SHANGHAI, Jan. 9, 2025
/PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or
"Yum China") (NYSE: YUMC; HKEX:
9987) today announced that the Company has been ranked number one
globally for the Restaurant & Leisure Facilities Industry in
the S&P Global 2024 Corporate Sustainability Assessment (CSA).
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) for the fifth consecutive year.
Yum China stands out as the only
company from the Chinese mainland in the consumer services industry
included in the DJSI World Index. This year, Yum China has significantly improved its
performance in the S&P CSA, with its overall score increasing
by 5 points compared to last year. Among 24 CSA evaluation
criteria, it ranked in the top 1% in 15 criteria, demonstrating
notable advancements particularly in Supply Chain Management, Human
Capital Management, and Customer Relations. These enhancements
highlight the Company's dedicated efforts and substantial progress
over the past year.
The Company also received a peer-leading S&P Global ESG
score and continued to perform excellently among other major
international ESG rating agencies. In June
2024, Yum China maintained
its AA rating in the MSCI ESG ratings for the third consecutive
year, remaining the only restaurant company worldwide with this
distinction.
These achievements collectively reflect Yum China's long-term commitment and outstanding
performance in ESG. Yum China is
committed to creating a responsible ecosystem and aligning with
stakeholders across its entire value chain to make impactful
progress on ESG.
In 2024, Yum China further
advanced its commitment to sustainability with key initiatives such
as scaling up the use of renewable energy in its stores and
logistics centers, engaging suppliers to adopt renewable energy,
reducing the use of plastic and paper in packaging, and
establishing a nationwide coffee ground recycling network. The
Company was awarded the "Gold Award" for Recycling and Circular
Utilization Solutions at the 2024 International Packaging
Innovation Forum (IPIF).
For more information on Yum
China's corporate sustainability and CSR initiatives, please
visit: https://www.yumchina.com/sustainability/en/home/Index
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, including under
"2024 Outlook." 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 include, without limitation, statements regarding the
future strategies, growth, business plans, and dividend and share
repurchase plans. 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. Numerous factors could cause our actual results or events to
differ materially from those expressed or implied by
forward-looking statements. Our plan of capital returns to
shareholders is based on current expectations, which may change
based on market conditions, capital needs or otherwise. In
addition, other risks and uncertainties not presently known to us
or that we currently believe to be immaterial could affect the
accuracy of any such forward-looking statements. 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
caption "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
approximately 400,000 employees and operates over 15,000
restaurants under six brands across around 2,200 cities in
China. KFC and Pizza Hut are the
leading brands in the quick-service and casual dining restaurant
spaces in China, respectively. In
addition, Yum China has partnered
with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Taco Bell offers innovative Mexican-inspired food. 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.
Contacts
Investor Relations Contact:
Tel: +86 21 2407 7556
IR@YumChina.com
Media Contact:
Tel: +86 21 2407 8288 / +852 2267 5807
Media@YumChina.com
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SOURCE Yum China Holdings, Inc.