Restaurant Brands International : 2020 CDP Climate Change Questionnaire Responses

Restaurant Brands International - Climate Change 2021

C0. Introduction

C0.1

(C0.1) Give a general description and introduction to your organization.

Restaurant Brands International is one of the world's largest quick service restaurant companies with approximately $31 billion in system-wide sales and 27,000 restaurants in more than 100 countries and United States territories as of December 31, 2020. Restaurant Brands International owns three of the world's most prominent and iconic quick service restaurant brands - BURGER KING®, TIM HORTONS® and POPEYES®. Each of these independently operated brands have been serving their respective guests, restaurant owners and communities for decades.

Through our Restaurant Brands for Good initiatives, we demonstrate our commitment to acting responsibly and holding ourselves accountable for doing business the right way across our brands.

C0.2

(C0.2) State the start and end date of the year for which you are reporting data.

	Start date	End date	Indicate if you are providing emissions data for past reporting	Select the number of past reporting years you will be providing emissions data
			years	for
Reporting	January 1	December 31	No
year	2020	2020

C0.3

(C0.3) Select the countries/areas for which you will be supplying data.

Albania

Andorra

Antigua and Barbuda

Argentina

Armenia

Aruba

Australia

Austria

Azerbaijan

Bahamas

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Bolivia (Plurinational State of)

Brazil

Brunei Darussalam

Bulgaria

Cambodia

Canada

Cayman Islands

Chile

China

China, Hong Kong Special Administrative Region

Colombia

Costa Rica

Côte d'Ivoire

Croatia

Curaçao

Cyprus

Czechia

Denmark

Dominican Republic

Ecuador

Egypt

El Salvador

Estonia

Faroe Islands

Fiji

CDP

Page

1

of 27

Finland

France

Georgia

Germany Ghana Gibraltar Greece Guadeloupe Guam Guatemala Guyana Honduras Hungary India Indonesia Iraq Ireland Israel

Italy Jamaica Jordan Kazakhstan Kenya Kuwait Latvia Lebanon Luxembourg Malaysia Maldives Malta Martinique Mexico Mongolia Morocco Myanmar Netherlands New Caledonia New Zealand North Macedonia Norway

Oman Pakistan Panama Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Republic of Korea Réunion Romania Russian Federation Saint Kitts and Nevis Saudi Arabia Seychelles Singapore

Sint Maarten (Dutch part) Slovenia

South Africa Spain

Sri Lanka

State of Palestine Suriname Sweden Switzerland Taiwan, Greater China Thailand Timor-Leste Trinidad and Tobago Tunisia

Turkey

United Arab Emirates

United Kingdom of Great Britain and Northern Ireland United States of America

Uruguay

Venezuela (Bolivarian Republic of) Viet Nam

CDP

Page

2

of 27

C0.4

(C0.4) Select the currency used for all financial information disclosed throughout your response.

USD

C0.5

(C0.5) Select the option that describes the reporting boundary for which climate-related impacts on your business are being reported. Note that this option should align with your chosen approach for consolidating your GHG inventory.

Operational control

C1. Governance

C1.1

(C1.1) Is there board-level oversight of climate-related issues within your organization?

Yes

C1.1a

(C1.1a) Identify the position(s) (do not include any names) of the individual(s) on the board with responsibility for climate-related issues.

Position of	Please explain
individual(s)
Chief	Restaurant Brands International's (RBI) sustainability steering committee consists of our Chief Corporate Officer, our Chief Marketing Officers, and our Global Head of Supply Chain who are jointly
Executive	accountable for the sustainability framework and strategy, which includes measuring the company's global greenhouse gas footprint, setting emissions reduction targets, and executing abatement
Officer	plans to meet targets. The steering committee reports to our Chief Operating Officer and Chief Executive Officer, who provide oversight. Restaurant Brands International's Board of Directors oversees
(CEO)	the management of ESG topics and receives an update twice annually from the sustainability steering committee.
Other C-	Restaurant Brands International's (RBI) sustainability steering committee consists of our Chief Corporate Officer, our Chief Marketing Officers, and our Global Head of Supply Chain who are jointly
Suite Officer	accountable for the sustainability framework and strategy, which includes measuring the company's global greenhouse gas footprint, setting emissions reduction targets, and executing abatement
	plans to meet targets. The steering committee reports to our Chief Operating Officer and Chief Executive Officer, who provide oversight. Restaurant Brands International's Board of Directors oversees
	the management of ESG topics and receives an update twice annually from the sustainability steering committee.

C1.1b

(C1.1b) Provide further details on the board's oversight of climate-related issues.

Frequency with	Governance	Scope of	Please explain
which climate-	mechanisms into	board-
related issues	which climate-	level
are a scheduled	related issues are	oversight
agenda item	integrated
Scheduled -	Reviewing and	<>	Restaurant Brands International's (RBI) sustainability steering committee consists of our Chief Corporate Officer, our Chief Marketing Officers, and our Global
some meetings	guiding strategy	Applicabl	Head of Supply Chain who are jointly accountable for the sustainability framework and strategy, which includes measuring the company's global greenhouse
	Reviewing and	e>	gas footprint, setting emissions reduction targets, and executing abatement plans to meet targets. The steering committee reports to our Chief Operating Officer
	guiding major plans		and Chief Executive Officer, who provide oversight. Restaurant Brands International's Board of Directors oversees the management of ESG topics and receives
	of action		an update twice annually from the sustainability steering committee.
	Reviewing and
	guiding risk
	management policies
	Reviewing and
	guiding business
	plans
	Monitoring and
	overseeing progress
	against goals and
	targets for addressing
	climate-related issues

C1.2

CDP

Page

3

of 27

(C1.2) Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues.

Name of the position(s) and/or committee(s)	Reporting	Responsibility	Coverage of	Frequency of reporting to the board on climate-
	line		responsibility	related issues
Other C-Suite Officer, please specify (Chief Corporate	<>	Both assessing and managing climate-related risks and		More frequently than quarterly
Officer (CCO))	Applicable>	opportunities

C1.2a

(C1.2a) Describe where in the organizational structure this/these position(s) and/or committees lie, what their associated responsibilities are, and how climate- related issues are monitored (do not include the names of individuals).

Restaurant Brands International's (RBI) sustainability steering committee consists of our Chief Corporate Officer, our Chief Marketing Officers, and our Global Head of Supply Chain who are jointly accountable for the sustainability framework and strategy which includes measuring the company's global greenhouse gas footprint, setting emissions reduction targets, and executing abatement plans to meet targets. The steering committee reports to our Chief Operating Officer and Chief Executive Officer, who provide oversight. Restaurant Brands International's Board of Directors oversees the management of ESG topics and receives an update twice annually from the sustainability steering committee.

Managing sustainability is a division between corporate and brand-led initiatives. A corporate-level team tracks stakeholder expectations and trends, identifies sustainability initiatives to support the business strategy, and highlights best practice across the group. The team maintains regular contact with senior leadership, guiding them on long term social and environmental trends and the expectations of global stakeholders, engaging them to incorporate sustainability priorities as part of their business objectives. They also guide the company's sustainability reporting, and work with a number of other business lines to oversee the preparation of sustainability disclosures. Regional brand presidents work together with restaurant owners to inform the company-wide business plan, and to execute and market sustainability initiatives at the brand level.

The importance of sustainability at Restaurant Brands International is also reflected in metrics linked to annual employee performance incentives across our business, including individuals across each brand, supply chain, nutrition, quality assurance, and marketing and communications.

C1.3

(C1.3) Do you provide incentives for the management of climate-related issues, including the attainment of targets?

	Provide incentives for the	Comment
	management of climate-related
	issues
Row	Yes	The importance of sustainability at Restaurant Brands International is reflected in metrics linked to annual employee performance incentives across our business,
1		including individuals across each brand, supply chain, nutrition, quality assurance, and marketing and communications.

C1.3a

(C1.3a) Provide further details on the incentives provided for the management of climate-related issues (do not include the names of individuals).

Entitled to incentive	Type of	Activity inventivized	Comment
	incentive
Other, please specify	Monetary	Other (please specify)	The importance of sustainability at Restaurant Brands International is reflected in metrics linked to annual employee performance incentives
(Chief Corporate Officer)	reward	(Global emissions	across our business, including individuals across each brand, supply chain, nutrition, quality assurance, and marketing and communications.
		measurement)
Procurement manager	Monetary	Other (please specify)	The importance of sustainability at Restaurant Brands International is reflected in metrics linked to annual employee performance incentives
	reward	(Global emissions	across our business, including individuals across each brand, supply chain, nutrition, quality assurance, and marketing and communications
		measurement)
Environment/Sustainability	Monetary	Other (please specify)	The importance of sustainability at Restaurant Brands International is reflected in metrics linked to annual employee performance incentives
manager	reward	(Global emissions	across our business, including individuals across each brand, supply chain, nutrition, quality assurance, and marketing and communications
		measurement)

C2. Risks and opportunities

C2.1

(C2.1) Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities?

Yes

C2.1a

CDP

Page

4

of 27

(C2.1a) How does your organization define short-, medium- and long-term time horizons?

	From (years)	To (years)	Comment
Short-term	1	2
Medium-term	2	5
Long-term	5

C2.1b

(C2.1b) How does your organization define substantive financial or strategic impact on your business?

We undertake an Enterprise Risk Management assessment to identify substantive financial or strategic risks and mitigation strategies.

C2.2

(C2.2) Describe your process(es) for identifying, assessing and responding to climate-related risks and opportunities. Value chain stage(s) covered

Direct operations

Upstream

Risk management process

Integrated into multi-disciplinarycompany-wide risk management process

Frequency of assessment

More than once a year

Time horizon(s) covered

Short-term

Medium-term

Long-term

Description of process

Our company-wide Enterprise Risk Management assessment comprehensively evaluates risks to the business including those related to sustainability and climate change. The assessment captures input from internal subject matter experts as well as RBI leadership and is reviewed by RBI management semi-annually. The RBI Board's Audit Committee also has oversight over the ERM assessment and reviews sustainability-related risks and mitigation approach at least annually. One relevant risk is supply chain risk, for which there are additional processes to identify, assess, and respond to risk. Our procurement risk assessment evaluates risk level based on business exposure and supply complexity. Contingency plans are developed to focus on dual sourcing in areas with elevated risk, ensuring we are comfortable with the future outlooks of supply. Where acute risks such as wildfires, flooding or extreme storms are present, suppliers are expected to shift supply as needed. To manage chronic risks such as temperature patterns, drought and precipitation patterns, these risks are usually captured in pricing expectations therefore shifting to more competitive areas is expected as needed. We are assessing TCFD reporting to provide additional climate-related disclosures as we develop our climate action strategy.

C2.2a

(C2.2a) Which risk types are considered in your organization's climate-related risk assessments?

	Relevance	Please explain
	& inclusion
Current	Relevant,	Assessed regularly by our Government Affairs, Sustainability, and Supply Chain teams
regulation	always
	included
Emerging	Relevant,	Assessed regularly by our Government Affairs, Sustainability, and Supply Chain teams
regulation	always
	included
Technology	Not	Not a regular focus for risk management approach for climate, but technology solutions are evaluated and pursued in both restaurant sustainability and supply chain sustainability
	evaluated	programs.
Legal	Relevant,	Legal compliance assessed regularly across local laws.
	always
	included
Market	Relevant,	We regularly assess fluctuations in commodity markets in partnership with suppliers across different geographies. In addition, our Guest Insights and Culinary Innovation teams regularly
	always	review consumer research to understand changing consumer preferences related to our menu and product offerings, which may be driven by environmental considerations.
	included
Reputation	Relevant,	Climate action is a focus area of our sustainability framework, developed to address expectations of guests and other external stakeholders. Risk to reputation as it relates to
	always	sustainability is regularly evaluated as part of our reviews of guest insights and external stakeholder inquiries.
	included
Acute	Relevant,	The impact of specific events with acute physical risk (eg. hurricanes or other natural disasters) are included in our procurement risk assessment approach in partnership with suppliers
physical	always	across different geographies.
	included
Chronic	Relevant,	The impact of chronic physical risks (eg. Changes in temperature or water access) are included in our procurement risk assessment approach in partnership with suppliers across different
physical	always	geographies.
	included

C2.3

CDP

Page

5

of 27