Yum! Brands is fully committed to ensuring that all of our facilities, whether in the U.S. or any other country, are operated legally, ethically, responsibly and in a manner that benefits the communities in which they are located. Our Worldwide Code of Conduct, summarized on our website under the "Investors - Corporate Governance - Code of Conduct" section, guides our activities around the world. It commits us to act as an environmentally responsible corporate citizen, to provide a safe and healthy work environment, and to seek methods that are both socially responsible and economically sound. Our Worldwide Code of Conduct is disclosed on our website at www.yum.com/governance/conduct.asp.
We know that sustainability includes encouraging long lasting social well being in communities where we operate and interacting with different stakeholders (e.g. clients, suppliers, employees, government, local communities and nongovernmental organizations.)
In this regard, our compensation policy and practice is to pay wages and benefits that are competitive in the respective communities in which we operate, to attract and retain quality employees. In each of the various countries in which we operate our employees are paid wages that are at or above any applicable minimum wage standards.
All our suppliers are required to comply with the laws and regulations of the countries and localities in which they operate. To encourage compliance with all legal requirements and ethical business practices, Yum has established a supplier code of conduct summarized on our web site at www.yum.com/responsibility/suppliercode.asp.
We are committed to enhancing the quality of life in the communities in which we operate. We provide financial support to many local, national and international non-profit organizations, and have implemented programs such as our YUMeals, Pizza Hut's BOOK IT!, Taco Bell's Teen Programs and KFC's Colonel's Kids, to help build stronger families in the communities in which we operate. See www.yum.com/responsibility for more information. In addition, we train our 850,000 system employees four times a year on life skills. These life skills include: listening and responding to our customers; empathy - asking the employee to put himself or herself in the customers' shoes; exceeding customer expectations within reason and recovering from errors when necessary with urgency.
Inclusion and diversity are business imperatives for us and a founding principle. Our commitment in this area is reflected in the diverse style and background of our workforce, and a Company culture that encourages ideas from everyone. Our Community Diversity Department assists in leveraging and promoting community involvement, along with franchise, supplier, and employment diversity, as essential ingredients in our continued growth. Our Supplier Diversity Initiative seeks to develop and facilitate strategic relationships with minority and women-owned business enterprises, advancing the economic strength of the communities where we do business. See www.yum.com/responsibility/diversity.asp for more information.
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