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Food Planet People 2017 GLOBAL FOOD CITIZENSHIP & SUSTAINABILITY REPORT PLANET PEOPLE 2017 GLOBAL CITIZENSHIP & SUSTAINABILITY REPORT TABLE OF CONTENTS CITIZENSHIP Corporate Profile ............................................3 Stakeholder Engagement............................ 10 CEO Message ..................................................5 Materiality ................................................... 12 Performance Summary ...................................6 About This Report ........................................ 14 Corporate Governance ....................................8 Policies & Positions ...................................... 14 Global Citizenship & Sustainability Strategy ..9 FOOD PLANET PEOPLE Food Dashboard .......................................... 16 Planet Dashboard ........................................ 28 People Dashboard ....................................... 44 Food Safety Green Buildings .......................................... 30 Culture & Talent ........................................... 45 Culture ..................................................... 17 Energy Efficiency ...................................... 31 Talent Development .................................... 47 Governance .............................................. 19 Water Conservation ................................. 33 Opportunities for Audits ....................................................... 20 Waste Reduction ...................................... 36 Restaurant Employees ............................. 48 Training .................................................... 21 Supply Chain ............................................... 38 Scholarships & Academic Support ........... 49 Choice & Nutrition Animal Protein ......................................... 39 Opportunities for Strategy .................................................... 22 Forest Stewardship ................................... 41 Corporate Employees ............................... 50 Dietary & Lifestyle Needs ......................... 23 Diversity & Inclusion .................................... 51 Nutrients We Encourage .......................... 24 Employee Resource Groups ..................... 52 Nutrients We Limit ................................... 25 Partnerships & Recognition ..................... 52 Responsible Marketing ............................... 26 Franchise Diversity ................................... 53 Supplier Diversity ..................................... 53 Community & Philanthropy......................... 54 Hunger Relief ........................................... 55 Literacy ..................................................... 56 REPORTING Youth Education ....................................... 57 Employee Giving ...................................... 59 Forward-Looking Statements....................... 63 Employee Benefits ...................................... 60 GRI Index ..................................................... 64 Ethics & Human Rights ................................ 61 Ingredients for Creating Yum! Brands is building the world’s most loved, trusted and fastest growing restaurant brands with a carefully crafted recipe. Recipe... We start with a commitment to socially responsible growth, mixed with people who lead with heart. We act responsibly and courageously when it comes to the food we serve, our impact on the planet and the way we treat our We put it all together to customers, our people and make the world better and our communities. create a world with: More choices. More transparency. More innovation. A World With More Yum! That’s IN THIS SECTION Corporate Profile ................................... 3 CEO Message ......................................... 5 Performance Summary .......................... 6 Corporate Governance ........................... 8 Global Citizenship & Sustainability Strategy ....................... 9 CITIZENSHIP Stakeholder Engagement.................... 10 Materiality ........................................... 12 About This Report ................................ 14 Policies & Positions .............................. 14 CITIZENSHIP > CORPORATE PROFILE CORPORATE PROFILE Yum! Brands is focused on building KFC, Pizza Hut and Taco Bell to be the world’s most loved, trusted and fastest growing restaurant brands. As a global company, we aim to make the world better by acting responsibly with respect to food, planet and people. Yum! is headquartered in Louisville, Ky., and trades on the New York Stock Exchange under the ticker symbol YUM. These values are: OUR BRANDS § Champion the customer experience § Serve up trust in every bite § Adopt and share the best ideas § Deliver results, overnight and over time § Be focused and stay hungry § Recognize wins, big and small § In 2017, Yum! Brands marked the first year of our multi-year transformation Lead with smart, heart and courage § journey that began with the spinoff of our China business in October Believe in all people § 2016 and continues as we execute our growth strategy of becoming a Make the world better company that is more focused, franchised and efficient. As of the end of The next component of our Recipe for Growth is a set of four key growth 2017, 97 percent of our restaurants were franchise owned and at least drivers that serve as the foundation upon which our sustainable, long- 98 percent will be franchised by the end of 2018. term results are being built. To unlock our potential, we have developed a strategic Recipe for Growth. These drivers will allow us to keep our promises to serve delicious food, This recipe begins with a set of shared values. Our values challenge and make our food accessible to customers, give employees a place to grow inspire us to elevate our brands, culture, performance and impact on and make a difference, offer profitable partnership opportunities for customers and the communities that we serve. franchisees and deliver strong returns and long-term value. OUR GROWTH DRIVERS Distinctive, Relevant Bold Restaurant Unmatched Franchise Unrivaled Culture & Easy Brands Development Operating Capability & Talent Innovate and elevate iconic Drive market and franchise Recruit and equip the best Leverage culture and restaurant brands people trust unit expansion with strong restaurant operators in the people capability to fuel and champion economics and value world to deliver great brand performance and customer experiences franchise success 2017 GLOBAL CITIZENSHIP & SUSTAINABILITY REPORT 3 CITIZENSHIP > CORPORATE PROFILE RECOGNITION COUNTRIES & + BARRON’S 100 MOST 135 TERRITORIES SUSTAINABLE COMPANIES BLOOMBERG RESTAURANTS GENDER-EQUALITY INDEX BY BRAND* KFC 21,487 • CDP CLIMATE, FORESTS • Pizza Hut 16,748 AND WATER • Taco Bell 6,849 *As of year-end 2017 CR 100 BEST CORPORATE 45,000+ 48+3715 CITIZENS LIST DOW JONES SUSTAINABILITY RESTAURANTS NORTH AMERICA INDEX 97% FORBES AMERICA'S BEST FRANCHISED EMPLOYERS FOR DIVERSITY 18,000+ FORTUNE MAGAZINE WORLD’S RESTAURANTS MOST ADMIRED COMPANIES® IN EMERGING MARKETS HEALTHIEST 100™ WORKPLACES IN AMERICA FRANCHISE ISS ENVIRONMENTAL & 1.5+ SYSTEM $5.88 SOCIAL QUALITY SCORE MILLION EMPLOYEES BILLION 60,000 NEWSWEEK GREEN RANKINGS YUM! BRANDS 2017 TOTAL EMPLOYEES REVENUE 2017 GLOBAL CITIZENSHIP & SUSTAINABILITY REPORT 4 CITIZENSHIP > CEO MESSAGE MESSAGE FROM GREG CREED Our Recipe for Good As Yum! Brands grows KFC, Pizza Hut and Taco Bell around the world, People: We continue to believe in ALL people, from investing in programs we take our role as a global citizen and our impact on society and the that develop employee leaders to fostering a workplace that is inclusive. environment seriously. That’s why I’m pleased to share Yum! Brands’ In our communities, strategic partnerships help us advance our priorities 2017 Global Citizenship & Sustainability Report, which highlights our of hunger relief, literacy and youth education. progress fueling results and making the world better over the last two years. This period has been a transformative time for our company. “ Our Recipe for Good unites our In 2016, we spun off our China business into an independent, publicly employees, franchisees and suppliers traded company and announced our Recipe for Growth, our multi-year growth strategy to become more focused, more franchised and more on the priorities that matter and will efficient. In doing so, we reset our mission to build the world’s most loved, keep us focused on socially responsible trusted and fastest-growing restaurant brands, redefined our global growth growth, managing risks and serving more priorities and sharpened a shared set of values that inspire us to elevate our brands and business practices around the world. goodness to our customers, shareholders, communities and the planet.” In line with our Recipe for Growth, we created Yum! Brands’ Recipe for Good — our updated Global Citizenship & Sustainability Strategy and public commitments concerning our food, planet and people. I’m proud Yum!’s Recipe for Growth will deliver business results as our evolution of the progress we’re making, as well as our growing efforts to listen and continues. But a growing company is only part of who we aspire to be. engage more intently with our stakeholders on priority issues, such as: Our Recipe for Good unites our employees, franchisees and suppliers on the priorities that matter and will keep us focused on socially responsible Food: We're simplifying our ingredients in different ways, for example, growth, managing risks and serving more goodness to our customers, by removing artificial flavors,
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