07/27/2021 | Press release | Distributed by Public on 07/27/2021 06:04
Louisville, KY, July 27, 2021 &emdash; 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.
'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:
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.