SHANGHAI, April 3,
2023 /PRNewswire/ -- Yum China Holdings, Inc.
(NYSE: YUMC and HKEX: 9987, "Yum
China" or the "Company") today announced that it has
published its 2022 Sustainability Report on March 31. This report outlines the progress the
Company has made, as well as the commitments the Company is making,
towards the Company's ESG goals in three focus areas: Environment,
Food, and People.
"Yum China continued to make
progress on its ESG commitments and priorities throughout the
pandemic. We also stayed true to our purpose by supporting our
employees, serving our customers effectively, and giving back to
our communities," said Joey Wat, CEO
of Yum China. "Although many
uncertainties still lie ahead, I believe that with our key
capabilities and competitive moats, Yum
China is uniquely positioned to thrive both as a business
and a responsible corporate citizen. We will continue to foster a
culture of creativity and collaboration as we work towards our ESG
goals with our partners."
Key highlights from this year's report include:
- Supporting the transition to a
low-carbon economy and contributing to a circular economy: In
2022, the Company's science-based emissions reduction targets were
approved by the Science Based Targets initiative (SBTi). This
represents an important milestone in the Company's journey towards
achieving net-zero value chain GHG emissions by 2050. The Company
is committed to contributing to a circular economy by improving the
efficient use of natural resources through initiatives to reduce,
reuse, recycle and replace. In 2022, Yum
China initiated pilot projects such as fueling its logistic
fleets with biodiesel, and recycling packaging waste generated in
daily operations.
- Deepening efforts to offer safe and
nutritious food to customers: The Company continued to invest
heavily in building an industry-leading, intelligent, digitalized
food safety and quality management system. Utilizing AI, IoT, and
real-time monitoring and analysis, the Company has established
rigorous control measures across the value chain to ensure food
safety and quality. In addition to offering customers safe and
high-quality food, Yum China is
committed to offering a wide range of nutritious choices to
customers. The recently released Yum China Nutrition and Health
Policy highlighted the Company's commitment to promoting balanced
diets.
- Firmly adhering to the 'People First'
philosophy: The Company provided job security to its employees
even during tough times, refrained from layoffs, increased medical
coverage for eligible staff and their families, and provided them
with food and medical supplies during the pandemic related
lockdowns. In 2022, the Company further upgraded its employee
benefits plan and established the "Yum China Employee Mutual Aid
Fund" to offer financial assistance to employees in need.
- Serving the communities where we live
and operate: Through their heroic efforts during the pandemic,
Yum China's employees continued to
live out the Company's core values. In 2022, over 4 million hours
of volunteer time was recorded to support local communities.
Meanwhile, Yum China's flagship
One Yuan Donation program celebrated
its 15th anniversary. Through it, the Company contributes to
poverty alleviation and rural revitalization by improving the diet
and nutrition of children in remote areas and enhancing their
access to digital education.
Yum China continues to receive
recognition for its sustainability efforts and progress. The
Company achieved a 'Top 1% Global ESG Score' in S&P Global' s
Sustainability Yearbook 2023, the only company in the Restaurants
& Leisure Facilities industry to receive this recognition.
The 2022 Sustainability Report, Yum
China's sixth annual Sustainability Report, was prepared in
accordance with global ESG and sustainability reporting guidelines
and frameworks, including the Global Reporting Initiative (GRI),
and Sustainability Accounting Standards Board (SASB). It also
outlines Yum China's contributions
to the United Nations Sustainable Development Goals (SDGs) to
ensure the Company's efforts align with the 2030 Agenda.
To learn more about Yum China's
ESG efforts, please visit: http://www.yumchina.com/respIndex.
Read the full 2022 Sustainability Report here.
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," "aim," "plan," "estimate," "target," "predict,"
"project," "likely," "will," "continue," "should," "forecast,"
"outlook," "look forward to" 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 nearly 13,000 restaurants under six
brands across 1,800 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 shop 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.