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Code of Business Conduct and Ethics

Prescribes that ethical values and standards of behavior are adhered to by all directors, officers and employees of PCPPI as they perform their respective duties and responsibilities. This version of our COE includes important provisions such as risk management and internal control. A Company-wide orientation in the PEPSIMULA was conducted for all employees for a thorough understanding of and personal commitment to the COE

Business Conduct & Ethics Directors     Senior Management     Employees
(a) Conflict of Interest Directors, Senior Management and Employees shall avoid any activity and interest that could influence, or appear to be influenced, by personal or family interests that could significantly affect the objective or effective performance of duties and responsibilities in the Company.
(b) Conduct of Business and Fair Dealings Directors, Senior Management and Employees shall maintain high standards of morality, integrity, professionalism and general good character in the conduct of their daily activities.
(c) Receipt of gifts from third parties Directors, Senior Management and Employees are enjoined to avoid the receipt of gifts from third parties which would influence the employee to compromise the best interests of the Company and contrary to law, the giver’s own policies and PCPPI’s policies.
(d) Compliance with Laws & Regulations Directors, Senior Management and Employees shall uphold right conduct and shall personally adhere to the norms and restrictions imposed by applicable laws, rules and regulations.
(e) Respect for Trade Secrets/Use of Non-public Information Unless authorized or legally mandated, Directors, Senior Management and Employees shall maintain and safeguard the confidentiality of any information entrusted by the Company and other parties with whom the Company relates.
(f) Use of Company Funds, Assets and Information Directors, officers and employees shall use company property and resources, including company funds, equipment, supplies and software, and company information and time responsibly and efficiently and only for legitimate business purposes. They shall safeguard company funds and other assets from loss, damage, misuse and theft.
(g) Employment & Labor Laws & Policies The Company has an Manual of Policies and Procedures which provides for employee rights and obligations and sets policies on employee-related matters and are consistent with and in accordance with relevant provisions of the Labor Code.
(h) Disciplinary action The Company has a Code of Conduct and Ethics and any Director, officer and employee who commits a violation shall be subject to disciplinary action (including termination) and other appropriate actions.
(i) Whistle Blower A Director, Senior Management or Employee can “Speak Up” through a Speak-Up Line Unit via phone or email, the numbers and address of which are appropriately advertised internally.
(j) Conflict Resolution The Audit Committee will handle resolution of reported illegal or unethical behavior involving Senior Management or any Board Member. The Audit Committee may ask assistance from Internal Audit and Human Resources Department (HRD) to conduct investigation of subject illegal acts or activities to further support subject reports and findings.

The HRD handles the resolution of reported illegal or unethical behavior involving an employee in accordance with the Company’s policies and procedures.
PCPPI Code of Conduct

This Code of Conduct applies to every employee and consultants of Pepsi-Cola Products Philippines, Inc. at all locations nationwide.

PCPPI Suppliers' Code of Conduct
Corporate Social Responsibility

The Company’s 2020 Corporate Governance Manual sets out the duty of the Board on Corporate Social Responsibility which is to adopt a globally-recognized standard or framework and  a clear policy on the disclosure of non-financial information and reporting sustainability and non-financial issues, with emphasis on the management of economic, environmental, social and governance (EESG) issues of its business, which underpin sustainability. 

Enterprise Risk Management

The Audit Committee Charter provides for the Audit Committee’s role with respect to Enterprise Risk Management. It shall assist with the Board oversight capability over the Company’s

Enterprise Risk Management responsibilities to ensure its functionality and effectiveness.

In the exercise of its oversight responsibility for the risk management process of the Company, the Committee has the following duties and functions as set forth in the Audit Committee Charter:

(a) Develop a formal Enterprise Risk Management plan which contains the following elements: (i) common language or register of risks, (ii) well-defined risk management goals, objectives, and oversight, (iii) uniform processes of assessing risks and developing strategies to manage prioritized risks, (iv) designing and implementing risk management strategies, and (v) continuing assessments to improve risk strategies, processes and measures;

(b) Oversee the implementation of the Enterprise Risk Management plan. The Committee shall conduct regular discussions on the Company’s prioritized and residual risk exposures based on regular risk management reports and shall assess how concerned units or offices are addressing and managing these risks;

(c) Evaluate the risk management plan to ensure its continued relevance, comprehensiveness and effectiveness; The Committee shall revisit defined risk management strategies, look for emerging or changing material exposures, and stay abreast of significant developments that seriously impact the likelihood of harm or loss;

(d) Advise the Board on its risk appetite levels and risk tolerance limits;

(e) Review at least annually the Company’s risk appetite levels and risk tolerance limits based on changes and developments in the business, the regulatory framework, the external economic and business environment, and events or occurrences that are considered to have major impact on the Company;

(f) Assess the probability of each identified risk becoming a reality and estimate its possible significant financial impact and likelihood of occurrence. Priority areas of concern are those risks that are most likely to occur and to impact the performance and stability of the Company and its Stakeholders;

(g) Provide oversight over Management’s activities in managing credit, market, liquidity, operational, legal and other risk exposures of the Company. This includes regularly

receiving information on risk exposures and risk management activities from Management; and

(h) Report to the Board on a regular basis, or as deemed necessary, the Company’s material risk exposures, the actions taken to reduce the risks, and recommend further actions or plans, as necessary.