PEPSICO, INC. | Report on Public Health Costs at PepsiCo
Previous AGM date
How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|Presbyterian Church U.S.A. Foundation||For|
|LocalTapiola Asset Management Ltd||For||A vote FOR this proposal is warranted as shareholders would benefit from an increased disclosures and understanding of the use of sugar in the company's products and its role in the obesity epidemic and related health concerns.|
|Legal & General Investment Management (Holdings)||For||We intend to vote in favour as the proposed study will contribute to informing shareholders and other stakeholders on how actions the company takes (or does not take) may contribute to long-term negative human-health impacts, such as obesity.
Health is a key focus of the engagement strategy of LGIM’s Investment Stewardship team. While we welcome the steps that PepsiCo is already taking – for example, by working with the Access to Nutrition Initiative (of which LGIM is a signatory) and its collaborative investor programme – we believe health, and obesity in particular, are financially material issues for the company and other stakeholders.
|EFG Asset Management||For||A vote FOR this proposal is warranted as shareholders would benefit from increased disclosures and understanding of the use of sugar in the company's products and its role in the obesity epidemic and related health concerns.|
|Kutxabank Gestion SGIIC SAU.||Against|