SOURCE: Yum! BrandsDESCRIPTION:
LOUISVILLE, KY, December 9, 2021 /3BL Media/ – Yum! Brands (NYSE: YUM) was named to the Dow Jones Sustainability Index (DJSI) North America for its commitment to citizenship and sustainability across its restaurant business, marking the fifth consecutive year the Company has made DJSI, the leading sustainability benchmark. Yum!’s Global Citizenship & Sustainability Strategy, called its Recipe for Good, is the Company’s roadmap for social responsibility, risk management and sustainable stewardship of its people, food and planet.
“At Yum!, our citizenship and sustainability strategy reflects the evolving environmental, social and governance landscape and the issues that are most material to our brands including climate change, equity and inclusion, and sustainable packaging,” said Jerilan Greene, Yum! chief communications and public affairs officer, and chairman and CEO of Yum! Brands Foundation. “Being named to the Dow Jones Sustainability Index North America for the fifth year in a row reinforces our belief that business can act as a change agent to make a positive impact and is a great sense of pride for our teams around the world.”
In recent years, Yum! has accelerated its citizenship and sustainability efforts. In April 2021, the Company announced science-based targets to reduce greenhouse gas emissions nearly 50% by 2030 and pledged to reach net-zero by 2050. Yum! also continued to expand its plant-forward innovation to meet the growing demand for sustainable options and flexible diets. In addition, the Company made initial grants through its $100 million global Unlocking Opportunity Initiative to launch, expand or advance programs that support front-line restaurant teams and communities around the world.
“Yum! and our brands have made significant progress to advance our citizenship and sustainability agenda and to further embed our social purpose and sustainability strategies into the business,” said Jon Hixson, Yum! chief sustainability officer and vice president of global government affairs. “Moving forward, we will continue to strengthen our programs and work closely with the global teams leading this work every day, alongside our franchisees and supply chain partners.”
Since launching in 1999, DJSI has become a leading global index that tracks the sustainability strategies and work of publicly listed companies. Each year, the index assesses and ranks selected companies for their performance with environmental, social and governance (ESG) criteria. The Dow Jones Sustainability™ North America Index comprises North American sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment. It represents the top 20% of the largest 600 North American companies in the S&P Global BMI based on long-term economic, environmental and social criteria. View more details about the 2021 DJSI here.
Manjit Jus, Global Head of ESG Research, S&P Global said, “We congratulate Yum! Brands for being included in the Dow Jones Sustainability Index North America. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is a testament to the growing movement for ESG disclosure and transparency.”
Yum!’s 2020 Global Citizenship & Sustainability Report showcases the progress made across the Company’s people, food and planet commitments. In addition to its annual citizenship and sustainability report and DJSI, the Company participates in other key disclosures including the Bloomberg Gender-Equality Index and CDP.
Learn more about Yum!’s long-standing reporting history and overall citizenship and sustainability journey here.
About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has over 52,000 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 2021, Yum! Brands was named to the Dow Jones Sustainability Index North America and in 2020, was ranked among the top 100 Best Corporate Citizens by 3BL Media.
KEYWORDS: Yum! Brands, 2021 Dow Jones Sustainability Index, NYSE:YUM