Potential offtaker

Yum! Brands, Inc.

www.yum.com

Estimated electricity consumption

N/A

Countries of production presence

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Yum! Brands, Inc. is a multinational fast food company headquartered in Louisville, Kentucky, United States. It operates and franchises a portfolio of brands, including KFC, Pizza Hut, and Taco Bell, with over 50,000 restaurants in more than 150 countries and territories. Yum! Brands is committed to sustainability and has set ambitious goals to reduce its environmental impact and promote decarbonisation.

One of Yum! Brands' key sustainability initiatives is its commitment to reducing its greenhouse gas emissions. The company has set a science-based target to reduce its greenhouse gas emissions by 46% by 2030, compared to a 2019 baseline. This target aligns with the goals of the Paris Agreement and the recommendations of the Intergovernmental Panel on Climate Change (IPCC).

To achieve this target, Yum! Brands is focusing on decarbonisation and energy efficiency across its operations. The company is investing in renewable energy, energy-efficient equipment, and sustainable building design to reduce its energy consumption and greenhouse gas emissions. Yum! Brands is also exploring new technologies and innovations to further reduce its environmental impact.

One of Yum! Brands' key strategies for reducing its carbon footprint is through corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term agreement between a company and a renewable energy provider to purchase a fixed amount of energy at a set price. By investing in renewable energy through PPAs, Yum! Brands is reducing its reliance on fossil fuels and supporting the growth of the renewable energy industry.

In 2020, Yum! Brands signed a virtual PPA for wind energy with Enel Green Power North America. Under the agreement, Yum! Brands will purchase 100 megawatts of wind energy annually from Enel's Azure Sky Wind project in Texas. This represents a significant step towards Yum! Brands' goal of sourcing 100% of its electricity from renewable sources by 2030.

Yum! Brands is also investing in corporate energy management to improve its energy efficiency and reduce its carbon footprint. The company has implemented a range of energy-saving measures across its restaurants, including LED lighting, energy-efficient HVAC systems, and smart thermostats. Yum! Brands is also piloting new technologies, such as solar panels and battery storage, to further reduce its energy consumption and greenhouse gas emissions.

In addition to its focus on decarbonisation and renewable energy, Yum! Brands is committed to sustainable sourcing and reducing waste. The company has set a goal to source 100% of its palm oil, paper, and packaging from sustainable sources by 2025. Yum! Brands is also working to reduce food waste across its operations, including through initiatives to donate surplus food to local charities and food banks.

Overall, Yum! Brands is a leader in sustainability within the fast food industry. The company's commitment to decarbonisation, renewable energy, and corporate energy management is setting a positive example for other companies to follow. By investing in sustainable practices, Yum! Brands is not only reducing its environmental impact but also creating long-term value for its stakeholders and contributing to a more sustainable future.