Slide 1: Stand For Something Good 2023 Summary
STAND FOR SOMETHING GOOD ® 2023 SUMMARY
Slide 2: Letter from our CEO
Shake Shack INTRODUCTION Letter from our CEO Stand For Something Good 2023 Summary 2 LETTER FROM OUR CEO When Shake Shack opened in 2004, the goal was simply While we’re proud of how far we’ve come, we acknowledge to support our community in Madison Square Park and there’s more work ahead. We are de
Slide 3: Table of Contents
Shake Shack TABLE OF CONTENTS Stand For Something Good 2023 Summary 3 We Stand For Something Good in everything we do. That means INTRODUCTION 1 sourcing premium ingredients from partners with the same dedication 2 Letter from the CEO 3 Business Snapshot 4 Awards & Recognition to quality; thoughtful
Slide 4: Awards & Recognition
Shake Shack INTRODUCTION Awards & Recognition Stand For Something Good 2023 Summary 4 AWARDS & RECOGNITION Since 2004, Shake Shack has become a globally recognized brand with significant consumer awareness relative to our current footprint of over 518 Shacks system wide. With Enlightened Hospitality
Slide 5: Sustainability
Shake Shack SECTION ONE Stand For Something Good 2023 Summary 5 SUSTAINABILITY
Slide 6: United Nations Sustainable Development Goals
Shake Shack SUSTAINABILITY Aligning with the U.N. Sustainable Development Goals Stand For Something Good 2023 Summary 6 UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS Zero Hunger Contribute to efforts to end hunger, achieve food security, Shake Shack supports the United Nations (U.N.) Sustainable Deve
Slide 7: Emissions Reporting
Shake Shack SUSTAINABILITY Emissions Reporting Stand For Something Good 2023 Summary 7 2023 EMISSIONS (MT CO2e)1 EMISSIONS REPORTING 14,214 Scope 1 We calculate our emissions using utility and 19,937 invoice data for all US corporate sites and restaurants. For locations with missing data, we use a t
Slide 8: Energy Initiatives
Shake Shack SUSTAINABILITY Energy Initiatives Stand For Something Good 2023 Summary 8 ENERGY INITIATIVES Using renewable energy reduces greenhouse gas emissions. At Shake Shack, we’re actively developing our renewable energy strategy by identifying locations for on-site renewable projects. Currently
Slide 9: Waste Diversion
Shake Shack SUSTAINABILITY Waste Diversion Stand For Something Good 2023 Summary 9 WASTE DIVERSION Waste Management Minimizing Food Waste Shake Shack has strategically centralized waste management services under a national portfolio with Waste Management2 to enhance data 6.6M LBs reduction of CO2e a
Slide 10: Waste Diversion: Minimizing Food Waste
Shake Shack SUSTAINABILITY Waste Diversion Stand For Something Good 2023 Summary 10 WASTE DIVERSION Scraps from the West Village Shack's prep process, including lettuce, are placed in the Mill to be recycled. Minimizing Food Waste To revolutionize our approach to food waste management, we’ve teamed
Slide 11: Sustainable Packaging
Shake Shack SUSTAINABILITY Sustainable Packaging Stand For Something Good 2023 Summary 11 SUSTAINABLE PACKAGING Cutlery Opt-In Feature Starting in 2023, we expanded our opt-in feature for plastic cutlery and condiments for online and mobile orders across all Shacks. These items are no longer automat
Slide 12: Sustainable Partnerships: Neutral Milk
Shake Shack SUSTAINABILITY Pioneering Sustainable Partnerships: Neutral Milk Stand For Something Good 2023 Summary 12 SUSTAINABLE PARTNERSHIPS Neutral Milk In 2023, Shake Shack began partnering with Neutral neutrality, Neutral invests in carbon offsets from Foods, the first certified carbon neutral
Slide 13: Sustainable Partnerships: Zero Acre Oil
Shake Shack SUSTAINABILITY Pioneering Sustainable Partnerships: Zero Acre Oil Stand For Something Good 2023 Summary 13 SUSTAINABLE PARTNERSHIPS Zero Acre Oil From September to December 2023, Shake Shack conducted a pilot program introducing Zero Acre oil for frying at two New York City locations: Hu
Slide 14: Our Menu
Shake Shack SECTION THREE Stand For Something Good 2023 Summary 14 OUR MENU
Slide 15: Core Menu Items
Shake Shack FOOD Core Menu Items Stand For Something Good 2023 Summary 15 CORE MENU ITEMS BEEF FLAT-TOP DOGS We are committed to sourcing only the highest quality • No added hormones, ever • No added hormones, ever ingredients from partners who share our dedication • No antibiotics, ever • No antibi
Slide 16: Commitment to Food Safety & Quality
Shake Shack FOOD Commitment to Food Safety & Quality Stand For Something Good 2023 Summary 16 COMMITMENT TO At Shake Shack, our dedication to food safety and quality is at the core of everything we do. We follow industry-leading standards from auditing suppliers’ farms and facilities to establishing
Slide 17: Animal Welfare
Shake Shack FOOD Animal Welfare Stand For Something Good 2023 Summary 17 ANIMAL WELFARE We work closely with our We stand firmly behind the farmers, ranchers, bakers, food purveyors, and animal welfare Five Freedoms of each species, experts to achieve ethical and a comprehensive framework humane pra
Slide 18: Animal Welfare: Chicken, Beef, Pork
Shake Shack FOOD Animal Welfare Stand For Something Good 2023 Summary 18 CHICKEN We require a cage-free environment from our suppliers. Farmers and ranchers must also provide a clean and enriched environment that allows the chickens to turn around and flap their wings. We acknowledge that there are
Slide 19: Animal Welfare: Eggs, Dairy
Shake Shack FOOD Animal Welfare Stand For Something Good 2023 Summary 19 EGGS In 2016, we successfully achieved our goal of converting all products that contain eggs as an ingredient to using only cage-free eggs in our domestic Company-operated Shacks. We are currently sourcing 100% cage-free eggs f
Slide 20: Selective Sourcing: Local Harvest Beef
Shake Shack FOOD Selective Sourcing: Local Harvest Beef Stand For Something Good 2023 Summary 20 SELECTIVE SOURCING: We purchased around 625K pounds of beef from the Meyer Natural Foods Humanely Handled Program, Local Harvest, in 2023, LOCAL HARVEST BEEF accounting for almost 8% of our beef supply i
Slide 21: Selective Sourcing: Produce Supply Chain
Shake Shack FOOD Selective Sourcing: Produce Stand For Something Good 2023 Summary 21 SELECTIVE SOURCING: UNITED PICKLE PRODUCE SUPPLY CHAIN NEW YORK In 2023, United Pickle sourced over 2M pounds of raw cherry Shake Shack kitchens are filled with fresh produce, including lettuce, onions, tomatoes, a
Slide 22: Selective Sourcing: South Mill Champs
Shake Shack FOOD Selective Sourcing: South Mill Champs Mushrooms Stand For Something Good 2023 Summary 22 SELECTIVE SOURCING: SOUTH MILL CHAMPS ’Shroom Burger One of Shake Shack’s most unique menu items, the ’Shroom Burger, features a crisp, fried portobello mushroom stuffed with cheeses. And it all
Slide 23: People
Shake Shack SECTION FOUR Stand For Something Good 2023 Summary 23 PEOPLE
Slide 24: Our Shack Pact
Shake Shack PEOPLE Our Shack Pact Stand For Something Good 2023 Summary 24 OUR SHACK PACT Shack Pact Our Shack Pact is the set of core values that serve as a compass for decision-making and a guide for how each of our 12,000+ team members should show up daily. From our executives to our front-line t
Slide 25: Recruiting a Winning Team
Shake Shack PEOPLE Recruiting a Winning Team Stand For Something Good 2023 Summary 25 RECRUITING A WINNING TEAM Recruiting Hourly team members engage in at least two Recruiting, rewarding, and retaining top talent is a weeks of structured training so they can learn and top priority. We want to hire
Slide 26: Rewarding Our Team
Shake Shack PEOPLE Rewarding Our Team Stand For Something Good 2023 Summary 26 REWARDING OUR TEAM We provide comprehensive benefits to support our team • Equity-based compensation for all General Managers to members’ and their families’ health and well-being. reward top perfromance and give them the
Slide 27: Developing Future Leaders
Shake Shack PEOPLE Developing Future Leaders Stand For Something Good 2023 Summary 27 DEVELOPING FUTURE LEADERS We need high-performing teams to help us scale, and our development programs build the talent pipeline to “My Area Director nominated me for Shift Up. I was very nervous at first, help us
Slide 28: Retaining Top Talent
Shake Shack PEOPLE Retainng Top Talent Stand For Something Good 2023 Summary 28 RETAINING TOP TALENT Training Modules Other Learning Opportunities Everyone at Shake Shack plays a part in shaping Through our Workday Learning platform, our A Culture of Inclusion our inclusive and welcoming workplace c
Slide 29: Diversity as a Business Imperative
Shake Shack PEOPLE Diversity as a Business Imperative Stand For Something Good 2023 Summary 29 DIVERSITY AS A BUSINESS IMPERATIVE At Shake Shack, we’re all about embracing the different views, experiences, and backgrounds By 2025, we are targeting 50% of Shack Leadership and 30% of Home Office Leade
Slide 30: Our Employee Resource Groups
Shake Shack PEOPLE Our Employee Resource Groups Stand For Something Good 2023 Summary 30 Employee OUR EMPLOYEE RESOURCE GROUPS Resource Shake Shack’s ERGs are all about fostering a culture of respect, inclusion, Groups AARCH and belonging. Led by volunteers and sponsored by our executive team, these
Slide 31: A Warm Community Gathering Place
Shake Shack PEOPLE Engaging the Community Stand For Something Good 2023 Summary 31 A WARM COMMUNITY Our Shacks are so much more than a place to get burgers, fries, and shakes; they’re places for the community to safely gather. We place a high premium on connecting with our communities whether throug
Slide 32: Corporate Governance
Shake Shack SECTION FIVE Stand For Something Good 2023 Summary 32 CORPORATE GOVERNANCE
Slide 33: Corporate Policies & Charters
Shake Shack CORPORATE GOVERNANCE Corporate Policies & Charters Stand For Something Good 2023 Summary 33 CORPORATE POLICIES & CHARTERS We are committed to the ethical operation of our day-to-day business and maintaining our principles as we continue to grow. Our leadership undertakes decision-making
Slide 34: Our Code of Business Conduct & Ethics
Shake Shack CORPORATE GOVERNANCE Business Conduct & Ethics Stand For Something Good 2023 Summary 34 OUR CODE OF BUSINESS CONDUCT & ETHICS Our Code of Business Conduct and Ethics provides a guide to our legal and ethical requirements for our team members and Board of Directors. It includes the princi
Slide 35: Board of Directors & Board Committees
Shake Shack CORPORATE GOVERNANCE Board of Directors & Board Committees Stand For Something Good 2023 Summary 35 NOMINATING & CORPORATE BOARD OF DIRECTORS GOVERNANCE COMMITTEE Makes recommendations to the Board regarding governance matters, The Board of Directors ensures the Company’s business is con
Slide 36: Board of Directors
Shake Shack CORPORATE GOVERNANCE Board of Directors Stand For Something Good 2023 Summary 36 BOARD OF DIRECTORS Our Board consists of a diverse group of highly qualified leaders with senior leadership experience at large domestic or multinational companies. They have in-depth public company experien
Slide 37: Our Board of Directors
Shake Shack CORPORATE GOVERNANCE Our Board of Directors Stand For Something Good 2023 Summary 37 OUR BOARD OF DIRECTORS • Our Board will undergo a number of changes that will be • Our Board is diverse in terms of gender, race, and ethnicity; effective prior to our 2024 Annual Meeting: currently four
Slide 38: Role of Our Lead Independent Director
Shake Shack CORPORATE GOVERNANCE Role of Our Lead Independent Director Stand For Something Good 2023 Summary 38 ROLE OF OUR LEAD INDEPENDENT DIRECTOR Our Lead Independent Director is responsible for: • Presiding at all meetings of nonmanagement directors when they meet in executive session. • Settin
Slide 39: Executive Compensation Strategies
Shake Shack CORPORATE GOVERNANCE Executive Compensation Strategies Stand For Something Good 2023 Summary 39 EXECUTIVE COMPENSATION STRATEGIES The objective of our executive compensation program is to attract, retain, and motivate individuals who share our dedication to our community and are committe
Slide 40: Executive Compensation Strategies
Shake Shack CORPORATE GOVERNANCE Executive Compensation Strategies Stand For Something Good 2023 Summary 40 EXECUTIVE COMPENSATION STRATEGIES The compensation arrangements for each of our NEOs are intended to encourage performance and growth and to align the NEOs’ interests with those of our shareho
Slide 41: Data Privacy & Information Security
Shake Shack CORPORATE GOVERNANCE Data Privacy & Information Security Stand For Something Good 2023 Summary 41 DATA PRIVACY & INFORMATION SECURITY Governance & Oversight Controls, Policies & Education Our Board considers cybersecurity risk as part of its risk Shake Shack is committed to implementing
Slide 42: Forward-Looking Statements
Shake Shack CORPORATE GOVERNANCE Forward-Looking Statements Stand For Something Good 2023 Summary 42 FORWARD-LOOKING STATEMENTS guarantees of future performance or commitments. The Company undertakes no obligation to publicly update any of the statements in this Summary, except as required by law. T
Slide 43: Stand For Something Good 2023 Summary
STAND FOR SOMETHING GOOD ® 2023 SUMMARY