PepsiCo, Inc. and The PepsiCo Foundation announced a more than $57 million initiative focused on helping people and communities most affected by COVID-19. The company is funding vital support including protective gear for healthcare workers, testing and screening services, and is already in the process of distributing more than 50 million nutritious meals to at-risk populations by supporting food banks and other partners around the world.
The company is allocating its over $57 million COVID-19 response to support the most hard-hit communities, including the following investments:
- $15.8 million in North America, which has the most recorded cases of COVID-19 in the world. PepsiCo's efforts focus primarily on increasing access to nutrition for out-of-school children in the U.S. The company is also funding protective gear for healthcare workers in the U.S., investing in testing and screening services, and providing financial support for U.S. restaurant workers who are experiencing joblessness.
- The PepsiCo Foundation also announced an initiative to provide increased medical and economic aid to communities of color across the country where the company has long worked. The $7 million initiative is a comprehensive project to support immediate relief and long-term recovery. The program will provide $1 million each to the National Urban League and UnidosUS to help feed families and seniors, increase medical care and testing, expand access to government support, and provide technology for remote education and work, with a portion of the funds focused on post-recovery relief. An additional $5 million will go to local nonprofit partners to provide support and services that meet the specific needs of Black and Latino communities.
- $7.7 million in Europe where entire countries are on lock-down and hospitals are over capacity. The company is concentrating its response on particularly hard-hit countries including France, Italy, and Spain to bolster the capacity of local health and relief systems. Specifically, PepsiCo is funding the distribution of essential goods including meals, personal protective equipment, and health transportation. Funding will be used to support the most vulnerable groups in society, particularly seniors and children.
- $6.5 million in Latin America to help prepare for the expected increase in COVID-19 impact by strengthening local food bank capabilities. Specifically, PepsiCo's food bank support will enable the stock of key food staples, provision of meals and staff transportation, and training of food bank staff on methods to reduce COVID-19 transmission. PepsiCo's nonprofit partnerships will also provide millions of meals for out-of-school children and their families.
- $7.2 million in Africa, the Middle East, and South Asia which requires a unique response due to its booming populations and diverse, emerging economies. PepsiCo is investing to scale meal distribution among the most food insecure populations in partnership with leading NGOs and to support government-led responses to local needs.
- $3.96 million in Asia Pacific, Australia, New Zealand, and China, which has been living with the devastating effects of COVID-19 longer than any other part of the world. The company provided early funding for protective gear for healthcare workers in China, and South Korea. PepsiCo will also help alleviate hunger among the most vulnerable people in the Philippines, Thailand, Vietnam and Australia including through meal distribution programs particularly to reach those in rural communities.
The PepsiCo Foundation is offering a two-to-one match for all employee charitable contributions to a group of nonprofits providing COVID-19 relief globally for four weeks, contributing up to $2 million in support to nonprofits chosen by employees.