Yum China receives “A” rating from MSCI ESG
SHANGHAI, December 13, 2021 / PRNewswire / – Yum China Holdings, Inc. (the “Company” or “Yum China“, NYSE: YUMC and HKEX: 9987) announced that it received an” A “rating in the latest MSCI Environmental, Social and Governance (ESG) ratings for 2021. Yum China is one of only two catering companies to receive an âAâ rating, recognizing the strong ESG performance of the company.
âSustainability is an integral part of our business and is essential to our future success. We strive to work collaboratively with our stakeholders throughout the value chain to promote innovation for sustainable development, âsaid Joey vat, CEO of Yum China. âWe are honored to receive an ‘A’ rating from MSCI for our efforts and commitment to sustainability. “
Yum China The industry’s leading position in MSCI ESG ratings is driven by the company’s continuous progress and efforts in ESG. According to MSCI, Yum China has outperformed its industry peers in the areas of corporate governance, packaging materials and waste, and opportunities in nutrition and health. MSCI also awarded Yum China a best-in-class rating for board performance and recognized the company’s detailed business ethics and corruption policies.
Yum China is actively involved in the fight against plastic waste and carbon emissions by implementing improved sustainable packaging measures, aiming to reduce by 30% (compared to the 2019 baseline) the weight of non-degradable plastic packaging d ‘by 2025 and also commits to achieve 100% FSC-certified packaging paper packaging. In addition, Yum China pledged to support the Paris Agreement by setting science-based emissions reduction targets and achieving a zero GHG emissions net value chain by 2050.
MSCI Inc. is the world’s leading provider of ESG indices with more than 1,500 actions and ESG fixed income indices designed to help institutional investors compare the performance of ESG investments and manage, measure and report ESG mandates. MSCI ESG Ratings is designed to measure a company’s resilience to long-term ESG risks.
Yum China leadership in sustainable development is recognized by the company’s presence in the main sustainable development indices and ratings. Especially, Yum China has once again been recognized as one of the industry’s leading companies for its sustainability performance in the Dow Jones 2021 Sustainability Indices (DJSI). He was selected as a member of both the DJSI World Index and the DJSI Emerging Market Index for the second year in a row.
See Yum China last CSR and sustainable development report here:
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About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It owns the exclusive rights in mainland China to KFC, China’s leading fast food brand, and Pizza Hut, China’s leading casual dining brand. China, and Taco Bell, a Californiachain of restaurants serving innovative Mexican-inspired cuisine. Yum China also owns the Petit Mouton, Huang Ji Huang, East Dawning and COFFii & JOY pure and simple concepts. In addition, Yum China partnered with Lavazza to explore and develop the Lavazza coffee concept by China. The Company had 11,415 restaurants in more than 1,600 cities at the end of September 2021. Yum China Ranked # 363 on the Fortune 500 list and was named to TIME100’s Most Influential Companies list in 2021. Yum China was selected as a member of the two Dow Jones Sustainability (DJSI) indices: World Index and Emerging Market Index. In 2021, Yum China was named to the Bloomberg Gender-Equality Index and was certified 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.