SHANGHAI, Jan. 22, 2020 /PRNewswire/ -- Yum China Holdings,
Inc. (the "Company" or "Yum China")
(NYSE: YUMC) today announced that it has been named for the
second consecutive year to the Bloomberg Gender-Equality Index
(GEI), which recognizes companies committed to transparency in
gender reporting and advancing women's equality. The 2020 GEI
includes 325 companies across 50 industries representing 42
countries and regions worldwide. Yum China is one of only
three companies from Mainland China included in the latest GEI and
one of only two restaurant companies in the world to be
included.
"We are proud that Yum China
has been included in the Bloomberg Gender-Equality
Index for the second year in a row, one of only a handful of
Chinese companies to receive this recognition," said Joey Wat, CEO of Yum
China. "Our People First philosophy reflects our
long-standing belief that our people are our most important asset.
We are committed to creating an environment where all of our
employees can succeed, irrespective of gender, and we strive to
make continuous progress in embedding equal opportunity throughout
our company."
The GEI tracks the financial performance of public companies
committed to supporting gender equality through policy development,
representation, and transparency. The reference index measures
gender equality across five pillars: female leadership and talent
pipeline, equal pay and gender pay parity, inclusive culture,
sexual harassment policies, and pro-women brand. Yum China performed particularly well on the
female leadership and talent pipeline pillar, scoring well above
the overall 2020 GEI average.
"The 325 companies included in the 2020 GEI have shown their
commitment to transparency and demonstrated leadership in
gender-related data reporting," said Peter
T. Grauer, Chairman of Bloomberg. "Disclosure of company
statistics and practices is an important first step in supporting
gender equality globally."
Yum China is firmly committed to
fostering a professional, inclusive and discrimination-free
workplace for all of the Company's 450,000 employees. By the end of
the 2019 fiscal year, Yum China
employed over 279,000 women, representing 61.5% of the Company's
total workforce. 54% of Senior Management level positions were held
by women, and the Company continues to make great strides in
nurturing talented female leaders across all management levels. In
2019, Yum China endorsed the UN's
Women Empowerment Principles (WEPs) and this latest GEI inclusion
comes soon after Yum China was named
a Top Employer China by the Top Employers Institute for the second
year in a row. These recent developments reinforce the Company's
dedication to providing exceptional working environments through
progressive 'People First' HR practices.
About Bloomberg Gender-Equality Index
The Bloomberg Gender-Equality Index (GEI) is the world's only
comprehensive investment-quality data source on gender
equality. The index considers internal company statistics,
employee policies, external community support and engagement, and
gender-conscious product offerings. The Bloomberg GEI was created
to bring transparency to the opaque arena of social data. The
Bloomberg gender reporting framework is voluntary and has no
associated costs. The GEI is a reference index. All public
companies can submit data to Bloomberg. Those with a security
listed on a U.S. exchange and a market capitalization of
USD1 billion or greater are eligible
for index inclusion. For more information on the GEI, please
visit:
https://www.bloomberg.com/professional/solution/gender-equality-index/
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, East Dawning and COFFii
& JOY concepts outright. The Company had more than 8,900
restaurants in over 1,300 cities at the end of September 2019. Yum
China ranked # 362 on the Fortune 500 list in 2019. In 2020
Yum China was named to the Bloomberg Gender-Equality Index for the
second consecutive year and was certified as a Top Employer 2020 in
China by the Top Employers
Institute for the second consecutive year. For more information,
please visit http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.