Question: Does the company, when acquiring, leasing land or making other arrangements to use or restrict the use or access to land or natural resources, discloses its processes to (i) identify legitimate tenure rights holders, including through engagement with affected communities in the process, paying particular attention to vulnerable or marginalized tenure rights holders, and (ii) negotiate with them to provide adequate compensation?
Answer:
Yes
18451834
World Benchmarking Alliance
PepsiCo Inc.
2023
Verified by Steward check_circle
The company states that the countries where the raw materials are sourced from represent a wide range of land tenure systems, both formal and informal and legal negotiations on land transfers and acquisitions and utilize the IFC Performance Standards is implemented FPIC.