Strategy & Governance
Many aspects of what we today call Good Growth have long been part of our business. From the introduction of our Recipe for Good and its three priority pillars of People, Food and Planet, to its subsequent elevation in 2020 as a complement to our Recipe for Growth, Yum!’s strategy ensures we’re building the world’s most loved, trusted and fastest-growing restaurant brands, and achieving our purpose of unlocking opportunity. Guided by this strategy, we’ve galvanized our teams to make progress in each of these important areas, accelerating new restaurant development worldwide and building a strong and diversified business.
The Yum! Value Chain
Most people know Yum! through our iconic brands: KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. While our restaurants—and the people who work in them—are the heart of our business, our full impact ranges further. Here’s a look at the ways we make an impact across our value chain:
We recognize that neither growth nor good can exist on its own and we need to operate sustainably, protect and preserve natural resources, and create value for all stakeholders. Yum! Brands’ Good Growth strategy allows us to mitigate risks inside and outside our business—related to regulations, resource scarcity and cost—as well as to increase relevance among the growing number of customers and employees for whom these issues are a top concern. We’ve made commitments spanning our three pillars of People, Food and Planet, with a focus on the following areas that are core to our business and therefore present the greatest potential for positive impact that include less carbon, better packaging and removing barriers.
We align our priority areas of work with the UN Sustainable Development Goals (SDGs), an ambitious, global vision for ending poverty, reducing inequalities and tackling climate change by 2030. We have identified specific SDGs that align most closely with our three priority pillars of People, Food and Planet.
Good Growth Roles & Responsibilities
Who they are
How they engage on ESG
Yum! Board of Directors
With ultimate oversight for citizenship and sustainability issues. Entire board receives briefings at least once a year, quarterly Planet updates through the Nominating & Governance Committee and regular email updates on the citizenship and sustainability landscape
Global Leadership Team
Regularly engaged with and informed on material topics
ESG Disclosure Committee
As a counterpart to the Financial Disclosure Committee, this management-level committee focuses on non-financial ESG disclosures, related regulations and compliance; members include senior finance, legal and compliance leaders
Brand-Level Leadership
Chief sustainability officers and/or steering committees within our brands strategize and engage markets and franchisees to drive progress.
