SHANGHAI, China – Yum China Holdings, Inc. announced that it has been named for the fourth consecutive year to the Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting. The 2022 GEI includes 418 companies representing 45 countries and regions. Yum China is one of only three companies from Mainland China included in the latest GEI.
“At Yum China, we believe that bringing together people from different backgrounds creates additional value and drives innovation. Diversity and Inclusiveness is fundamental for the Company to realize its vision to become the world’s most innovative pioneer in the restaurant industry,” said the CEO Joey Wat. “To be included in the Bloomberg Gender-Equality Index for the fourth consecutive year is a proud achievement. This reflects our firm commitment to promoting equal opportunities in the workplace.”
The GEI measures gender equality across five pillars: female leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand. In the 2022 GEI, Yum China achieved an above-average overall score of 78.2. The Company performed particularly well in the areas of female leadership & talent pipeline, equal pay & gender pay parity, and anti-sexual harassment policies.
“We are proud to recognize Yum China and the other 417 companies included in the 2022 GEI for their commitment to transparency and setting a new standard in gender-related data reporting,” said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. “Even though the threshold for inclusion in the GEI has risen, the member list continues to grow. This is a testament that more companies are working to improve upon their gender-related metrics, fostering more opportunity for diverse talent to succeed in their organizations.”
Yum China remains at the forefront of promoting gender diversity in the restaurant industry. The Company is led by a female CEO and 30% of its board of directors are women. By the end of the 2021 fiscal year, Yum China employed over 290,000 women, representing 64.7% of the Company’s total workforce.
Meanwhile, 53% of Senior Management level positions were held by women and the Company continues to make progress in nurturing talented leaders across all management levels. Yum China is a signatory of the United Nations Women’s Empowerment Principles (WEPs) and is committed to its principle of non-discrimination in the workplace.
