On March 22, 2024, PepsiCo Inc announced that it has received a shareholder proposal from Harrington Investments requesting that the Company annually issue a transparency report on global public policy and political influence, disclosing company expenditures and activities outside of the United States. Such report should disclose company funding and in-kind support directed to candidates or electioneering, lobbying, scientific advocacy, and charitable donations for the preceding year including recipients and amounts; date and timeframe of the activity taking place; the Company?s membership in, or payments to, nongovernmental organizations including trade and business associations, scientific or academic organizations and charities; and the rationale for these activities. 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.