Yum! Brands commits $100 million for equity initiatives

Yum! Brands commits $100 million for equity initiatives

Yum! Brands, which operates the restaurant brands KFC, Pizza Hut, Taco Bell, and the Habit Burger Grill, has announced a five-year, $100 million commitment to tackle inequality among employees, frontline restaurant teams, and communities worldwide.

Announced in a blog post by Yum! Brands CEO David Gibbs, investments will be made in the areas of equity and inclusion, education, and entrepreneurship, with a focus on increasing representation of Black and Latinx individuals, people of color, and women among the corporation's executive and management ranks, franchisees, and suppliers; boosting inclusive leadership and anti-racism training in the company and at franchises; and partnering with franchisees on implementing the Unlocking Opportunity Initiative and leveraging and expanding involvement in Yum!'s inclusion advisory group, ensuring diverse representation on leadership and account teams, and investing in entrepreneurship, education, and social justice in historically marginalized communities.

In the area of education, investments will focus on scholarship programs, leadership development programs, and education and skills training. Investments also will be made in initiatives aimed at creating pathways for restaurant employees interested in business leadership, owning a franchise, and social enterprise.

"The past few weeks have shown me the immediacy of the need to address inequality in the U.S., and I have been enlightened and humbled by conversations with many employees," wrote Gibbs. "They have opened my eyes to the resolve we will need in order to grow through our collective discomfort and arrive squarely on the side of history that uplifts Black communities and others in crisis along with everyone else."

(Photo credit: Yum! Brands, via Facebook)