Brand achieves its 2021 goals, and continues to drive progress towards greater emission reduction and DEI
Newport Beach, CA (RestaurantNews.com) Chipotle Mexican GrillCMG (NYSE: CMG), today announced its 2022 Environmental, Social and Governance goals that are tied to executive compensation. The objectives, which are categorized by Food & Animals, People, and the Environment, can positively or negatively impact the officers’ 2022 annual incentive bonus by up to 15% based on the company’s achievement of these goals.
“Chipotle’s ESG goals are designed to motivate our executive leadership team to make responsible business decisions that Cultivate A Better World,” said Laurie Schalow, Chief Corporate Affairs & Food Safety Officer, Chipotle. “As a company with over 3,000 restaurants and nearly 100,000 employees, we have a responsibility to transparently share our progress and drive positive change.”
Food & Animals
Chipotle is committed increasing the number of pounds of organic, local and/or regeneratively raised food used in its restaurants each year. Chipotle plans to purchase at most 57 million pounds organic, transitional, and/or locally-grown ingredients in 2022, an increase of the 55 million it bought in 2021. Due to external crop factors, rice and beans are not included in this goal.
Chipotle, a longstanding advocate for farmers, is supporting the National Young Farmers CoalitionIts movement to advocate for policy changes in the 2023 Farm Bill to facilitate equitable access to as much as one million acres of land for the next generation.
To join the campaign, and make an impact on the 2023 Farm Bill’s implementation, guests can visit: Chipotle.com/Farmers. Adding your name will help the National Young Farmers Coalition advocate for Congress to invest $2.5 billion toward securing access to up to one million acres for young farmers.
People
Chipotle has always placed employee development as a top priority. Chipotle intends to increase diversity in its internal pipeline for candidates for all promotions into salaried support center positions and Field managers positions, such as Field Leaders and Team Directors, and Regional Vice-Presidents. Chipotle aims to increase diversity in its internal pipeline, which currently has a 60% rate for all promotions into these positions.
Chipotle reached its goals of maintaining racial/gender equity in pay and implemented a program to increase the development of diverse staff members. Chipotle performed a pay equity assessment by an independent third-party and also implemented a robust crew compensation strategy to ensure fair and consistent pay decisions across the organization. It also launched the Leadership Evolution and Development Program (LEAD) in October. This program is designed to give future leaders and critical role-holders additional capabilities. 90% of restaurant managers were promoted last year.
Environment
Chipotle will reduce its Scope 1 & 2 greenhouse gas (GHGs) emissions by at minimum 5% in 2022. The company announced its wider science-based targets last year in alignment with the Science Based Targets Initiative (SBTi). These targets are to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, starting from a base year of 2019. SBTi has classified the approved targets as being in line to a long-term global warming trajectory of 1.5C. Chipotle’s 2021 Scope 1, 2 and 3 GHG emissions will be announced in the company’s Sustainability Report update this spring.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE : CMG) strives to create a better world through responsibly sourced, well-prepared, delicious, and healthy food. Chipotle, which had more than 2,950 restaurants in the United States, Canada and the United Kingdom as of December 31, 2021 was the largest restaurant company of its size and owns and operates all of its restaurants. Chipotle is ranked on the Fortune 500 and is recognized on the 2021 lists for Forbes’ America’s Best Employers and Fortune’s Most Admired Companies. Chipotle, with nearly 100,000 employees who are passionate about providing great guest experiences, is a long-standing leader and innovator in food industry. Chipotle is committed in making its food more accessible for all while maintaining a strong brand identity that is rooted in sustainable business practices, technology, and digital innovation. Visit www.chipotle.com for more information and to place an online order. www.Chipotle.com.
Contact:
Erin Wolford
949-524-4035
[email protected]
