition/GreenBlue

This industry-leading organization provides lifecycle analysis and design guidelines for sustainable

packaging. PepsiCo is a member of the Executive Committee.

SUSTENTA Members of this Mexican group are committed to the betterment of solid waste management.

The Energy and Resources

Institute (TERI)PepsiCo is working with this group in India to expand the availability of water.

Supplier Ethical Data

Exchange (Sedex)PepsiCo joined this group to partner with suppliers to improve performance across the supply chain.

U.S. Climate Action

Partnership (USCAP)Member companies are working to encourage climate action to reduce greenhouse gas emissions.

Talent Sustainability

Cuban-American National

Council

PepsiCo is working with this group to advance diversity and inclusion, including building leadership

capacity.

Ethics Resource Center Members are devoted to the advancement of high ethical standards and practices.

Global Business Coalition Members lead the business fight against HIV/AIDS and related diseases.

Habitat for Humanity This Tropicana and Tostitos partnership with the national organization builds homes for the needy.

MacBride Principles Members subscribe to Northern Ireland diversity principles.

Make-A-Wish Foundation Frito-Lay North America is working with this group to encourage donations.

NAACP PepsiCo is working with this group to advance national leadership and grassroots activism.

National Minority Supplier

Development Council Members support minority supplier development.

Organization of Chinese

Americans

PepsiCo is working with this group to advance diversity and inclusion, especially through national

leadership and grassroots activism.

Organization Purpose

OSHA Voluntary Protection

Plan

This is a government health and safety program. Frito-Lay, Quaker, Tropicana and Gatorade plants

participate in the OSHA VPP program.

Susan G. Komen Breast

Cancer Foundation

Frito-Lay North America has joined with this group to use SunChips multigrain snacks to raise awareness

for a cure for breast cancer.

Global Sullivan Principles of

Social ResponsibilityMembers subscribe to human rights principles.

U.S. Pan Asian American

Chamber of Commerce

PepsiCo is working with this group to advance diversity and inclusion, especially through national

leadership and grassroots activism.

Women’s Business Enterprise

National Council (WBENC)Members work to promote women’s enterprise.

Our Economic Impacts

Select Awards & Recognitions

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PepsiCo Foundation

As PepsiCo’s philanthropic anchor, PepsiCo Foundation is responsible for providing charitable contributions to eligible nonprofit organizations. The foundation is committed to developing sustainable partnerships and programs in underserved regions that provide opportunities for improved health, environment and education.

Our Focus

Through grant making, associate programs and disaster response, PepsiCo Foundation seeks to help the most impoverished people and

communities in the U.S. and around the world.

PepsiCo Foundation was established in 1962 with an initial focus on promoting health and wellness within PepsiCo. Later, the foundation’s

focus was expanded to funding fitness education for youth. In 1998, PepsiCo became the first corporation to become a mission sponsor of

the YMCA of the USA.

PepsiCo and PepsiCo Foundation have since funded numerous initiatives promoting active lifestyles and educating consumers about making

smart dietary choices. The key principle behind all of these efforts is balancing nutrition and physical activity.

Today, the foundation has evolved its goals to reflect the needs of underserved populations — including nutrition and activity, safe water and

water usage efficiencies, and education and empowerment — and has extended its grant making to the global community. In 2009 alone,

PepsiCo Foundation contributed $27.9 million toward charitable causes. The foundation also provides disaster response assistance.

Grants

Philosophy

PepsiCo Foundation seeks to foster healthy, vibrant and self-sufficient communities worldwide through global partnerships that improve the

quality of life across communities in areas of great need.

Approach

The majority of PepsiCo Foundation funding is applied to programs that concentrate on nutrition and activity, safe water and water usage

efficiencies, in addition to education and empowerment.

PepsiCo Foundation grants are focused on highly promising and effective programs and organizations with proven track records. Most

frequently, our partners’ projects seek to spread across a large region in order to have the greatest possible impact in the communities in

which they work. We also give grants to build and strengthen an organization’s capacity.

Our grant-making approach aims to create a collaborative network encompassing our partner organizations’ expertise and experience. We

believe working together enables us to pool resources on particular issues and needs to effect significant value and impact.

Grant making at PepsiCo Foundation has evolved from the funding of individual projects to the development of targeted strategies. Through

this approach, we hope to generate optimum benefit for the communities and groups involved at a local level, creating sustainable and

economically viable communities.

Associate Programs

Associate Community Engagement

PepsiCo Foundation has a proud history of supporting associate involvement in the community. The foundation’s commitment to encourage

the personal contributions made and volunteer leadership demonstrated by PepsiCo associates continues today through:

The foundation’s Matching Gifts program

Support for United Way campaigns

Secondary education assistance

PepsiCo Foundation also offers grants in recognition of associates’ committed volunteer efforts.

Matching Gifts

PepsiCo Foundation matches associates’ personal contributions made to eligible nonprofit organizations.

United Way

For more than three decades, PepsiCo and its associates have partnered with United Way chapters to help thousands of local organizations

and programs. This collaborative spirit, support and energy have helped create healthier and stronger communities across the U.S.

Secondary Education Assistance

ExCEL Scholarships

The ExCEL Awards encourage and support post-secondary education for children of PepsiCo associates. If you are an interested PepsiCo

associate, please log on to www.mypepsico.com for more information on the ExCEL Scholarship program.

Diamond Scholars

The Diamond Scholars program in Dallas, Detroit, Miami, San Jose and Los Angeles offers annually renewable scholarship aid to urban

youth who have demonstrated an ability to overcome adversity, and who plan to pursue post-secondary education. To qualify, students must

write an essay about the importance of college and their goals for the future. Scholarships, which are for undergraduate study only, are

renewable for up to three years or until a bachelor’s degree is earned, on the basis of satisfactory academic performance and continuing full-

time enrollment.

Disaster Response

When disaster strikes, PepsiCo Foundation provides financial assistance, in-kind product donations and human resource contributions to

help respond appropriately to people and communities affected.

http://www.pepsico.com/Purpose/PepsiCo-Foundation.html

Our Mission and VisionAt PepsiCo, we believe being a responsible corporate citizen is not only the right thing to do, but the right thing to do for our business.

Our Mission

Our mission is to be the world's premier consumer products company focused on convenient foods and beverages. We seek to produce

financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the

communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity.

Our Vision

"PepsiCo's responsibility is to continually improve all aspects of the world in which we operate - environment, social, economic - creating a

better tomorrow than today."

Our vision is put into action through programs and a focus on environmental stewardship, activities to benefit society, and a commitment to

build shareholder value by making PepsiCo a truly sustainable company.

Performance with Purpose

At PepsiCo, we're committed to achieving business and financial success while leaving a positive imprint on society - delivering what we call

Performance with Purpose.

Our approach to superior financial performance is straightforward - drive shareholder value. By addressing social and environmental issues,

we also deliver on our purpose agenda, which consists of human, environmental, and talent sustainability.

http://www.pepsico.com/Company/Our-Mission-and-Vision.html

Performance with Purpose

At PepsiCo, “Performance with Purpose” means delivering sustainable growth by investing in a healthier future for people and our planet.

As a global food and beverage company with brands that stand for quality and are respected household names — Quaker Oats, Tropicana,

Gatorade, Frito-Lay and Pepsi-Cola, to name a few — we will continue to build a portfolio of enjoyable and wholesome foods and beverages;

find innovative ways to reduce the use of energy, water and packaging; and provide a great workplace for our associates. Additionally, we

will respect, support and invest in the local communities where we operate by hiring local people, creating products designed for local tastes

and partnering with local farmers, governments and community groups. Because a healthier future for all people and our planet means a

more successful future for PepsiCo. This is our promise.

PepsiCo’s Performance with Purpose

Performance

To all of our investors, it’s a promise to strive to deliver superior, sustainable financial performance.

Human Sustainability

To the people of the world, it’s a promise to encourage people to live healthier by offering a portfolio of both enjoyable and wholesome foods

and beverages.

Environmental Sustainability

To the planet we all share, it’s a promise to be a good citizen of the world, protecting the Earth’s natural resources through innovation and

more efficient use of land, energy, water and packaging in our operations.

Talent Sustainability

To the associates of PepsiCo, it’s a promise to invest in our associates to help them succeed and develop the skills needed to drive the

company’s growth, while creating employment opportunities in the communities we serve.

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PepsiCo Values & PhilosophyOur Values & Philosophy are a reflection of the socially and environmentally responsible company we aspire to be. They are the foundation for every business decision we make.

Our Commitment

We are committed to delivering sustained growth through empowered people acting responsibly and building trust.

What It Means

Sustained Growth is fundamental to motivating and measuring our success. Our quest for sustained growth stimulates innovation, places a

value on results, and helps us understand whether today's actions will contribute to our future. It is about the growth of people and company

performance. It prioritizes both making a difference and getting things done.

Empowered People means we have the freedom to act and think in ways that we feel will get the job done, while adhering to processes that

ensure proper governance and being mindful of company needs beyond our own.

Responsibility and Trust form the foundation for healthy growth. We hold ourselves both personally and corporately accountable for

everything we do. We must earn the confidence others place in us as individuals and as a company. By acting as good stewards of the

resources entrusted to us, we strengthen that trust by walking the talk and following through on our commitment to succeeding together.

Guiding Principles

We uphold our commitment with six guiding principles.

We must always strive to:

1. Care for our customers, our consumers and the world we live in.

We are driven by the intense, competitive spirit of the marketplace, but we direct this spirit toward solutions that benefit both our company

and our constituents. Our success depends on a thorough understanding of our customers, consumers and communities. To foster this spirit

of generosity, we go the extra mile to show we care.

2. Sell only products we can be proud of.

The true test of our standards is our own ability to consume and personally endorse the products we sell. Without reservation. Our

confidence helps ensure the quality of our products, from the moment we purchase ingredients to the moment it reaches the consumer's

hand.

3. Speak with truth and candor.

We tell the whole story, not just what's convenient to our individual goals. In addition to being clear, honest and accurate, we are responsible

for ensuring our communications are understood.

4. Balance short term and long term.

In every decision, we weigh both short-term and long-term risks and benefits. Maintaining this balance helps sustain our growth and ensures

our ideas and solutions are relevant both now and in the future.

5. Win with diversity and inclusion.

We embrace people with diverse backgrounds, traits and ways of thinking. Our diversity brings new perspectives into the workplace and

encourages innovation, as well as the ability to identify new market opportunities.

6. Respect others and succeed together.

Our mutual success depends on mutual respect, inside and outside the company. It requires people who are capable of working together as

part of a team or informal collaboration. While our company is built on individual excellence, we also recognize the importance and value of

teamwork in turning our goals into accomplishments

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The PepsiCo FamilyMeet the four major divisions of the PepsiCo family: PepsiCo Americas Beverages, PepsiCo Americas Foods, PepsiCo Europe, PepsiCo Middle East and Africa.

1. PepsiCo Americas Beverages

2. PepsiCo Americas Foods

3. PepsiCo Europe

4. PepsiCo Asia, Middle East & Africa

PepsiCo Americas Beverages

Pepsi was founded in 1898 by Caleb Bradham, a New Bern, North Carolina,

druggist, who first formulated Pepsi-Cola.

Today, Brand Pepsi is part of a portfolio of beverage brands that includes

carbonated soft drinks, juices and juice drinks, ready-to-drink teas and coffee

drinks, isotonic sports drinks, bottled water and enhanced waters. PepsiCo

Americas Beverages (PAB) has well known brands such as Mountain Dew,

Diet Pepsi, Gatorade, Tropicana Pure Premium, Aquafina water, Sierra Mist,

Mug, Tropicana juice drinks, Propel, SoBe, Slice, Dole, Tropicana Twister and

Tropicana Season's Best.

In 1992 PAB formed a partnership with Thomas J. Lipton Co. to sell ready-to-

drink tea brands in the United States. Pepsi-Cola also markets Frappuccino

ready-to-drink coffee through a partnership with Starbucks.

Tropicana was founded in 1947 by Anthony Rossi as a Florida fruit packaging

business. In 1954 Rossi pioneered a pasteurization process for orange juice.

For the first time, consumers could enjoy the fresh taste of pure not-from-concentrate 100% Florida orange juice in a ready-to-serve

package. The juice, Tropicana Pure Premium, became the company's flagship product. PepsiCo acquired Tropicana, including the Dole juice

business, in August 1998.

SoBe became a part of PAB in 2001. SoBe manufactures and markets an innovative line of beverages including fruit blends, energy drinks,

dairy-based drinks, exotic teas and other beverages with herbal ingredients.

Gatorade thirst quencher sport drinks, was acquired by The Quaker Oats Company in 1983 and became a part of PepsiCo with the merger in

2001. Gatorade is the world's first isotonic sports drink as is backed by 40 years of science. Created in 1965 by researchers at the University

of Florida for the school's football team, "The Gators," Gatorade is now the world's leading sport's drink.

Pepsi Beverages Company

On February 26th, 2010, PepsiCo completed its mergers with PAS and PBG to strengthen its North American beverage business. The North

American bottling operations of PAS and PBG are now an operating unit of PepsiCo known as Pepsi Beverages Company. PBC operates in

the United States, Canada and Mexico and encompasses approximately 75 percent of PepsiCo's North American beverage volume. PBC's

diverse portfolio includes some of the world's most widely recognized beverage brands, including Pepsi, Mountain Dew, Sierra Mist,

Aquafina, Gatorade, SoBe, Lipton, and Amp Energy. PBC also manufactures and distributes third-party brands in key local markets such as

Dr Pepper, Crush, Rock Star and Muscle Milk. The operating unit is headquartered in Westchester County, New York. Read more about the

Pepsi Beverages Company.

http://www.pepsico.com/Company/The-Pepsico-Family/PepsiCo-Americas-Beverages.html

1. PepsiCo Europe

PepsiCo Europe is the leading food and beverage company in Europe employing 43,000 in the region. The company has a presence in 45

countries in Europe and has a broad range of offerings including Frito Lay Snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana

juices and Quaker foods.

The company has invested over $3 billion in the region over the last 3 years including the acquisitions of Lebedyanasky, a popular juice

company in Russia, and Sandora, a Ukranian juice company.

Some of the most popular products in the region includes Walkers Crisps, Quaker Oats, Paw Ridge, Pepsi, Diet Pepsi, Pepsi MAX, Pepsi

RAW, 7UP, Copella, Doritos, Gatorade, Red Sky, V Water, Planet Lunch, Lays, Cheetos, Smiths, Duyvis, Snack-a-Jacks, Quaker Cruesli,

Looza, Twistos, Solinki.

The company has made large investments in the region in its "healthier for you" portfolio which include:

More than 20 million Euros in a flagship European R&D centre, which is dedicated to creating new, healthier snacks for the European

market.

In the UK alone, we've invested over 180 million Euros in making our products healthier, such as Walkers crisps, which now contain 70%

less saturated fat and up to 55% less salt than they did five years ago.

Lower fat, baked Cheetos in Turkey

have introduced a range of dry roasted nuts with 30% less fat

In the UK we are about to launch a '99 Calorie or less snacks range

Pepsi Max, no sugar, full flavour soft drink in the UK and the Nordics

http://www.pepsico.com/Company/The-Pepsico-Family/PepsiCo-Europe.html

2. PepsiCo Asia, Middle East & Africa

PepsiCo Asia, Middle East & Africa (“AMEA”) makes, markets and sells a number of leading snack food brands including Lay’s, Kurkure, Chipsy, Doritos, Smith’s, Cheetos, Red

Rock Deli and Ruffles, through consolidated businesses as well as through noncontrolled affiliates. Further, either independently or through contract manufacturers, AMEA

makes, markets and sells many Quaker-brand cereals and snacks. AMEA also makes, markets and sells beverage concentrates, fountain syrups and finished goods, under

various beverage brands including Pepsi, Mirinda, 7UP and Mountain Dew. These brands are sold to authorized bottlers, independent distributors and retailers. However, in

certain markets, AMEA operates its own bottling plants and distribution facilities. In addition, AMEA licenses the Aquafina water brand to certain of its authorized bottlers. AMEA

also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea products through an international joint venture with Unilever (under

the Lipton brand name).

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