Yum! Raises $42.5 Million and Provides 170 Million Meals in Two Years
as Part of World Hunger Relief Effort This Fall
LOUISVILLE, Ky.--(BUSINESS WIRE)--
Yum! Brands (NYSE: YUM), parent of KFC, Pizza Hut and Taco Bell,
announced today the Company is on track to beat its five-year,
multi-million-dollar hunger relief commitment made at the Clinton Global
Initiative.
In just two years since Yum! Brands’ pledge at the Clinton Global
Initiative, the Company has: raised $42.5 million to help the United
Nations World Food Programme (WFP) and others provide 170 million meals
for hungry school children in developing countries; donated 11 million
hours of hunger relief volunteer service; donated $120 million worth of
its prepared food to hunger agencies in the United States; and generated
approximately $100 million worth of awareness of the hunger problem.
The funds have been raised through Yum! Brands’ annual World Hunger
Relief global effort that is kicking off soon in the U.S. and other
countries. World Hunger Relief is the world’s largest private sector
hunger relief effort, spanning 110 countries, 37,000 KFC, Pizza Hut,
Taco Bell, Long John Silver’s and A&W All-American Food restaurants and
more than 1 million employees. The campaign raises awareness,
volunteerism and funds for WFP and other hunger relief agencies.
“Yum! Brands is determined to be a leader in wiping out hunger,” said
David Novak, Chairman and CEO, Yum! Brands, Inc. “As the world’s largest
restaurant company, we are committed to raising even more awareness,
volunteerism and money to help the approximately 1 billion hungry people
around the globe. Today, more than ever, there is a need for companies
like ours to get involved and find a meaning solution to this critical
problem.”
At the Clinton Global Initiative in 2008, President Bill Clinton
announced the Company’s five-year commitment during a special Plenary
Session that made school meals a top priority in the fight to end global
hunger. Over a five–year span, the Company pledged to: raise and donate
at least $80 million to help WFP and others provide 200 million meals
for hungry school children in developing countries; donate 20 million
hours of hunger relief volunteer service in the communities in which it
operates; donate $200 million worth of its prepared food to hunger
agencies in the United States; and use the Company’s marketing clout to
generate awareness of the hunger problem, and convince others to become
part of the solution.
In the past three years, World Hunger Relief has raised nearly $60
million for WFP and other hunger relief organizations and is helping to
provide approximately 250 million meals for millions of people in remote
corners of the world. More than 1 million of the Company's employees,
franchisees and their families have volunteered more than 15 million
hours to aid hunger relief efforts in communities worldwide.
For more than ten years, the Company has also donated more than $60
million of prepared food annually to the underprivileged in the United
States. Since the Company went public in 1997, it has donated nearly
$550 million of its food to hunger relief agencies in the U.S.
Yum! Brands, Inc., based in Louisville, Ky., is the world’s largest
restaurant company in terms of system restaurants with more than 37,000
restaurants in more than 110 countries and territories. The company is
ranked #216 on the Fortune 500 List, with revenues of nearly $11 billion
in 2009. Four of the company’s restaurant brands – KFC, Pizza Hut, Taco
Bell and Long John Silver’s – are the global leaders of the chicken,
pizza, Mexican–style food categories and quick–service seafood
categories. A&W Restaurants is the longest running quick–service
franchise chain in America. Outside the United States, the Yum! Brands
system opened more than four new restaurants each day of the year,
making it a leader in international retail development. The Company has
consistently been recognized for its reward and recognition culture,
diversity leadership, community giving, and consistent shareholder
returns.
WFP is the world’s largest humanitarian agency fighting hunger
worldwide. Each year, on average, WFP feeds more than 90 million people
in more than 70 countries. For more information, visit www.wfp.org.
Established in 2005 by President Bill Clinton, the Clinton Global
Initiative (CGI) convenes global leaders to devise and implement
innovative solutions to some of the world’s most pressing challenges.
Since 2005, CGI Annual Meetings have brought together more than 125
current and former heads of state, 15 Nobel Peace Prize laureates,
hundreds of leading CEOs, heads of foundations, major philanthropists,
directors of the most effective nongovernmental organizations, and
prominent members of the media. These CGI members have made more than
1,700 commitments valued at $57 billion, which have already improved the
lives of 220 million people in more than 170 countries. The
2010 CGI Annual Meeting will take place from September 20-23, 2010, in
New York City. The CGI community also includes CGI University (CGI U), a
forum to engage college students in global citizenship,
MyCommitment.org, an online portal where anybody can make a Commitment
to Action, and CGI Lead, which engages a select group of young leaders
from business, government, and civil society. For more information,
visit www.clintonglobalinitiative.org.
Source: Yum! Brands, Inc.
Contact:
Yum! Brands, Inc.
Virginia Ferguson, 502-874-8200