SHANGHAI, June 18, 2021 /PRNewswire/ -- Yum China Holdings,
Inc. (the "Company" or "Yum China",
NYSE: YUMC and HKEX: 9987) today issued its 2020 Sustainability
Report, which highlights the Company's commitment to sustainability
and provides an overview of progress made in 2020 towards its
sustainability goals.
In 2020, Yum China engaged
internal and external stakeholders to complete a comprehensive
materiality review. As a result, the Company resolved to focus
efforts around three pillars: Environment, Food and People. Within
these, Yum China identified 23
material issues in the value chain to work on as initial
sustainability priorities. In the report, progress made in 2020 has
been summarized in accordance with Global Reporting Initiative
(GRI) best practices and the Dow Jones Sustainability Indices
(DJSI) rating requirements for corporate sustainability reporting.
The report also highlights Yum
China's firm commitment to taking actions that contribute
towards achieving the Sustainable Development Goals and supporting
the United Nations 2030 Agenda.
"With more than 30 years of operations in China, our culture and our values have been
built on a solid foundation of caring - for our customers and
employees, and for society at large," said Joey Wat, CEO of Yum
China. "2020 was an extraordinary year, in which the world
faced unprecedented disruption from the COVID-19 pandemic. I take
great pride in how our people responded to help the communities we
serve get through an incredibly trying time. As the world recovers,
we are excited to turn our capabilities to the broader challenges
of the future."
As outlined in the report, Yum
China strives to establish a responsible ecosystem and
continuously address key sustainability issues, such as climate
change, waste management and sustainable packaging. The Company has
committed to a series of sustainability goals, including:
- Accelerating climate
action: Yum China is committed to setting science-based
emissions reduction targets in accordance with the Paris Agreement
and is driving for net-zero GHGs emissions across the value chain
by 2050.
- Minimizing environmental
impact throughout the supply chain: Yum China is embarking
on an ambitious journey to drive towards a zero-deforestation
supply chain. To achieve this, Yum
China has committed to achieving 100% FSC-certified paper
packaging by 2025, and continues to only source RSPO-certified palm
oil.
Focusing on areas where Yum
China's expertise and scale can have the most meaningful
impact
The 2020 Sustainability Report shares progress across the three
strategic pillars: Environment, Food and People. Highlights
include:
Environment:
Enhancing waste management. In September
2020, Yum China first piloted
a Food Bank program to distribute surplus food to nearby residents
in need and reduce food waste. The Company has also continued to
expand its pilot project to recycle used cooking oil which adopts
an ISCC certified process to convert used cooking oil into
biodiesel.
Food:
Technology-enabled food safety management. Yum China has established an intelligent online
food safety and quality management system and utilizes food safety
risk alert and assessment tools that leverage knowledge graphs.
This enables real-time data collection and analysis, improves
visibility of key processes, and supports timely rectification.
People: Employee
care and serving the community. Yum China has always
prioritized the well-being of its employees and is committed to
serving the community. In response to the Covid-19 pandemic, the
Company quickly put in place contactless delivery and takeaway
services to protect the health and safety of its employees and
customers. The Company also launched an upgraded employee insurance
policy and established a special fund to provide assistance for
frontline employees and their families. In addition, Yum China also provided donations, free meals
and volunteer services to support medical workers on the
frontline.
Despite the challenges of 2020, Yum
China is proud to have been recognized for its continuous
efforts to make a positive impact on the environment and society.
Yum China was named the Industry
Leader for the Restaurant & Leisure Facilities Industry in the
2020 Dow Jones Sustainability Indices (DJSI) and was selected as a
member of the 2020 DJSI World and DJSI Emerging Markets. In 2021,
the Company was named to the Bloomberg Gender-Equality Index and
was certified as a Top Employer China by the Top Employers
Institute, both for the third consecutive year.
Read the full 2020 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. 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," "likely," "will," "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 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 our 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, East Dawning 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 10,725 restaurants in
over 1,500 cities at the end of March
2021. Yum China ranked # 363 on the Fortune 500
list for 2021. Yum China has been
named the Industry Leader for the Restaurant & Leisure
Facilities Industry in the 2020 Dow Jones Sustainability Indices.
In 2021, Yum China was named to the
Bloomberg Gender-Equality Index and was certified as a Top Employer
2021 in China by the Top Employers
Institute, both for the third consecutive year. For more
information, please visit http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.