Published 07-20-22
Submitted by Yum! Brands
LOUISVILLE, Ky., July 20, 2022 /CSRwire/ - Today, Yum! Brands, Inc. (NYSE: YUM) released its annual Global Citizenship & Sustainability Report, highlighting the Company’s strategic investments in socially responsible growth, risk management and stewardship of its people, food and impact on the planet. This includes addressing climate change, advancements in sustainable packaging and creating equity in the communities it serves.
“We delivered strong business results in 2021, which is a testament to our Recipe for Growth & Good, demonstrating that focus on environmental, social and governance (ESG) issues is not incidental to growth, but an enabler of it,” said Yum! Brands CEO David Gibbs. “We continue to actively embed ESG considerations into our business strategy and adopt responsible business practices because it’s the right thing to do and fuels results.”
Yum!’s achievements included announcing science-based targets (SBTs) and launching key programs targeting reductions in its restaurants and supply chain, publishing a harmonized packaging policy across all four of its brands, and a first-of-its-kind education and research center to unlock opportunities in franchising for underrepresented people of color and women.
“Over the last year, we’ve deepened our capabilities and commitment to advance progress on our climate, sustainable packaging and equity and inclusion priorities,” said Jerilan Greene, Yum! Brands ESG Council Chair, Chief Communications & Public Affairs Officer and Chairman and CEO of the Yum! Foundation. “We believe that our continued investment in our Recipe for Good strategy is essential to building a more resilient business in partnership with our employees, franchisees and suppliers.”
The report reflects key initiatives and areas of work announced since Yum! Brands published its last report in 2021, showcases progress against its existing public commitments and covers the Company’s ESG strategy. Because of the Company’s continued progress and its transparent disclosure, Yum! was named to the Dow Jones Sustainability Index North America for the fifth consecutive year and included on Newsweek's ranking of America's Most Responsible Companies in 2021.
“Our environmental sustainability agenda marked a number of important milestones over the past year with the approval of our science-based targets and the launch of strategic programs around renewable energy in our restaurants and emissions efficiency in our supply chain, in addition to elevating our sustainable packaging work,” said Jon Hixson, Yum! Chief Sustainability Officer and Vice President of Global Government Affairs. “As we look ahead, there’s more work to do and we continue building on our strong foundation to keep making progress.”
The report is prepared according to Global Reporting Initiative (GRI) Standards, the most widely recognized framework for sustainability reporting, and contains a Sustainable Accounting Standards Board (SASB) disclosure.
Highlights from Yum!’s new Global Citizenship & Sustainability Report include:
People
Food
Planet
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 54,000 restaurants in more than 155 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 named to the 2021 Dow Jones Sustainability Index North America and was ranked on Newsweek’s list of 2021 America’s Most Responsible Companies. In 2022, Yum! Brands was named to 3BL Media’s 100 Best Corporate Citizens.
Contacts
Analysts are invited to contact:
Jodi Dyer
Vice President, Yum! Investor Relations
(888) 298-6986
Members of the media are invited to contact:
Alecia Berry
Senior Manager, Yum! Global Sustainability & Communications
(502) 874-8200
Yum! Brands, Inc., based in Louisville, Kentucky, has over 54,000 restaurants in more than 155 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 named to the 2021 Dow Jones Sustainability Index North America and was ranked on Newsweek’s list of 2021 America’s Most Responsible Companies. In 2022, Yum! Brands was named to 3BL Media’s 100 Best Corporate Citizens.
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