Green power purchase program launched with two pilot
restaurants
SHANGHAI, Dec. 12,
2022 /PRNewswire/ -- Yum China Holdings, Inc. (the
"Company" or "Yum China", NYSE: YUMC
and HKEX: 9987) today announced that the Company was ranked the
best in the 88 companies assessed in the Restaurant & Leisure
Facilities (REX) Industry in the S&P Global Corporate
Sustainability Assessment (CSA) 2022. It is the third consecutive
year that 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). Yum China
is the only company in the Consumer Services industry group from
mainland China selected as a member of DJSI World.
Yum China received an impressive
score of 74 out of 100 points, reflecting the Company's strong
performance across governance and economic, environmental and
social dimensions. Yum China
achieved the industry highest score in 12 out of the 30 total
criteria, including for Sustainable Packaging, Supply Chain
Management, Stakeholder Engagement, Environmental and Social
Reporting, among other criteria.
"At Yum China, we strive to embed a culture of sustainability at
all levels of the organization while doing our best to contribute
to a more sustainable future," said Joey
Wat, CEO of Yum China. "We
are delighted that our efforts are once again recognized by DJSI.
We will continue to make progress on our journey towards net-zero
and remain committed to creating a responsible ecosystem."
As the largest restaurant company in China, Yum
China is driving positive change for people and planet. The
Company strives to create a responsible ecosystem by building
sustainable restaurants, creating a sustainable supply chain, and
contributing to sustainable communities together with all
stakeholders.
Addressing climate-related risks and opportunities is a
strategic priority for Yum China as
the Company is moving towards net-zero value chain GHG emissions by
2050. The Company is exploring ways to apply renewable energy
through collaboration with various stakeholders. For example, by
leveraging China's green power trading pilot scheme launched in
2021, two company-owned restaurants in Hangzhou, Zhejiang province, have been powered by 100%
renewable energy since December this year. This is made possible
through a green power purchase agreement with a local power trading
company. Yum China is now seeking
opportunities to gradually extend the program to more restaurants
across the country.
Yum China's sustainability
endeavors continue to be recognized by other leading sustainability
indices and ratings. Notably, in July
2022, Yum China's MSCI ESG
rating was upgraded to 'AA', the only restaurant
company[1] to receive an 'AA' rating.
For more information on Yum
China's corporate sustainability and CSR initiatives, please
visit http://www.yumchina.com/respIndex.
For more information on the Dow Jones Sustainability Index and
methodology, please visit CSA website.
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 Holdings, Inc. is a licensee of Yum! Brands in
mainland China. It has exclusive rights in mainland China to KFC,
China's leading quick-service restaurant brand, Pizza Hut, the
leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving
innovative Mexican-inspired food. Yum
China also owns the Little Sheep, Huang Ji Huang and COFFii & JOY concepts
outright. In addition, Yum China has
partnered with Lavazza to explore and develop the Lavazza coffee
shop concept in China. The Company
had 12,409 restaurants in over 1,700 cities at the end of
September 2022.
Yum China ranked 359th
on the Fortune 500 list in 2022. Yum
China has been selected as a member of both Dow Jones
Sustainability Indices (DJSI): World Index and Emerging Market
Index for the third consecutive year. The Company was also named to
the Bloomberg Gender-Equality Index and was certified as a Top
Employer 2022 in China by the Top
Employers Institute, both for the fourth consecutive year. For more
information, please visit http://ir.yumchina.com.
[1] Universe: MSCI All Country World Index (ACWI)
constituents
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SOURCE Yum China Holdings Inc.