Our Worldwide Code of Conduct

PepsiCo is committed to 'Performance with Purpose'. Simply put, this means

doing business the right way: operating responsibly with integrity and with

high ethical standards.

Our Worldwide Code of Conduct embodies those principles. It is PepsiCo's

statement of how we expect our employees to do business. The Code of

Conduct provides guidance for dealing with other employees, customers,

suppliers, our shareholders, the public and our competitors in an ethical and

appropriate manner.

The Code of Conduct, by its very nature, cannot describe every possible

situation that our employees may experience. What it does provide is the

foundation for the Purpose behind our Performance.

Our Worldwide Code of Conduct is available in 34 languages

Our Code is a blueprint for living our value.

Our Code reflects our commitment to protecting Human Rights.

We encourage all employees, vendors, contractors and customers to speak

up about business situations that might conflict with the Code.