PLANO, Texas -- Parents and Friends of Ex-Gays & Gays (PFOX) is calling on all PepsiCo shareholders to vote for Shareholder Proposal No. 4 -- the Charitable Contributions Report. PepsiCo manufactures Pepsi-Cola and Gatorade drinks, Frito-Lay snacks, Tropicana juices, and Quaker foods.
The proposal asks PepsiCo to divulge its standards for donating over $75 million in corporate assets to controversial groups.
PepsiCo, Inc. is the leading corporate sponsor of Parents, Families and Friends of Lesbians and Gays, Inc. (PFLAG). PFLAG's latest publication, a religious guidebook, incorrectly labels ex-gay conferences as "anti-gay" and urges PFLAG members to protest against religious conferences which feature ex-gay speakers.
The faith guidebook instructs members to hold press conferences and issue press releases against religious ex-gay events 'to remind people that there is more than one faith message.' See PFLAG Faith Field Guide, pp. 9 -11, here.
"Why does PepsiCo fund organizations like PFLAG which issue religious publications urging readers to undermine other religions with which PFLAG disagrees?" asked Regina Griggs, executive director of PFOX. "Is this the best use of PepsiCo funding?"
"In response to a similar proposal last year, PepsiCo claimed that it is 'committed to diversity and inclusion without imposition of personal judgment.' So why does PepsiCo continue to fund organizations which hate the ex-gay community?"
"The PepsiCo Shareholder Proposal No. 4 asks PepsiCo to divulge its standards for funding and account for how the Company's charitable contributions are actually used, a reasonable request," said Griggs. "PepsiCo's actions adversely affect its public image, goodwill, and stock value."
Support PFOX's proposal at www.moxyvote.com/support/pfox
Listen to PFOX's speech at last year's PepsiCo shareholder meeting at