KRISPY KREME® Publishes First-Ever ‘Be Sweet’ Responsibility Report

Data-based report highlights Company’s progress and goals in driving positive impact

For Krispy Kreme, Inc. (NASDAQ: DNUT), it takes more than iconic doughnuts to “Be Sweet.” It takes an ongoing commitment to drive positive impact.

To provide an update on the Company’s commitment, Krispy Kreme today published its inaugural Be Sweet Responsibility Report, a detailed, data-driven analysis of the brand’s progress and future goals tied to three key pillars of responsibility: Loving Our Krispy Kremers, Loving Our Communities, and Loving Our Planet.

“As we aspire to be the world’s most loved sweet treat brand, we take seriously our responsibility to drive positive impact, and none of our accomplishments are possible without our amazing team members, who are the heartbeat of our company,” said CEO Mike Tattersfield. “For everyone at Krispy Kreme, being sweet is an ongoing mission, and we’ll keep striving to make a positive difference in the long-term.”

Added Krispy Kreme’s Josh Charlesworth, who will transition to President and CEO on January 1, 2024, “This report reflects our focus and commitment to driving progress in the areas that matter most to our team members, consumers, customers, and everyone engaged with the world’s most loved sweet treat. We are putting a firm stake in the ground on our commitment to Be Sweet in every element of our operations, in the communities we serve, and for the planet.”

Krispy Kreme’s Be Sweet responsibility strategy was developed after a comprehensive materiality assessment that included input from more than 60 internal and external stakeholders to identify the most critical risk areas and opportunities for the brand. This work resulted in the identification of 27 material topics, from which ten emerged as top priorities. Ultimately, these priorities were consolidated into the three key focus areas outlined in the report:

• In support of Loving Our Krispy Kremers, leadership focused on increasing diversity and promoting belonging throughout Krispy Kreme. As a result, the brand saw a strong 73% “belonging” score in its 2022 Krispy Kremer engagement survey and validated key strengths regarding acceptance and equal opportunity, among others. The report also identifies significant diversity among team members and corporate employees. Krispy Kreme has established a global goal to achieve gender parity by the end of 2025.

• When it comes to Loving Our Communities, the report highlights team members’ participation in thousands of Acts of Joy, volunteering, and participating in local community events across the globe. Additionally, Krispy Kreme fundraising initiatives helped community groups raise $40 million globally and supported more than 83,000 events in the U.S. alone in 2022.

• As part of Krispy Kreme’s ongoing commitment to Loving Our Planet, the Company began to measure its energy footprint and carbon emissions in order to chart a path for reducing greenhouse gas emissions. Additionally, the Company established 2025 goals to divert 50% of food waste from landfills and to achieve 80% recyclable or compostable packaging.

For additional information, please review the full Be Sweet Responsibility Report.

About Krispy Kreme

Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in more than 35 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing Ecommerce and delivery business with more than 13,000 fresh points of access. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities, and the planet. Connect with Krispy Kreme Doughnuts at www.KrispyKreme.com, or on one of its many social media channels, including www.Facebook.com/KrispyKreme and www.Twitter.com/KrispyKreme.

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Liv Weller [e-mail]