SHANGHAI, Dec. 13, 2021 /PRNewswire/ -- Yum China
Holdings, Inc. (the "Company" or "Yum
China", NYSE: YUMC and HKEX: 9987) announced that it has
received an 'A' rating in the latest MSCI Environmental, Social and
Governance (ESG) Ratings for 2021. Yum
China is one of only two restaurant companies to receive an
'A' rating, recognizing the Company's strong ESG performance.
"Sustainability is an integral part of our business and
fundamental to our future success. We strive to work
collaboratively with our stakeholders across the value chain to
promote innovation for sustainable development," said Joey Wat, CEO of Yum
China. "We are honored to receive the "A" rating from MSCI
for our efforts and commitment to sustainable development."
Yum China's industry leading
position in the MSCI ESG Ratings is driven by the Company's
continued progress and efforts in ESG. According to MSCI,
Yum China outperformed industry
peers in the following areas: Corporate Governance, Packaging
Material & Waste and Opportunities in Nutrition & Health.
MSCI also awarded Yum China a
Best-in-Class score for board performance and acknowledged the
Company's detailed policies on business ethics and corruption.
Yum China is actively involved in
tackling plastic waste and carbon emissions by implementing
improved sustainable packaging measures, targeting to reduce 30%
(as compared to the 2019 baseline) of non-degradable plastic
packaging weight by 2025 and is also committed to achieving 100% of
FSC certified paper packaging. In addition, Yum China has committed to supporting the Paris
Agreement by setting science-based emissions reduction targets and
reaching a net-zero value chain GHGs emissions by 2050.
MSCI Inc. is the world's leading provider of ESG Indexes with
over 1,500 equities and fixed
income ESG Indexes designed to help institutional investors
benchmark ESG investment performance and manage, measure and report
on ESG mandates. MSCI ESG Ratings is designed to measure a
company's resilience to long-term ESG risks.
Yum China's sustainability
leadership is recognized through the Company's presence in leading
sustainability indices and ratings. Notably, Yum China has once again been recognized as one
of the industry leading companies for sustainability performance in
the 2021 Dow Jones Sustainability Indices (DJSI). It has been
selected as a member of both DJSI World Index and DJSI Emerging
Market Index for the second consecutive year.
View Yum China's latest CSR and
Sustainability Report here:
https://www.yumchina.com/respIndex
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 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 11,415 restaurants in
over 1,600 cities at the end of September
2021. Yum China ranked # 363
on the Fortune 500 list and was named to TIME100 Most Influential
Companies list in 2021. Yum China
has been selected as member of both Dow Jones Sustainability
Indices (DJSI): World Index and Emerging Market Index. 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.
View original
content:https://www.prnewswire.com/news-releases/yum-china-receives-a-rating-from-msci-esg-301442816.html
SOURCE Yum China Holdings, Inc.