May 4, 2022
Papa Johns' corporate incentive bonus plan will include an environmental, social and governance (ESG) metric, making the company the first major U.S. pizza delivery chain to announce that its ESG priorities will be linked with incentive compensation, according to a press release.
For 2022, the formula used to determine eligible team members' and executives' annual bonuses will be tied to advancing certain ESG priorities that align with Papa Johns purpose, values and business objectives. The ESG metric measures Papa Johns' ongoing efforts to enhance diversity, equity and inclusion, assess environmental impacts and opportunities and further Papa Johns' commitment to "Better Ingredients. Better 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," Rob Lynch, president and CEO of Papa John's International, said in the release. "We are proud to be among the few companies in our industry linking incentive compensation with achieving ESG initiatives. Taking this step emphasizes the importance we have placed on corporate responsibility."
Papa Johns operates more than 5,600 restaurants in 50 countries and territories.