Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
The retail sector is one of the major contributors to the world water crisis. According to the World Bank, the apparel and textile industry consumes a huge amount of water and is a major polluter of water at all stages of its value chain.
Yum! Brands, Inc. is a global quick-service restaurant company. The company develops, operates, franchises, and licenses a global system of both traditional and non-traditional quick-service restaurants. It operates restaurants under the brand name KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands.
In 2021, Yum Brands withdrew 2,435 thousand cubic meters of water, a decrease of 5% annually. Total water discharge was 2,070 thousand cubic meters of water by the company and 41.6% of which was discharged to groundwater. Total water consumption was 365 thousand cubic meters of water in 2021 by the quick-service restaurant.
Yum Brands aims to reduce water consumption by 10% by 2025 and the company has achieved 34% of its goal by 2021.
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