SHANGHAI, Dec. 21,
2023 /PRNewswire/ -- Yum China Holdings, Inc. (the
"Company" or "Yum China", NYSE: YUMC
and HKEX: 9987) today announced that the Company has been ranked
number one globally for the Restaurant & Leisure Facilities
Industry in the S&P Global 2023 Corporate Sustainability
Assessment (CSA). For the fourth consecutive year, Yum China has been selected as a member of both
the Dow Jones Sustainability Indices (DJSI): World Index (DJSI
World) and Emerging Market Index (DJSI Emerging Markets). It
reflects the Company's unwavering commitment to environmental,
social, and governance (ESG)
Yum China is the only consumer
services company from the Chinese mainland to be selected as a
member of DJSI World. Yum China
achieved the highest score among industry peers in the S&P
Global CSA based on three dimensions: governance & economic,
environmental, and social. The Company also received a peer-leading
S&P Global ESG score.
"We are honored by the continued recognition from the Dow Jones
Sustainability Indices. It is a testament to our dedication to
integrating sustainable practices across our operations," said
Joey Wat, CEO of Yum China. "We are grateful to everyone who has
joined us on our ESG journey, and as we look to the future, we
remain committed to innovating in sustainability, positively
impacting the communities we serve and contributing to a better
planet."
The Company's sustainability efforts have also been recognized
by other leading ESG indices and ratings. In June 2023, Yum
China became the only restaurant company worldwide to hold
the 'AA' MSCI ESG rating for two consecutive years.
Yum China has made meaningful
progress on climate action and renewable energy transition.
- In 2022, Yum China became the first restaurant company in
China to receive Science Based
Targets initiative (SBTi) approval for its near-term greenhouse gas
emissions targets.
- In May 2023, the Company launched
a Distributed Photovoltaic and Virtual Green Power Purchase
Alliance with 40 key suppliers to drive low-carbon transformation
across its entire value chain
- In July 2023, the Company
inaugurated China's first cold-chain logistics center to be 100%
powered by renewable energy. In addition, by November, over 70 of
the Company's restaurants in Zhejiang, Anhui, and Shanxi provinces were powered by renewable
energy.
Yum China is committed to ethical
business practices. This year, the Company joined the United
Nations Global Compact (UNGC), formalizing its support of the
UNGC's ten universally accepted principles in the areas of human
rights, labor, environment, and anti-corruption; and committing to
integrating these principles into the Company's business strategy,
corporate culture, and daily operations.
Yum China is committed to
creating a responsible ecosystem and aligning with stakeholders
across its entire value chain to make impactful progress on
ESG.
For more information on Yum
China's corporate sustainability and CSR initiatives, please
visit https://www.yumchina.com/respIndex.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. We intend all
forward-looking statements to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally can be identified by the fact
that they do not relate strictly to historical or current facts and
by the use of forward-looking words such as "expect,"
"expectation," "believe," "anticipate," "may," "could," "intend,"
"belief," "plan," "estimate," "target," "predict," "project,"
"likely," "will," "continue," "should," "forecast," "outlook",
"commit" or similar terminology. These statements are based on
current estimates and assumptions made by us in light of our
experience and perception of historical trends, current conditions
and expected future developments, as well as other factors that we
believe are appropriate and reasonable under the circumstances, but
there can be no assurance that such estimates and assumptions will
prove to be correct. Forward-looking statements are not guarantees
of performance and are inherently subject to known and unknown
risks and uncertainties that are difficult to predict and could
cause our actual results or events to differ materially from those
indicated by those statements. We cannot assure you that any of our
expectations, estimates or assumptions will be achieved. The
forward-looking statements included in this press release are only
made as of the date of this press release, and we disclaim any
obligation to publicly update any forward-looking statement to
reflect subsequent events or circumstances, except as required by
law. All forward-looking statements should be evaluated with the
understanding of their inherent uncertainty. You should consult our
filings with the Securities and Exchange Commission (including the
information set forth under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q) for additional detail
about factors that could affect our financial and other
results.
About Yum China Holdings, Inc.
Yum China is the largest
restaurant company in China with a
mission to make every life taste beautiful. The Company has over
400,000 employees and operates over 14,000 restaurants under six
brands across 1,900 cities in China. KFC and Pizza Hut are the leading
brands in the quick-service and casual dining restaurant spaces in
China, respectively. Taco Bell
offers innovative Mexican-inspired food. Yum China has also partnered with Lavazza to
develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Yum China has a world-class,
digitalized supply chain which includes an extensive network of
logistics centers nationwide and an in-house supply chain
management system. Its strong digital capabilities and loyalty
program enable the Company to reach customers faster and serve them
better. Yum China is a Fortune 500
company with the vision to be the world's most innovative pioneer
in the restaurant industry. For more information, please visit
http://ir.yumchina.com.
Investor Relations Contact:
Tel: +86 21 2407 7556 /+852 2267 5801
IR@YumChina.com
Media Contact:
Tel: +86 21 2407 7510
Media@YumChina.com
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SOURCE Yum China Holdings, Inc.