Yum! Brands Annual Global Citizenship & Sustainability Report Showcases Company’s Strategic Investment in Socially Responsi...
September 30 2020 - 8:00AM
Business Wire
KFC, Pizza Hut, Taco Bell and The Habit Burger
Grill parent advances agenda around priority areas of people, food
and planet
Yum! Brands, Inc. (NYSE: YUM) today released its annual Global
Citizenship & Sustainability Report, highlighting the Company’s
strategic investment in socially responsible growth and outlining
efforts of its KFC, Pizza Hut, Taco Bell and The Habit Burger Grill
brands to make a meaningful impact in three strategic focus areas:
people, food and planet. The Company advanced its global
citizenship and sustainability agenda, called its Recipe for Good,
by creating a new social purpose to unlock opportunity in frontline
restaurant teams and communities with a $100 million investment
over five years. In addition, Yum! expanded efforts to offer
customers globally more balanced choices including plant-based and
vegetarian menu items, and the Company continued its climate change
journey by increasing efficiencies in its restaurants and corporate
offices and making progress on key deforestation commitments
including paper, palm oil, beef and soy.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200930005464/en/
“As a global restaurant company, we can and must do more to
unlock opportunities and make real and lasting change that will
benefit our businesses and communities,” said David Gibbs, CEO,
Yum! Brands, Inc. “To reflect the growing intersection of business
and purpose, we recently integrated our Recipe for Growth – the
guiding principles of our business strategy – with our Recipe for
Good. This unified approach will help us better serve our
employees, customers and communities when it comes to the issues
they care about most.”
The content of the report reflects key initiatives and areas of
work announced since Yum! Brands published its last report in June
2019 and showcases progress against its existing public
commitments, which align with priority topics identified in the
Company’s most recent materiality assessment. The report is
prepared according to Global Reporting Initiative Standards, the
most widely recognized framework for sustainability reporting.
Highlights from Yum! Brands’ new Global Citizenship &
Sustainability Report include:
People
- Launched the Unlocking Opportunity Initiative with an
investment of $100 million over five years to fight inequality for
frontline restaurant teams and communities around the globe with a
focus on Equity & Inclusion, Education and
Entrepreneurship.
- Announced commitment to increase representation of Black,
Latinx and female associates among the Company’s executive and
management ranks, franchisees and suppliers.
- Acquired Heartstyles, a company offering a world-class
leadership development program, to further unlock potential and
build the capabilities of people who drive performance for the
Company’s restaurants around the world.
- In 2019, Yum! donated $66 million globally to support brand
efforts such as the KFC Foundation, Pizza Hut’s BOOK IT! Program
and the Taco Bell Foundation’s Live Más Scholarship. The Company
also donated 5.95 million pounds of food globally through its food
donation program Harvest.
Food
- Conducted more than 90,0000 restaurant food safety audits in
2019, totaling more than 367,000 since 2016.
- Established a new goal, aligned with the World Health
Organization and the Dietary Guidelines for Americans, to offer
more lower calorie menu options across main dishes, combos and
sides.
- Expanded plant-forward product innovation to meet the lifestyle
choices of consumers, including plant-based tests at its brands
globally and launching “Veggie Mode” at Taco Bell U.S.
Planet
- On track to submit science-based targets (SBTs) by the end of
2020 as part of the Company’s continued climate change strategy.
Additionally, achieved goal to use 100% renewable energy at its
corporate U.S. offices by the end of 2020 by purchasing Renewable
Energy Credit, entering into a Power Purchasing Agreement to offset
electricity use and exploring onsite options for the future.
- Advanced Yum!’s no deforestation commitments by continuing to
make progress on its paper-based packaging goal, meeting its palm
oil goal and increasing transparency by reporting to CDP Beef for
the first time. The Company also disclosed that 100% of Brazilian
feed mills in its supply chain were audited as compliant in
aligning with the Amazon Soy Moratorium to help protect tropical
forests in 2019.
- Announced plans to remove Styrofoam and expanded polystyrene
from all packaging by 2022 with 2019 data reporting that only 2% of
plastic used by KFC consisted of expanded polystyrene.
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,
making it a leader in global retail development primarily 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. In 2019,
Yum! Brands was named to the Dow Jones Sustainability North America
Index and in 2020, the company ranked among the top 100 Best
Corporate Citizens by 3BL Media.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200930005464/en/
Alecia Berry 502-874-8200
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Apr 2023 to Apr 2024