NEWPORT BEACH, Calif., Feb. 23, 2022/PRNewswire/-Chipotle Mexican Grill NYSE: CMG) today announced its 2022 Environmental, Social and Governance (ESG)goals 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 for our executive leadership team, to make responsible business decision that Cultivate A Better World,” he stated. Laurie SchalowChipotle Chief Corporate Affairs & Safety Officer. “As a company employing over 3,000 employees and more than 3,000 restaurants, we are responsible for transparently sharing our progress and driving positive change.”
Food & Animals
Chipotle commits to increasing the number of organic, locally, and/or regenerably grown food it serves in its restaurants every 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. This goal excludes rice and beans due to external crop factors.
Chipotle, a longstanding supporter of farmers, is supporting the National Young Farmers Coalitionund its movement to advocate policy change in the 2023 Farm Bill. This would allow equitable access to up 1 million acres of land to the next generation of farmers.
To join the campaign, and make an impact on the 2023 Farm Bill’s implementation, guests can visit:Chipotle.com/Farmers. Your name will be added to the National Young Farmers Coalition’s advocacy for Congress to invest$2.5billion in young farmers’ access to up 1 million acres.
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. In October, it launched the Leadership Evolution and Development program (LEAD), which is designed to increase the capabilities of those who are identified as having potential to succeed in higher-ranking or more critical positions. 90% of restaurant management positions were internal promotions last year.
Environment
Chipotle plans to reduce its Scope 1 (GHG) emissions by 5% by 2022. The company announced its wider science-based targets last year in alignment with the Science Based Targets Initiative (SBTi). These targets were set to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by at least 5% by 2022. This will be announced in the company’s Sustainability Report update this spring.
CHIPOTLE
Chipotle Mexican Grill, Inc. CMGChipotle is committed to creating a better world through responsibly-sourced, delicious, and classically-cooked real food. As of December 31, 2021, Chipotle had more than 2,950 restaurants in the United States, Canada, and the United Kingdom. France GermanyChipotle is the only large restaurant company to own and operate all its restaurants. Chipotle is ranked in the Fortune 500. It is also recognized on the 2021 lists Forbes’ America’s Best Employers, and Fortune’s Most Admired companies. Chipotle has over 100,000 employees who are passionate about providing a great guest service. It is a longstanding leader in the food industry. Chipotle is committed in making its food more accessible for all while maintaining a strong brand identity that has a proven purpose. It leads the charge in digital, technology, and sustainable business practices. Visit www.chipotle.com for more information and to place an online order. WWW.CHIPOTLE.COM.
SOURCE Chipotle Mexican Grill, Inc.
