First major U.S. pizza delivery chain to announce that compensation will be linked to environmental, social and governance priorities
Issued by Papa John’s International
Papa Johns introduces ESG metric for bonus plan: first major U.S. pizza delivery chain to announce that ESG priorities will be linked with incentive compensation.
Papa John’s International, Inc. (“Papa Johns”) recently released its 2021 Corporate Responsibility Report, covering initiatives to advance the company’s environment, social, and governance (ESG) strategy and topics most important to the company and stakeholders. In tandem with this year’s report, Papa Johns announced its corporate incentive bonus plan now includes an ESG metric, making the company the first major U.S. pizza delivery chain to announce that its ESG priorities will be linked with incentive compensation.
For 2022, the formula used to determine eligible team members’ and executives’ annual bonuses will be tied to advancing certain ESG priorities that align with Papa Johns purpose, values and business objectives. The ESG metric measures Papa Johns ongoing efforts to enhance diversity, equity and inclusion, assess environmental impacts and opportunities and further Papa Johns commitment to Better Ingredients. Better Pizza.®
“As Papa Johns continues to grow, we remain focused on priorities that set us up for long-term success and create a positive impact on the world around us,” said Rob Lynch, President and CEO of Papa John’s. “We are proud to be among the few companies in our industry linking incentive compensation with achieving ESG initiatives. Taking this step emphasizes the importance we have placed on corporate responsibility.”
The 2022 ESG priorities were informed by Papa Johns Materiality Assessment and established in collaboration with the Papa Johns Executive Leadership Team, Board of Directors and subject-matter experts across the company.
Additional Report Highlights
To view Papa John’s International, Inc.’s 2021 Corporate Responsibility report and learn more about the company's efforts, click here.
About Papa Johns
Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns”) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never-frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with more than 5,600 restaurants in 50 countries and territories as of Dec. 26, 2021. For more information about the Company or to order pizza online, visit www.PapaJohns.com or download the Papa Johns mobile app for iOS or Android.