Coca-Cola, PepsiCo Planning to Comply With Trump’s DEI Policy

Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter.

Coca-Cola, which provides beverages on military bases and in other government facilities, will adhere to the administration’s directive, according to a person familiar with the matter who wasn’t authorized to speak publicly. The company is likely to disclose any changes in forthcoming filings with the Securities and Exchange Commission, the person said.

Asked earlier this week whether the company is changing its DEI policies, Coca-Cola Chief Financial Officer ...