We want to protect the planet whenever and wherever we can. That is why we have put in company-wide initiatives to help reduce our impact on this great earth.
Red Robin is a company that cares; we strive to make the world a better place for our Team Members, our community, and our planet. We are undertaking a more formal and robust sustainability journey with meaningful goals to align with the industry standards provided by the Sustainability Accounting Standards Board (the "SASB"). We will continue to adapt our sustainability approach integrated with our North Star strategic priorities. In 2022, we published our first sustainability report.
Corporate Responsibility: Environmental, Social, and Governance (ESG)
ESG is reviewed at the stakeholder, Board and management levels:
Stakeholder: We believe it is imperative that our ESG strategy is part of and aligned with our Company vision and overall corporate strategy. We are incorporating ESG initiatives into our North Star strategy and updated long-range strategic planning. We have been engaging with our stakeholders to discuss the ESG topics most important to them and conducted a double materiality exercise that was completed in early 2023. We are evaluating meaningful metrics and targets for our ESG priority areas for the near term and the future.
Board: ESG is a board-level priority. The Board, acting directly and through its committees, is responsible for the oversight of Red Robin’s ESG strategy. The Nominating and Governance Committee generally oversees Red Robin’s ESG goals and objectives and supports implementation of the Company’s ESG priorities. However, the full board retains overall ESG oversight responsibility because we believe full board oversight is important to ensure ESG is part of, and aligned with, our overall Company strategy. Management regularly reports directly to the Nominating and Governance Committee and to the full board regarding key recommendations, progress, and outcomes related to implementation of our ESG strategy.
Management: Execution of Red Robin’s ESG strategy is overseen by our executive team. The Company’s ESG Committee, including senior leaders from our business and functional teams, are responsible for setting direction and driving accountability as we address priority issues, work with key stakeholders, and measure and report our progress.
At Red Robin, we want everyone to feel welcomed and supported. Through our grassroots fundraising for Red Robin Foundation, American Cancer Society and Denver Kids, we support the communities around us. We also support diversity within our Team Members by offering a Women’s Excellence program to support and inspire us all. We partner with the Women’s Foodservice Forum to help advance and support our female leaders. We’ve also created focus groups on social and economic inequality to create empathy and growth within our company.Giving Back