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Restaurant Brands International 8-K Report, Regulation FD Disclosure (Apr 28, 2025)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed April 28, 2025
Period End
April 28, 2025
Security
QSR
In the record · 2016–202610-K1110-Q338-K143

QSR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 143 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’17Oct ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Material agreement8-K · Jun ’24Jun ’24

01—Abstract

Summary

Summary of the 8-K filed April 28, 2025. Cited figures are marked; the original filing is the authoritative source.

Restaurant Brands International Inc. (NYSE/TSX: QSR) furnished this Form 8-K under Item 7.01 (Regulation FD) on April 28, 2025, to provide its 2024 Restaurant Brands for Good report as Exhibit 99.1.

The filing contains no financial results, guidance, or transaction disclosures; it is a sustainability and corporate responsibility report covering the Food, Planet, and People & Communities pillars across its four brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs. The report states that RBI operates more than 32,000 restaurants in over 120 countries and territories, with nearly $45 billiona in annual system-wide sales. Key environmental disclosures include total Scope 1, 2, and 3 emissions of 28,888,230 MtCO2e in 2024 versus 30,091,467 MtCO2e in 2022 (a 4.0% decrease, as stated), with Scope 1 emissions rising 27% excluding the Carrols acquisition, which the report attributes to more corporate-owned restaurants.

The report also notes RBI agreed in early 2024 to temporarily acquire 1,082 U.S. Burger King franchises from Carrols Restaurant Group, which it plans to largely refranchise. Progress on animal welfare commitments is mixed: U.S. cage-free egg compliance reached 23%b as of March 2025, and sow housing compliance reached 80% globally. For investors, the report is largely non-financial.

It sets 2030 SBTi-aligned targets, including a 50% reduction in absolute Scope 1 and 2 emissions and a 50% reduction in Scope 3 emissions intensity versus a 2019 baseline, and notes RBI intends to update that baseline to 2022. The report also highlights the company's Dow Jones Sustainability North America Index Best-in-Class recognition for a third consecutive year and charitable giving figures such as more than $11 millionc from the Firehouse Subs Public Safety Foundation.

02—Key points

Key Highlights

  1. Filed under Item 7.01 (Regulation FD) as Exhibit 99.1, the 2024 Restaurant Brands for Good sustainability report; the 8-K contains no financial results or guidance.
  2. Total market-based GHG emissions were 28,888,230 MtCO2e in 2024 versus 30,091,467 MtCO2e in 2022, a 4.0% decrease, with Scope 1 up 27% excluding Carrols restaurants.
  3. RBI agreed in early 2024 to temporarily acquire 1,082 U.S. Burger King franchises in 23 states from Carrols Restaurant Group, which it plans to largely refranchise; these restaurants are excluded from the core emissions comparison.
  4. Named to the Dow Jones Sustainability North America Index – Best-in-Class for the third consecutive year.
  5. Cage-free egg compliance reached 11% in North America at end-2024 (7% Canada, 17% U.S.) and 23% in the U.S. as of March 2025; global sow housing compliance reached 80% as of March 2025.
  6. Targets include reducing absolute Scope 1 and 2 emissions by 50% and Scope 3 emissions intensity by 50% by 2030 versus a 2019 baseline, with RBI intending to update the SBTi baseline to 2022.
  7. Community giving included more than $11 million from the Firehouse Subs Public Safety Foundation and more than C$44 million raised through Tim Hortons charitable campaigns.

03—Questions

Frequently Asked Questions

  1. Does this 8-K include any financial results or guidance?

    No. The filing furnishes the 2024 Restaurant Brands for Good sustainability report under Regulation FD and does not contain financial results, guidance, or transaction disclosures.

  2. How did RBI's emissions change compared with the 2022 baseline?

    The report states total market-based emissions were 28,888,230 MtCO2e in 2024 versus 30,091,467 MtCO2e in 2022, a 4.0% decrease. Scope 1 emissions rose 27% excluding Carrols restaurants, which the report attributes largely to more corporate-owned and operated restaurants.

  3. What is the Carrols restaurant transaction referenced in the report?

    In early 2024, RBI agreed to purchase 1,082 U.S.-based franchises in 23 states from Carrols Restaurant Group Inc., the largest Burger King franchisee in the U.S. The report says the purchase is temporary, with most restaurants to be renovated and refranchised to smaller operators, and that it significantly affects Scope 1 and 2 emissions.

  4. What emissions targets has RBI set for 2030?

    RBI's SBTi-aligned targets are to reduce absolute Scope 1 and 2 GHG emissions by 50% and Scope 3 GHG emissions intensity by 50% per metric tonne of food and per franchised restaurant, relative to a 2019 baseline. The company has also committed to long-term net-zero targets aligned with 1.5°C and net zero by 2050.

  5. How is RBI progressing on its animal welfare commitments?

    The report states that U.S. cage-free egg compliance reached 23% as of March 2025, with North America at 11% of egg volumes at end-2024. Global sow housing compliance, which addresses gestation crates, reached 80% of the pork supply as of March 2025, up from 35% in 2023.

04—Continue

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