Summary Highlights Progress and Continued
Action In Workplace, Diversity, Equity and Inclusion, Supply Chain
and Sustainability Initiatives
Today, Shake Shack published its annual Stand for Something
Good® Summary that provides a 2022 update of domestic,
company-operated business initiatives focused on diversity, equity
and inclusion, workplace benefits and compensation, supply chain,
sustainability and governance. The summary also provides an update
on our continued growth and menu innovations.
“Our mission since our first Shack has always been to Stand for
Something Good, and that unwavering commitment is as strong as ever
today. It is reflected in the dedication of every member of the
Shake Shack team, our deep connection with guests, and our
meaningful relationships with suppliers and our stockholders,” said
Randy Garutti, Chief Executive Officer of Shake Shack. “I am
grateful for our teams worldwide, who continue to embody the values
we’ve had since day one. Here’s to an even brighter year ahead,
together in 2023!”
Our Culture
“We’re committed to providing equal opportunities for success,
removing barriers and fostering a culture of diversity, inclusion
and empowerment to ensure that Shake Shack continues to be a great
place to work,” said Diane Neville, Chief People Officer at Shake
Shack.
- Career Advancement: Announced more than 2,600 internal
promotions, with 55% going to women and 77% going to people of
color in 2022.
- Diversity & Inclusion: Since establishing our 2025
diversity goals, we’ve increased the representation of women and
people of color in Shack leadership by 33% and 18%, respectively.
Our continued focus on the attraction, development and retention of
diverse leadership moves us closer toward achieving our broader
goals. In 2022, the Human Rights Campaign also recognized Shake
Shack as a “Best Place to Work for LGBTQ+ Equality” for inclusive
benefits, policies, and workplace practices.
- Learning & Development: Enhanced talent development
programs with our Shift Up, Women’s Leadership Development and New
Manager Leadership Program.
- Benefits: In addition to parental leave for birth
parents and bonding time for non-birth parents, we launched
reproductive health benefits for team members, which include
options for family planning, coverage for pregnancy terminations
and counseling support.
- Tipping: Enabled optional tipping at most of our Shacks,
giving team members the opportunity to earn more for delivering a
great guest experience.
Our Dedication to the Highest Quality
We continue increasing the amount of regeneratively sourced
protein added to our supply chain, which supports farming and
ranching practices that deliver positive environmental, social, and
economic outcomes. We have been collaborating with CreamCo and
Richards Grassfed Beef, to offer a burger made with a
regeneratively-raised meat patty on our menu in Northern
California. In 2022, we sold nearly 48k pounds of regeneratively
raised meat.
“Food is at the center of what we do. We’re committed to always
sourcing real, premium ingredients to ensure our guests can feel
good about what they are eating,” said Lisa Kartzman, Vice
President of Supply Chain at Shake Shack. “Guided by our vision of
quality and food safety, our culinary team continues to craft
high-quality menu items, surprising and delighting guests with
innovative recipes.”
Our Environmental Responsibility
We are finding more opportunities and ways to reduce our carbon
footprint by seeking new ways to expand our use of renewable energy
at Shack locations, increase resource efficiency, and identify new
suppliers who share our commitment to sustainability.
“We must respect the natural environment that our business
depends on to serve the food our guests love,” said Jeffery
Amoscato, Senior Vice President of Supply Chain & Menu
Innovation at Shake Shack. “That means we are continuously evolving
our efforts to reduce our environmental footprint, focusing on
critical areas such as energy efficiency, waste reduction, and
collaboration with farmers, suppliers, and guests to drive
meaningful change across the food industry.”
The initiatives outlined in our 2022 summary incorporate key
performance indicators from the UN Sustainable Development Goals, a
collection of 17 global goals set by the UN General Assembly, which
serve as a call to action to ensure a better and more sustainable
future.
To read the full summary, see here. For more information on
Shake Shack and its mission to Stand for Something Good®, visit the
Corporate Governance section of the Company’s Investor Relations
website at investor.shakeshack.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, which are subject to known and unknown risks, uncertainties
and other important factors that may cause the Company’s actual
results, performance and achievements to differ materially from the
results and expectations expressed or implied in this release. All
statements other than statements of historical facts included in
this release are forward-looking statements, including, but not
limited to, statements regarding our business plans and objectives,
our strategies and systems for implementing our goals, our
operations, our commitments to programs and policies, and our
expectations and priorities for measuring our goals and the metrics
we use with respect to corporate responsibility, sustainability and
environmental matters, employees, policy, business, our supply
chain standards, and other risks and opportunities. All
forward-looking statements are expressly qualified in their
entirety by these cautionary statements.
You should evaluate all forward-looking statements made in this
press release in the context of the risks and uncertainties
disclosed in the Company’s annual report on Form 10-K and quarterly
reports on Form 10-Q, as filed with the Securities and Exchange
Commission (the SEC), as well as in our other public statements.
All of the Company’s SEC filings are available online at
www.sec.gov, www.investor.shakeshack.com, or upon request from
Shake Shack Inc. The forward-looking statements included in this
release are made only as of the date hereof and are not guarantees
of future performance or commitments. The Company undertakes no
obligation to publicly update any of the statements in this
release, except as required by law.
About Shake Shack
Shake Shack serves elevated versions of American classics using
only the best ingredients. It’s known for its delicious
made-to-order Angus beef burgers, crispy chicken, hand-spun
milkshakes, house-made lemonades, beer, wine, and more. With its
high-quality food at a great value, warm hospitality, and a
commitment to crafting uplifting experiences, Shake Shack quickly
became a cult-brand with widespread appeal. Shake Shack’s purpose
is to Stand For Something Good®, from its premium
ingredients and employee development, to its inspiring designs and
deep community investment. Since the original Shack opened in 2004
in NYC’s Madison Square Park, the Company has expanded to over 460
locations system-wide, including over 300 in 32 U.S. States and the
District of Columbia, and over 160 international locations across
London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul,
Dubai, Tokyo, Seoul and more.
Skip the line with the Shack App, a mobile ordering app
that lets you save time by ordering ahead! Guests can select their
location, pick their food, choose a pickup time and their meal will
be cooked-to-order and timed to arrival. Available on iOS and
Android.
Learn more: shakeshack.com | IG: @shakeshack | t: @shakeshack |
facebook.com/shakeshack
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230622030345/en/
Media: Shake Shack Katie Scott kscott@shakeshack.com
or
Investors: ICR Melissa Calandruccio, CFA Michelle Michalski
(844) SHACK04 (844-742-2504) investor@shakeshack.com
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