BEIJING, Jan. 24,
2025 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD)
("Yiren Digital" or the "Company"), an AI-powered platform
providing a comprehensive suite of financial and lifestyle services
in China, was recognized for its
outstanding Environmental, Social, and Governance (ESG) performance
in the 2024 S&P Global Corporate Sustainability Assessment
(CSA). To date, Yiren Digital ranked in the top 17% globally within
the Diversified Financial Services and Capital Markets
sector.
Among the CSA evaluation criteria, Yiren Digital demonstrated
notable advancements in information security, business ethics, risk
management, and corporate governance. These improvements reflect
the dedicated efforts and substantial progress the Company has made
in driving sustainable development this year.
The S&P Global CSA is a world-renowned annual evaluation of
a company's sustainability practices. It enables companies to
benchmark their performance on a wide range of industry-specific
economic, environmental, and social criteria that are relevant to
the growing number of sustainability-focused investors and are
expected to be financially relevant to corporate success.
Annual ESG Report and Key Achievements
Yiren Digital released its first ESG Report (the "Report") since
its listing, showcasing its progress in 2023 and future ESG
targets. In the Report, the Company outlined its goal to reduce the
average Power Usage Effectiveness (PUE) of its leased data centers
to 1.3 by 2024, underscoring its commitment to green finance and
sustainability.
Furthermore, in collaboration with leading partners, Yiren
Digital also introduced over 100 environmental protection
indicators into its risk control model, effectively identifying
potential environmental risks of funding applicants. This
initiative directs capital toward green initiatives such as
environmental protection, energy efficiency improvement, and the
development of clean energy.
Integrating ESG Principles into Corporate Strategy
Yiren Digital has seamlessly integrated ESG principles into its
corporate strategy and daily operations, emphasizing long-term
value creation and social responsibility. The Company promotes
environmental sustainability and protection through green finance
initiatives and innovative products that accelerate the global
transition to renewable energy.
Furthermore, Yiren Digital leverages AI-powered models to unlock
new opportunities to transform the industry. By adopting
cutting-edge technology and innovative concepts, the Company is
simultaneously driving its own growth and revitalizing the broader
industry with sustainable initiatives.
At the heart of these initiatives is a robust ESG governance
framework. Yiren Digital adheres to local laws, regulations, and
listing requirements and is strengthening its corporate governance
system with clearly defined responsibilities and efficient
processes. This approach ensures compliance, mitigates risks, and
drives sustainable growth
By embedding ESG principles at every operational level, Yiren
Digital is making significant progress toward a more sustainable
future while delivering long-term value to both society and its
shareholders.
Yiren Digital's unwavering commitment to ESG has earned a number
of accolades and honors. In September
2024, Yiren Digital was named "Outstanding ESG Enterprise"
at the 2024 Global Zhejiang Entrepreneurs ESG Conference in
Hangzhou. Additionally, one of its
projects was selected as part of the "2024 Global Zhejiang
Entrepreneurs ESG Top 100 Case Studies" and featured in the
Zhejiang Entrepreneurs ESG Collection. Earlier in December, Yiren
Digital was recognized as an "ESG Innovation Pioneer Enterprise" at
2024 ESG Sustainable Development Ecosystem Conference.
About Yiren Digital
Yiren Digital Ltd. is an advanced, AI-powered platform providing
a comprehensive suite of financial and lifestyle services
in China. Our mission is to elevate customers' financial
well-being and enhance their quality of life by delivering digital
financial services, tailor-made insurance solutions, and premium
lifestyle services. We support clients at various growth stages,
addressing financing needs arising from consumption and production
activities, while aiming to augment the overall well-being and
security of individuals, families, and businesses.
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