Yum! Brands Annual Global Citizenship & Sustainability Report Showcases Company’s Commitment to Socially Responsible Growth; Highlights Progress Around Priority Areas of People, Food, Planet
July 27 2021 - 8:00AM
Business Wire
Yum! Brands, Inc. (NYSE: YUM) today released its annual Global
Citizenship & Sustainability Report, highlighting the Company’s
strategic investments in socially responsible growth, risk
management and sustainable stewardship of its people, food and
impact on the planet. Yum! and its KFC, Pizza Hut, Taco Bell and
The Habit Burger Grill brands made progress in critical areas
including climate action, food safety and creating greater equity
and opportunity across its system.
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Yum! Brands, Inc. (NYSE: YUM) today
released its annual Global Citizenship & Sustainability Report,
highlighting the Company’s strategic investments in socially
responsible growth and sustainable stewardship of its people, food
and impact on the planet. Yum! and its KFC, Pizza Hut, Taco Bell
and The Habit Burger Grill brands made progress in critical areas
including climate action, food safety and creating greater equity
and opportunity across its system. (Photo: Business Wire)
“2020 marked a turning point for communities and businesses
around the world, as the pandemic deepened existing societal issues
and inequalities,” said David Gibbs, CEO, Yum! Brands, Inc. “Across
our global system, we plan to be a meaningful part of the solution
to the world’s most pressing issues—inequality and the lack of
opportunity that goes with it along with climate change and the
impact to our lives and the planet. Our Recipe for Growth &
Good shows the steps we are taking to make even greater impacts for
our people, franchisees, customers and communities.”
Yum! Brands continued to advance its global citizenship and
sustainability agenda, called its Recipe for Good, which focuses on
the priority areas of people, food and planet. On people, Yum!
began to execute the Unlocking Opportunity Initiative, a five-year
commitment to invest $100 million inside and outside its business
to tackle inequality. Unlocking Opportunity Grants are being made
to invest in equity and inclusion, education and entrepreneurship
for employees, front-line restaurant teams and communities around
the world. On the planet, Yum! also set science-based targets to
reduce greenhouse gas (GHG) emissions 46% below 2019 levels by 2030
across its restaurants and supply chain and pledged to achieve
net-zero emissions by 2050. In addition, Yum! continued its
unwavering focus on food safety and expanded investments in
plant-based and vegetarian options.
“We’ve sharpened our strategic focus as the growing intersection
of business and corporate purpose has become clearer,” said Jerilan
Greene, Global Chief Communications & Public Affairs Officer of
Yum! Brands, Inc. and Chairman and CEO of the Yum! Foundation. “Our
global scale gives us a big opportunity and a responsibility to
make a material impact on the issues facing our people, communities
and the planet and our brands are taking action to do that with
ever greater ambition.”
Yum! has a long history of investing in programs that advance
priority environmental, social and governance (ESG) issues and
participating in regular disclosure to show progress and
transparency through key reports including the Bloomberg
Gender-Equality Index, CDP and Dow Jones Sustainability Index North
America, in addition to publishing its annual Global Citizenship
& Sustainability Report.
The report reflects key initiatives and areas of work announced
since Yum! Brands published its last report in 2020, showcases
progress against its existing public commitments and covers the
Company’s ESG strategy. The report is prepared according to Global
Reporting Initiative (GRI) Standards, the most widely recognized
framework for sustainability reporting.
Highlights from Yum!’s new Global Citizenship &
Sustainability Report include:
Citizenship
- Completed a new materiality assessment to further align
priority topics driving Yum!’s ESG agenda
- Conducted first-ever Task Force on Climate-Related Financial
Disclosures (TCFD) assessment to understand climate risks and
opportunities across its restaurants and supply chain
- Reported first-time data consistent with the Sustainable
Accounting Standards Board (SASB)
People
- Made initial grants through the $100 million global Unlocking
Opportunity Initiative to launch, expand or advance programs that
support front-line restaurant teams and communities around the
world
- Launched the Yum! Center for Global Franchise Excellence at the
University of Louisville, a first-of-its-kind education and
research center offering multiple levels of online education about
franchising across industries and educating underrepresented people
of color and women on the possibilities of franchising as a pathway
to entrepreneurship
- Joined the OneTen coalition, uniting with other U.S. businesses
to create career mobility and advancement opportunities for 1
million Black individuals in the U.S. over the next 10 years
- Joined the Publicis Media Once & For All Coalition, a
multi-year, cross-industry collaboration to build a more equitable
advertising ecosystem for ethnically diverse media suppliers,
content creators and production partners, with an initial focus on
Black and Hispanic platforms. Alongside the Coalition, Yum! Brands
will establish a U.S. Multicultural Marketing Leadership Council to
drive cross-brand implementation of the Company’s multicultural
marketing strategies
- Increased the number of women in senior leadership globally to
47%, accelerating its target to achieve gender parity in leadership
globally by 2025
- Yum! and its brands donated $70 million to support brand
efforts such as KFC’s Blessings in a Backpack partnership, Pizza
Hut’s BOOK IT! Program and the Taco Bell Foundation’s Live Más
Scholarship
- Strengthened supplier development and engagement around human
rights in the supply chain by committing to have all suppliers
globally on Sedex platform by 2023
Food
- Conducted more than 467,500 restaurant food safety audits since
2016
- Expanded plant-forward innovation to meet growing demand for
sustainable options and flexible diets through a new strategic
partnership with Beyond Meat, Inc., in which each of Yum!’s major
brands will introduce plant-based menu offerings
- Continued working to reduce sodium on menus globally, with
Pizza Hut International using low-sodium cheeses in approximately
40% of its markets
Planet
- Announced science-based targets to reduce GHG emissions 46%
below 2019 levels by 2030 and pledged to reach net-zero by 2050
across restaurants and supply chains by working closely with
brands, franchisees and suppliers
- Committed to move 1,000 restaurants to renewable energy by the
end of 2021 and joined the Renewable Energy Business Alliance
(REBA)
- Continued sustainable packaging efforts through strategic
partnerships, with Taco Bell leading the way by collaborating with
international recycling leader TerraCycle to explore the
recyclability of its sauce packets
For more information and to view Yum! Brands’ new Global
Citizenship & Sustainability Report visit
www.yum.com/citizenship.
About Yum! Brands, Inc.
Yum! Brands, Inc., based in Louisville, Kentucky, has over
50,000 restaurants in more than 150 countries and territories,
operating the Company’s brands – KFC, Pizza Hut and Taco Bell –
global leaders of the chicken, pizza and Mexican-style food
categories. The Company’s family of brands also includes The Habit
Burger Grill, a fast-casual restaurant concept specializing in
made-to-order chargrilled burgers, sandwiches and more. Yum! Brands
was included on the 2021 Bloomberg Gender-Equality Index. In 2020,
Yum! Brands was named to the Dow Jones Sustainability Index North
America and was ranked among the top 100 Best Corporate Citizens by
3BL Media.
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version on businesswire.com: https://www.businesswire.com/news/home/20210727005649/en/
Analysts are invited to contact: Jodi Dyer, Vice President,
Investor Relations and CFO, Digital & Technology, at
888/298-6986
Members of the media are invited to contact: Alecia Berry,
Senior Manager, Global Sustainability and Communications, at
502/874-8200
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