Papa Johns Announces ESG Measure for Incentive Compensation

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Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns”) today released its 2021 Corporate Responsibility Report, covering initiatives to advance environmental, social and governance (ESG) strategy of the company and the most important topics for the company and the stakeholders. Alongside this year’s report, Papa Johns announced that its corporate bonus plan now includes an ESG measure, making the company the first major U.S. pizza delivery chain to announce that its ESG priorities will be tied to compensation. incentive.

For 2022, the formula used to determine annual bonuses for eligible team members and executives will be linked to the advancement of certain ESG priorities that align with Papa Johns’ business purpose, values ​​and objectives. The ESG metric measures Papa Johns’ ongoing efforts to improve diversity, equity and inclusion, assess environmental impacts and opportunities, and reinforce Papa Johns’ commitment to better ingredients. Best Pizza.®

“As Papa Johns continues to grow, we remain focused on priorities that set us up for long-term success and create a positive impact on the world around us,” said Rob Lynch, President and CEO of Papa John’s. . “We are proud to be among the few companies in our industry to link incentive compensation to the achievement of ESG initiatives. Taking this step underscores the importance we place on corporate responsibility.

ESG priorities for 2022 were informed by Papa Johns’ materiality assessment and established in collaboration with Papa Johns’ management team, board and subject matter experts across the company. business.

Additional report highlights

People

  • Named #1 Pizza Company on the 2021 Forbes list of the World’s Best Employers and included on the 2021 Forbes list of Best Diversity Employers
  • Scored 100% on the Human Rights Campaign Foundation’s Corporate Equality Index for the second consecutive year
  • Launch of an Executive Inclusion Council to drive the company’s DEI strategy
  • Updated some benefits, including improving retirement savings programs and expanding parental leave to provide six weeks of paid leave for all new parents – including birth moms, dads, parents adoptive and foster parents

Pizza

  • Conducting annual food safety and quality audits at 100% of Quality Control Centers where Papa Johns Fresh Original Dough is made
  • Committed to moving to 100% eggs and egg ingredients exclusively from cage-free suppliers for Papa Johns exclusive menu items by 2030

Planet

  • Reduced food waste through the Papa Johns Harvest program, donating over 250,000 surplus meals to those in need
  • Diverted over 242,000 pounds of waste from landfills by recycling the company’s reusable dough trays
  • Environmental statement released that outlines Papa Johns priorities: sustainable management of packaging and materials, sustainable agriculture, food waste and greenhouse gas emissions

Community

  • Launched the Papa John’s Foundation Building Community Fund, a program for franchisees to apply for grants on behalf of local community organizations and has awarded nearly $1 million to more than 100 nonprofits in more than 40 communities.
  • Raised over $3 million for the Papa John’s Foundation for Building Community through the “Pizza with a Purpose” campaign
  • Provided over 30,000 pizzas to first responders and people affected by natural disasters

To view Papa John’s International, Inc.’s 2021 Corporate Social Responsibility Report and learn more about the company’s efforts, click here.

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