STOCK TITAN

Yum! Brands Recognized for Climate Action and Transparency

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Yum! Brands receives accolades for sustainability efforts from CDP, S&P Global, and Newsweek. The company's Climate Change score improved to an A- and Water Security score to an A. Yum! made it to the DJSI North America list for the seventh year and was recognized in the S&P's Sustainability Yearbook. Newsweek named Yum! one of America's Most Responsible Companies 2024. Yum! aims to reduce greenhouse gas emissions by 50% by 2030 and is investing in renewables and energy efficiencies.
Positive
  • None.
Negative
  • None.

NORTHAMPTON, MA / ACCESSWIRE / February 29, 2024 / Yum! Brands:

The world's largest restaurant company has recently earned praise from CDP, S&P Global and Newsweek.

Yum! Brands

Yum! is best known for its RED (relevant, easy and distinctive) brands - KFC, Pizza Hut, Taco Bell and The Habit Burger Grill - but recent accolades in the sustainability space might make consumers see it as green.

This month, CDP, a global organization that runs a leading sustainability disclosure system, released its rankings, and Yum!'s Climate Change score improved to an A-, and the company matched its previous Water Security score with an A-. All of Yum!'s CDP scores, including its Forest assessment, achieved scores of a B or higher.

The company also made the S&P Global's Dow Jones Sustainability Index (DJSI) North America list for the seventh consecutive year and was selected for the S&P's Sustainability Yearbook, which aims to distinguish companies that have demonstrated strengths in corporate sustainability. In December, Newsweek named Yum! as one of America's Most Responsible Companies 2024, giving it the lead spot among restaurant companies.

"I'm proud that Yum! continues to be recognized by CDP and others for the continuous improvements in our sustainability agenda," said Yum! Chief Sustainability Officer & Vice President of Global Government Affairs Jon Hixson. "This recognition reflects the great work of the team and leaders within our global system who drive results in an ever-evolving space."

Yum!'s citizenship and sustainability efforts are guided by the business's Recipe for Good Growth strategy, which focuses on its people, food and planet. Central to Yum!'s planet pillar is its climate goal to reduce greenhouse gas (GHG) emissions across its restaurant and supply chain by nearly 50% by 2030. Since having near-term science-based targets (SBTs) approved in 2021, Yum! and its brands have taken a multipronged approach by identifying opportunities with restaurants and suppliers. This includes investing in renewables and energy efficiencies in restaurants and establishing key pilots to support responsible agricultural practices for core proteins of beef, dairy and poultry.

Yum! is also updating governance structures to oversee process and data across the organization to comply with new laws, like the European Union's Regulation on Deforestation-Free Products (EUDR) and Corporate Sustainability Reporting Directive (CSRD).

Likewise, the company is actively working to assess its impact on biodiversity, which includes conducting a biodiversity risk assessment and evaluating the Science Based Targets initiative (SBTi) Forest, Land and Agriculture (FLAG) guidance among other disclosures.

To learn more about Yum!'s citizenship and sustainability efforts and continued reporting journey, visit yum.com.

Image provided by Yum! Brands.



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 sustainability accolades has Yum! Brands recently received?

Yum! Brands received praise from CDP, S&P Global, and Newsweek for its sustainability efforts.

What are Yum!'s Climate Change and Water Security scores?

Yum!'s Climate Change score improved to an A- and Water Security score to an A.

How is Yum! contributing to reducing greenhouse gas emissions?

Yum! aims to reduce greenhouse gas emissions by nearly 50% by 2030 through investments in renewables and energy efficiencies.

What recognition did Yum! receive from Newsweek?

Newsweek named Yum! one of America's Most Responsible Companies 2024.

What is Yum!'s Recipe for Good Growth strategy focused on?

Yum!'s Recipe for Good Growth strategy focuses on its people, food, and planet, with a goal to reduce greenhouse gas emissions.

Yum! Brands, Inc.

NYSE:YUM

YUM Rankings

YUM Latest News

YUM Stock Data

37.68B
281.17M
0.14%
87.48%
3.22%
Restaurants
Retail-eating Places
Link
United States of America
LOUISVILLE