Chipotle will link executive compensation to environmental and diversity goals

Chipotle将把高管薪酬与环境和多样性目标联系起来

2021/03/04 00:00  Amelia Lucas

Brian Niccol, CEO of Chipotle Mexican GrillAdam Jeffery | CNBC

Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company's environmental and diversity goals.

The burrito chain is following in the footsteps of Starbucks and McDonald's, both of which recently announced that performance for racial and gender diversity goals will impact executive compensation plans. Individual investors and large asset managers like BlackRock are increasingly picking stocks with strong environmental, social and corporate governance in mind, pushing companies to make changes to become a more attractive investment.

"I think the increased focus on performance around ESG and investor feedback was definitely behind our decision to go public with this," said Laurie Schalow, who oversees sustainability and ESG reporting for Chipotle in her role as corporate affairs chief and food safety officer.

Starting this year, 10% of Chipotle executives' annual incentives will be tied to their progress toward achieving company goals.

"It's very important for us to be transparent and to be held accountable. We can say a lot of words, but we want to make sure that we have the actions to back it up," Schalow said.

Those targets include increasing the pounds of organic, local or regeneratively grown or raised food from the previous year. Last year, Chipotle hit 31 million pounds of local produce under this umbrella, and it has set a goal of 37 million pounds by the end of 2021.

The company plans to publish its carbon footprint, including all indirect emissions along its value chain, by the end of the year, faster than its prior expected publication date of 2025. Schalow said the company will announce new sustainability goals stemming from those learnings when the report is released.

Chipotle is also seeking to maintain racial and gender pay equity and promote more women and people of color above the restaurant level. It has created a training academy with online courses that teach a wide range of skills, from conflict resolution to setting goals, with the aim of helping employees of all backgrounds climb the corporate ladder. The company employed nearly 88,000 people, as of Dec. 31.

Shares of Chipotle have risen 91% in the last 12 months, giving it a market value of $39.6 billion.VIDEO4:3204:32Chipotle CEO believes digital growth will continue even after pandemicClosing Bell

布赖恩·尼科尔,Chipotle墨西哥烧烤公司首席执行官亚当·杰弗里|CNBC

Chipotle墨西哥烧烤公司周四表示,高管薪酬现在将与实现与公司环境和多样性目标相关的目标挂钩。

这家墨西哥玉米煎饼连锁店正在追随星巴克(Starbucks)和麦当劳(McDonald‘s)的脚步,这两家公司最近都宣布,种族和性别多元化目标的表现将影响高管薪酬计划。个人投资者和贝莱德(BlackRock)等大型资产管理公司越来越多地选择考虑到强有力的环境、社会和公司治理的股票,推动公司做出改变,成为更具吸引力的投资。

作为公司事务主管和食品安全官,负责Chipotle可持续性和ESG报告的劳里·沙洛(Laurie Schalow)表示:“我认为,对ESG业绩和投资者反馈的日益关注,绝对是我们决定公开此事的背后原因。”

从今年开始,Chipotle高管年度奖励的10%将与他们在实现公司目标方面的进展挂钩。

沙洛说:“对我们来说,保持透明和被追究责任非常重要。我们可以说很多话,但我们希望确保我们有行动来支持这一点。”

这些目标包括增加有机、当地或再生种植或饲养的食品的重量,比前一年增加一磅。去年,Chipotle在这一保护伞下达到了3100万磅的当地农产品,并制定了到2021年底达到3700万磅的目标。

该公司计划在今年年底前公布其碳足迹,包括其价值链上的所有间接排放,比之前预期的2025年公布日期更快。沙洛说,公司将在报告发布时宣布新的可持续发展目标,这些目标源于这些学习。

Chipotle还在寻求维护种族和性别薪酬公平,并提拔更多女性和有色人种在餐厅级别以上。它创建了一所培训学院,开设在线课程,教授从解决冲突到设定目标的各种技能,目的是帮助各种背景的员工在公司阶梯上晋升。截至12月31日,该公司雇佣了近8.8万名员工。

Chipotle的股价在过去12个月里上涨了91%,市值达到396亿美元。VIDEO4:3204:32Chipotle CEO认为,即使在大混乱关闭钟声之后,数字增长仍将继续

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