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Yum! Brands' Recipe for Good: 2017 Global Citizenship & Sustainability Report Showcases Company's Efforts to Serve Food People Trust, Grow Sustainably to Protect the Planet and Unlock Potential in People

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KFC, Pizza Hut and Taco Bell Parent Shares Progress on Public
Commitments; Defines Future Goals

Yum! Brands, Inc. (NYSE:YUM) today released its 2017 Global Citizenship
& Sustainability Report, citizenship.yum.com,
highlighting the company's progress in 2016 and 2017 and outlining
efforts by KFC, Pizza Hut and Taco Bell to make a meaningful impact in
three areas of strategic focus: Food, Planet and People.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180725005409/en/

Yum! Brands, Inc. today released its 2017 Global Citizenship & Sustainability Report highlighting th ...

Yum! Brands, Inc. today released its 2017 Global Citizenship & Sustainability Report highlighting the company's progress in 2016 and 2017 and outlining its Recipe for Good, which includes efforts by KFC, Pizza Hut and Taco Bell to make a meaningful impact in three areas of strategic focus: Food, Planet and People. (Graphic: Business Wire)

"As Yum! Brands grows KFC, Pizza Hut and Taco Bell around the world, we
take our role as a global citizen and our impact on society and the
environment seriously," said Greg Creed, CEO, Yum! Brands, Inc. "In line
with Yum! Brands' Recipe for Growth to become more focused, franchised
and efficient, we've created a Recipe for Good – our updated global
citizenship and sustainability strategy that outlines our public
commitments concerning food, planet and people. I'm proud of the
progress we're making, as well as our growing efforts to listen and
engage more intently with our stakeholders on priority issues that are
material to our business."

The content of the report reflects topics identified through Yum!
Brands' first companywide materiality assessment and progress against
its existing public commitments. The report is prepared according to
Global Reporting Initiative Standards, the most widely recognized
framework for sustainability reporting.

Also featured are success stories from the company's brands around the
world, each of which has contributed to progress in distinct ways:

  • KFC: As a brand that's Always Original, KFC is focused on
    ingredient sourcing that ranges from sustainable palm oil to
    purchasing chicken raised without antibiotics important to human
    medicine in its U.S. restaurants by the end of 2018. The brand has
    created a customized green building program for its restaurants and
    invests in its restaurant team members with various training and
    development programs as well as educational partnerships globally.
    Worldwide, KFC donated 3 million meals last year to more than 1,500
    charities through the Harvest program, and restaurants raised over $14
    million (USD) to benefit more than 35 charitable organizations that
    fight hunger and promote growth opportunities for youth.
  • Pizza Hut: Known for its iconic pizza innovation, Pizza Hut is
    redefining the modern pizza delivery experience. Pizza Hut offers a
    variety of crusts, sauces and customizable topping combinations
    including fresh vegetables, proteins and fruits and has eliminated
    partially hydrogenated oils from its global menu. In the U.S., the
    brand became the first national pizza restaurant to remove artificial
    flavors and colors from its core pizzas and WingStreet products, and
    it extended its commitment to serve chicken raised without antibiotics
    important to human medicine in its WingStreet wings by 2022. Through
    its global waste reduction efforts, Pizza Hut reached a significant
    milestone in 2017 – donating 100 million pounds of food over the years
    through the company's Harvest program. The brand also expanded its
    commitment to literacy in 2016, launching its signature platform,
    Pizza Hut: The Literacy Project, which in its first year impacted 15.9
    million people across Brazil, Canada, Costa Rica, South Africa and the
    U.S. through initiatives like the BOOK IT! Program and in-restaurant
    fundraising.
  • Taco Bell: As a brand that's in a Category of One, Taco Bell
    has been on a Food for All journey, creating a menu that offers the
    choices its consumers are asking for. For example: offering choices
    that are low calorie/fat, high protein and vegetarian; removing
    artificial flavors and colors, high fructose corn syrup and partially
    hydrogenated oils; reducing sodium; serving chicken raised without
    antibiotics important to human medicine in its U.S. restaurants; and
    serving 100 percent cage-free eggs across its menu in the U.S., among
    other things. The brand is also giving employees and customers the
    opportunities they need to turn their dreams into goals through its
    Live Más Scholarship, which provided $1 million to $2 million in
    funding per year for more than 400 students in 2016 and 2017.

Other highlights from Yum! Brands' 2017 Global Citizenship &
Sustainability Report include:

Food

  • Deploying a new global nutrition strategy that emphasizes simplified
    ingredients, transparency of ingredients, high-protein, lower-calorie,
    reduced sodium and other offerings that promote a balanced diet
  • Pursuing a goal of offering balanced meals by having 20 percent of
    meal options consistent with one-third of the Recommended Daily
    Allowance (RDA) or foreign equivalents by 2020; currently, nearly 50
    percent of restaurants have met this goal
  • Removed artificial flavors from 70 percent of food ingredients, with a
    goal of removing 100 percent by 2020*
  • Removed artificial colors from 78 percent of food ingredients, with a
    goal of removing 100 percent by 2020*
  • Removed partially hydrogenated oil from 97 percent of food
    ingredients, with a goal of removing 100 percent*
  • Conducted more than 230,000 restaurant food safety audits between 2015
    and 2017, and approximately 3,000 food safety supplier audits in 2017

*Key markets, excluding co-branded ingredients and beverages

Planet

  • Kept more than 750,000 metric tons of carbon dioxide out of the
    atmosphere in 2017, or the equivalent of taking 160,000 cars off the
    road for a year, through energy conservation, food waste donation and
    recycling efforts
  • Published Sustainable Animal Protein Principles and Good Antimicrobial
    Stewardship policy in 2017, set and achieved commitments to serve
    chicken raised without antibiotics important to human medicine in U.S.
    restaurants, and required suppliers globally to minimize use of
    antimicrobials important to human medicine and practice responsible,
    judicious use
  • Having a goal of sourcing 100 percent sustainable palm oil by 2018;
    currently sourcing 87 percent of cooking oil from sustainable palm oil
    or non-palm sources
  • Sourced 69 percent of global paper-based packaging and service
    products from either certified virgin or recycled sources in 2017,
    with a goal of 100 percent by 2020

People

  • Signed on to the CEO Action for Diversity & Inclusion™, the largest
    CEO-driven business commitment to advance diversity and inclusion
    within the workplace
  • Aligned with Paradigm for Parity®, a coalition of companies working to
    increase the number of women in senior operating roles
  • Donated 6.9 million pounds of food to feed people in need through the
    company's Harvest program in 2017
  • Supported the launch of brand-specific culture and leadership
    initiatives, including KFC's Leading with Heart program, Pizza Hut's
    Life Unboxed campaign and Taco Bell's Start With Us, Stay With Us
    platform

For more information and to view Yum! Brands' 2017 Global Citizenship &
Sustainability Report, visit citizenship.yum.com,
or join the experts at Yum! Brands on Tuesday, July 31, 2018 at 12pm ET
to discuss the #YumRecipeforGood in a Twitter Chat hosted by
@TriplePundit. Visit here
to for details.

Join the conversation at Facebook.com/yumbrands
and @yumbrands
on Twitter
using the hashtag #YumRecipeforGood.

Yum! Brands, Inc., based in Louisville, Kentucky, has over 45,000
restaurants in more than 135 countries and territories and is one of the
Aon Hewitt Top Companies for Leaders in North America. In 2018, Yum!
Brands was recognized as part of the inaugural Bloomberg Gender-Equality
Index and ranked among the top 100 Best Corporate Citizens by Corporate
Responsibility Magazine. In 2017, Yum! Brands was named to the Dow Jones
Sustainability North America Index. The company's restaurant brands –
KFC, Pizza Hut and Taco Bell – are global leaders of the chicken, pizza
and Mexican-style food categories. Worldwide, the Yum! Brands system
opens over seven new restaurants per day on average, making it a leader
in global retail development.

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