SHANGHAI, China – Yum China Holdings, Inc. today announced that the Company has been ranked number one globally for the Restaurant & Leisure Facilities Industry in the S&P Global 2023 Corporate Sustainability Assessment (CSA). For the fourth consecutive year, 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). It reflects the Company’s unwavering commitment to environmental, social, and governance (ESG)
Yum China is the only consumer services company from the Chinese mainland to be selected as a member of DJSI World. It achieved the highest score among industry peers in the S&P Global CSA based on three dimensions: governance & economic, environmental, and social. The Company also received a peer-leading S&P Global ESG score.
“We are honored by the continued recognition from the Dow Jones Sustainability Indices. It is a testament to our dedication to integrating sustainable practices across our operations,” said Joey Wat, CEO of Yum China. “We are grateful to everyone who has joined us on our ESG journey, and as we look to the future, we remain committed to innovating in sustainability, positively impacting the communities we serve and contributing to a better planet.”
The Company’s sustainability efforts have also been recognized by other leading ESG indices and ratings. In June 2023, Yum China became the only restaurant company worldwide to hold the ‘AA’ MSCI ESG rating for two consecutive years.
Yum China has made meaningful progress on climate action and renewable energy transition.
In 2022, Yum China became the first restaurant company in China to receive Science Based Targets initiative (SBTi) approval for its near-term greenhouse gas emissions targets.
In May 2023, the Company launched a Distributed Photovoltaic and Virtual Green Power Purchase Alliance with 40 key suppliers to drive low-carbon transformation across its entire value chain
In July 2023, the Company inaugurated China’s first cold-chain logistics center to be 100% powered by renewable energy. In addition, by November, over 70 of the Company’s restaurants in Zhejiang, Anhui, and Shanxi provinces were powered by renewable energy.
Yum China is committed to ethical business practices. This year, the Company joined the United Nations Global Compact (UNGC), formalizing its support of the UNGC’s ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption; and committing to integrating these principles into the Company’s business strategy, corporate culture, and daily operations.
Yum China is committed to creating a responsible ecosystem and aligning with stakeholders across its entire value chain to make impactful progress on ESG.
For more information on Yum China’s corporate sustainability and CSR initiatives, please visit https://www.yumchina.com/respIndex.
