On March 22, 2024, PepsiCo Inc announced that it has received a shareholder proposal from Green Century Capital Management, Inc. on behalf of the Green Century Equity Fund requesting that the Company complete a material biodiversity dependency and impact assessment and issue a corresponding public report to identify the extent to which the company?s supply chains and operations are vulnerable to risks associated with biodiversity loss. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on May 1, 2024.