PepsiCo Details Plans to Support the Black Community and Increase Internal Representation

The money will be spent over the next 5 years

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PepsiCo announced the initiative on Tuesday. PepsiCo's Twitter

On Tuesday, PepsiCo CEO and chairman Ramon Laguarta announced on Twitter that the CPG conglomerate would be committing $400 million to fund several initiatives centered around racial justice and equality.

@dianapearl_ Diana is the brand marketing editor at Adweek and managing editor of Brandweek.