PepsiCo Donates 1 Million Yuan to Schools for Migrant Workers' Children in China
Recent scandals surrounding some of China's charity organizations haven't seemed to sway PepsiCo's pledge of extending help to the disadvantaged groups of the country.
The world's leading food and beverage company committed 1 million yuan ($157,579.57) Tuesday, in partnership with China's Red Cross Society, to fund scholarships and new facilities at 10 schools across the country.
About 10,000 kids from migrant workers' families and rural areas are expected to benefit from the "Better Tomorrow" and "PepsiCo Library program."
"We have our own requests for our partners in launching charity programs," Tim Minges, chairman of PepsiCo GCR, said at the donation ceremony at Lihua School in Liyuan Town in the suburbs of Beijing Tuesday. "We stay and see things through. We need to see the real consequence, the school, the students and the books.To continue reading about PepsiCo’s philanthropic efforts, click here. About PepsiCo
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that generate more than $1 billion in annual retail sales each. Our main businesses -- Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi Cola -- also make hundreds of other enjoyable foods and beverages that are respected household names throughout the world. With net revenues of approximately $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo's promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment, including by conserving energy and water usage, and reducing packaging volume; to provide a great workplace for our associates; and to respect, support, and invest in the local communities where we operate. For more information, please visit www.pepsico.com. PEPSI18991