A Message from Chris Turner

At Yum! Brands, our mission is to grow iconic restaurant brands globally. We do that by creating the most loved, trusted and connected brands through our Recipe for Good Growth. As the world’s largest restaurant company, our franchise model brings together approximately 1,500 franchisees who operate the majority of our more than 63,000 restaurants across 155 countries and territories. That scale carries responsibility and opportunity to help drive positive impact for our people, the communities we serve and the planet we all share.

Navigating Change, Creating Opportunity
In 2025, we made continued progress on our global citizenship and sustainability priorities while navigating meaningful change, both in our business and in the external environment. Across markets, evolving regulations and disclosure expectations are reshaping how companies approach issues like packaging and responsible sourcing. At the same time, our teams remain focused on building capabilities and systems that support our franchisees and strengthen our brands for the long term. This work is not separate from performance. It’s part of how we protect and grow our business by delivering efficiency and impact today while building resilience and trust over time.

Making an Impact While Delivering Results
This report details how we are advancing our People, Food and Planet pillars. We are investing in our culture and talent, expanding global leadership development and learning while fostering a workplace defined by Smart, Heart and Courage. We are strengthening the systems that help consumers trust our food through governance, standards and capability-building in food safety, and through continued work to support balanced choices and responsible sourcing. And we are taking practical steps to reduce environmental impact, prioritizing actions that are scalable, measurable and workable for a global, franchise system.

Grounded in Collaboration
Across all of this work, we are focused on the progress we can stand behind that’s grounded in strong governance and clear accountability and communicated with discipline. We know we can’t do this alone. Our impact depends on the innovation, commitment and leadership of our franchisees, the partnership of our suppliers and the dedication of our teams around the world.

Thank you for your continued trust and engagement as we work to grow KFC, Taco Bell, Pizza Hut and Habit responsibly.