A Look Back and Ahead for Yum! Brands Sustainability

Rhea-AI Summary

Yum! Brands receives high recognition for climate, water, and deforestation efforts in 2023. Focus on top material issues for 2024 with sustainability assessments and compliance with new EU reporting requirements. Emphasis on data quality, strategy execution, and adaptability in the evolving sustainability landscape.

NORTHAMPTON, MA / ACCESSWIRE / March 11, 2024 / Yum! Brands:

Originally published by Yum! Brands CSO Jon Hixson on LinkedIn

2023 Recognition

Proud of Yum for our recognition from CDP on our climate, water and deforestation efforts. 2023's scores were highest ever across all three CDP categories, with all areas receiving A's or B's. More to do, but a great journey over the last 7 years of continuous improvement. Great work by global teams in engaging with suppliers to help prevent deforestation (a critical element of climate work in global food systems), especially in areas of High Carbon Stock forests and landscapes.

Top 5 for 2024

1. Focus on what's most material: The evolving sustainability landscape requires a renewed focus on the top material issues. Yum is conducting our third sustainability materiality assessment, and our first assessment using the Double Materiality framework to set up compliance with new European Union reporting requirements.
2. Meet increasing demands of regulation: The landscape has shifted for large global companies. Voluntary systems are being displaced by regulated frameworks, especially in US and Europe.
3. Data, data, data: Not sexy, but the importance of good quality data cannot be underestimated. Simplifying what we collect to align with our material priorities is a must for the road ahead.
4. Concentrate on the doing: The right strategy and focus is a key building block. But even more important is doing the actual work to realize the strategy. For Yum Brands, this means taking actions that are Relevant, Easy and Distinctive (RED) for our customers and employees to see. With more than 58,000 restaurants around the world, making sure that our markets have the capability to drive change, is where the rubber really meets the road.
5. Be comfortable in the uncomfortable: Thrive in ambiguity was some of the earliest career advice I first received. It remains a truism for success. Much is changing in the sustainability space - the science is evolving, the innovation keeps getting better, stakeholder and regulatory pressures grow. One thing that's certain is that we must get comfortable with the uncomfortable, to keep moving ahead!

Get your teams ready. Give grace and inspire for a great year ahead!

View additional multimedia and more ESG storytelling from Yum! Brands on 3blmedia.com.

Contact Info:

Spokesperson: Yum! Brands
Website: https://www.3blmedia.com/profiles/yum-brands
Email: info@3blmedia.com

SOURCE: Yum! Brands

View the original press release on accesswire.com

FAQ

What recognition did Yum! Brands receive in 2023 for its efforts?

Yum! Brands received recognition from CDP for its climate, water, and deforestation efforts in 2023, achieving the highest scores ever across all three categories.

What is Yum! Brands focusing on for 2024?

Yum! Brands is focusing on top material issues, conducting sustainability assessments, and ensuring compliance with new European Union reporting requirements in 2024.

Why is data quality important for Yum! Brands?

Data quality is crucial for Yum! Brands to align with material priorities and navigate the evolving sustainability landscape effectively.

What advice does Yum! Brands offer for success in the sustainability space?

Yum! Brands advises getting comfortable with ambiguity, embracing change, and preparing teams for the evolving sustainability challenges ahead.

How many restaurants does Yum! Brands have worldwide?

Yum! Brands operates more than 58,000 restaurants worldwide, emphasizing the need for market capability to drive change.