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Yum China publishes its 2021 sustainability report

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SHANGHAI, China, June 22, 2022 /CSRwire/ — Yum China Holdings, Inc. (the “Firm” or “Yum China”, NYSE: YUMC and HKEX: 9987) at the moment launched its fifth annual sustainability report. Yum China’s 2021 Sustainability Report highlights the corporate’s dedication to sustainability and supplies an summary of progress made in 2021 in the direction of its sustainability objectives.

Yum China formally submitted the science-based short-term greenhouse fuel emission discount targets to the Science Based mostly Goal Initiative (SBTi) for validation on June 8, 2022. The particular targets, consistent with SBTi’s standards and proposals, are anticipated to be introduced earlier than the top of 2022 following official approval from SBTi. The targets will present a clearly outlined path for Yum China to attain web zero worth chain GHG emissions by 2050.

“As we proceed to handle the challenges posed by COVID-19, we stay steadfast in our long-term dedication to sustainability and sustainable progress,” mentioned Joey Wat, CEO of Yum China. “We are going to proceed to collaborate with stakeholders throughout the worth chain to rework and discover modern options for sustainable progress. I’m assured that collectively we’ll proceed to make important progress in the direction of a extra sustainable future.

Specializing in areas the place the corporate’s experience and scale can have essentially the most important impression, Yum China’s 2021 Sustainability Report shares progress on three strategic pillars: meals, atmosphere and folks. Highlights embrace:

  • Dedicated to offering prospects with scrumptious, secure, nutritious and high-quality meals, the corporate has additional improved meals security administration by a state-of-the-art clever and digitized provide chain administration system. trade.
  • Reaffirmed its dedication to dietary enhancements by product innovation. By the appliance of a number of cooking strategies and recipe modifications with much less salt, sugar and oil, the corporate has made outstanding achievements in its product choices.
  • Dedicated to lowering the unfavourable environmental impacts of its whole worth chain, the Firm has developed a decarbonization technique and roadmap supported by scientific emission discount targets which have been submitted to SBTi for validation. Moreover, the corporate continued its efforts to enhance transparency by disclosing local weather motion progress by the CDP and committing to report back to the TCFD within the close to time period.
  • Dedicated to the “Individuals First” philosophy, the corporate launched Yum China’s Human Rights and Occupational Well being and Security Coverage, reiterating its commitments to making a “truthful, caring and proud “.
  • Continued to prioritize worker well being and security and additional enhanced medical insurance coverage protection for its eligible Restaurant Normal Managers (“RGMs”), restaurant administration groups and supervisors. These enhanced advantages are anticipated to cowl roughly 100,000 frontline staff and their relations.
  • Dedicated to selling sustainable rural growth by supporting improved diet and enhancing STEM schooling. The corporate’s flagship One Yuan Donation program has been supporting the well being and progress of kids in distant rural areas for 14 years with nutritious meals. In 2021, this system developed a charity on-line retailer to have interaction hundreds of thousands of Yum China prospects and popularize the idea of “everybody does good”.

Yum China’s sustainability efforts proceed to obtain high-level exterior recognition:

  • Earned the trade’s highest rating within the DJSI CSA 2021 for the second consecutive 12 months and is listed in each the DJSI World Index 2021 and the DJSI Rising Market Index.
  • Acquired an “A” score within the newest MSCI ESG score for 2021.
  • Included in Bloomberg’s 2022 Gender Equality Index for the fourth consecutive 12 months.
  • Licensed High Employer China by High Employers Institute for the fourth consecutive 12 months in 2022, and the one catering firm among the many High 20 Employers.

Learn the total 2021 Sustainability Report right here.

Ahead-looking statements

This press launch accommodates “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. We intend that each one forward-looking statements be lined by the provisions exemption from the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements can usually be recognized by the truth that they don’t relate strictly to historic or present details and by way of forward-looking phrases similar to “count on to”, “count on”, “imagine”, “anticipate”, “might”, “may”, “intend”, “imagine”, “purpose”, “plan”, “estimate”, “goal”, “predict”, “undertaking”, “ambition”, “doubtless”, “will”, “proceed”, “ought to”, “anticipate”, “outlook”, “look ahead” or related terminology. These statements are primarily based on present estimates and assumptions made by us in gentle of our expertise and our notion of historic tendencies, present situations and anticipated future developments, in addition to different elements which we imagine are applicable and affordable within the circumstances, however can’t assure that such estimates and assumptions will show to be right. Ahead-looking statements should not ensures of efficiency and are inherently topic to recognized and unknown dangers and uncertainties which can be tough to foretell and will trigger our precise outcomes or occasions to vary materially from these indicated by such statements. We can’t guarantee you that our expectations, estimates or assumptions might be realized. The forward-looking statements included on this press launch communicate solely as of the date of this press launch, and we undertake no obligation to publicly replace any forward-looking statements to mirror subsequent occasions or circumstances, besides as required by regulation. required. All forward-looking statements needs to be evaluated making an allowance for their inherent uncertainty. You must assessment our filings with the Securities and Change Fee (together with data set forth beneath the headings “Threat Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” in our Annual Report on Type 10-Okay and subsequent quarterly Experiences on Type 10-Q) for additional particulars on elements that would have an effect on our monetary and different outcomes.

About Yum China Holdings, Inc.

Yum China Holdings, Inc. is a licensee of Yum! manufacturers in mainland China. It holds the unique mainland Chinese language rights to KFC, China’s main quick-service restaurant model, Pizza Hut, China’s main informal eating model, and Taco Bell, a California-based restaurant chain serving modern delicacies from world wide. Mexican inspiration. Yum China additionally owns Little Sheep, Huang Ji Huang and COFFii & JOY ideas. Moreover, Yum China has partnered with Lavazza to discover and develop the Lavazza espresso idea in China. The Firm had 12,117 eating places in additional than 1,700 cities on the finish of March 2022.

In 2021, Yum China was chosen as a member of the 2 Dow Jones Sustainability Indexes (DJSI): International Index and Rising Markets Index. In 2022, Yum China ranked No. 359 on the Fortune 500 listing. The corporate was additionally named to the Bloomberg Gender-Equality Index and was licensed High Employer 2022 in China by the High Employers Institute, each for the fourth consecutive 12 months. For extra data, please go to http://ir.yumchina.com.

Contact with Investor Relations:

Tel: +86 21 2407 7556 / +852 2267 5801

[email protected]

Media Contact:

Tel: +86 21 2407 7510

[email protected]

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About Yum China Holdings, Inc.

Yum China Holdings, Inc. is a licensee of Yum! manufacturers in mainland China. It holds the unique mainland Chinese language rights to KFC, China’s main quick-service restaurant model, Pizza Hut, China’s main informal eating model, and Taco Bell, a California-based restaurant chain serving modern delicacies from world wide. Mexican inspiration. Yum China additionally owns Little Sheep, Huang Ji Huang, East Dawning, and COFFii & JOY ideas. Moreover, Yum China has partnered with Lavazza to discover and develop the Lavazza espresso idea in China. By the top of February 2022, the corporate had over 12,000 eating places in over 1,700 cities.

In 2021, Yum China ranked No. 363 on the Fortune 500 listing and was named to the TIME100 listing of most influential firms. Yum China was additionally chosen as a member of the 2 Dow Jones Sustainability Indexes (DJSI): International Index and Rising Markets Index. In 2022, the corporate was named to the Bloomberg Gender-Equality Index and was licensed High Employer 2022 in China by the High Employers Institute, each for the fourth consecutive 12 months. For extra data, please go to http://ir.yumchina.com.

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