May 25 marks the one year anniversary of the death of George Floyd. Floyd's murder helped sparked a global protests against systematic racism.
Many companies have pledged their commitment to fight racial injustice in the wake of the global protests.
"Our company has long understood and embraced the value of diversity, equity and inclusion, both for our business and our society. But after the world witnessed what happened to George Floyd—and began to reckon with the harsh realities experienced by Black and Brown people long before him—everything changed," said PepsiCo CEO Ramon Laguarta, in a statement, on Tuesday. "We knew we had to step up our efforts, and we saw a unique opportunity to use our size and scale to have a positive influence far beyond our walls."
Other companies like Apple (AAPL) - Get Apple Inc. (AAPL) Report, Uber (UBER) - Get Uber Technologies, Inc. Report, Bank of America (BAC) - Get Bank of America Corp Report, PayPal (PYPL) - Get PayPal Holdings Inc Report and Nike (NKE) - Get NIKE, Inc. (NKE) Report have also made commitments in the fight for racial equality.