SHANGHAI, Feb. 3, 2023
/PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX:
9987, "Yum China" or the "Company") today announced that it has
been named to the Bloomberg Gender Equality Index ("GEI") and
certified as a Top Employer in China by the Top Employers Institute, both for
the fifth consecutive year, attesting to the Company's unwavering
commitment to its people and excellence in human capital
management.
The 2023 GEI includes 484 companies from 11 sectors across 45
countries and regions. Yum China is one of the five companies from
Mainland China included in the 2023 GEI. The Company received an
industry-leading overall score of 75.62 and performed particularly
well in the areas of leadership & talent pipeline, equal pay
& gender pay parity and anti-sexual harassment policies.
The Top Employers Institute is a global authority on recognizing
excellence in human resource practices. It was established over 30
years ago and has a presence in 121 countries/regions. Yum China's
2023 Top Employer China ranking is the best in the restaurant
industry in China, with the
Company performing particularly well in domains such as Work
Environment, Diversity & Inclusion, and Employee
Well-Being.
"Our people are our greatest strength. Despite all the
challenges since the start of the pandemic, we have stayed true to
our 'People First' philosophy," said Joey
Wat, CEO of Yum China. "The dedication, agility, and
perseverance of our teams have been key to navigating this
difficult time. We are honored to receive the recognition from GEI
and Top Employers Institute for the fifth year in a row. This
recognition reflects our unwavering commitment to fostering an
inclusive workplace where all employees are treated fairly and
their talents can thrive and flourish, regardless of gender or
background."
"The strong sense of responsibility, resilience, and innovative
thinking demonstrated every day by our more than 400,000 employees
is instrumental to the Company's sustainable growth. We continually
strive to create a human-centric workplace that demonstrates
employee care and promotes a culture of diversity, inclusiveness,
and personal growth," said Aiken Yuen, Chief People Officer at Yum
China.
Yum China places the health, safety, and wellbeing of its
employees as its top priority. Since 2020, in response to the
COVID-19 pandemic, the Company has systematically enhanced employee
protection, including financial support to those diagnosed with
critical illness as well as enhanced accident insurance coverage
for their families.
Yum China is a leader in promoting gender diversity in the
restaurant industry and the Company is a signatory of the United
Nations Women's Empowerment Principles (WEPs). As of the end of
2022, over 50% of the Company's workforce and senior management
positions were held by women. There is zero gender pay gap for its
restaurant service team.
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 is the largest restaurant company in China with a mission to make every life taste
beautiful. The Company has over 400,000 employees and operates over
12,000 restaurants under six brands across over 1,700 cities in
China. KFC and Pizza Hut are the
leading brands in the quick-service and casual dining restaurant
spaces in China, respectively.
Taco Bell offers innovative Mexican-inspired food. Yum China has
also partnered with Lavazza to develop the Lavazza coffee shop
concept in China. Little Sheep and
Huang Ji Huang specialize in Chinese
cuisine. Yum China has a world-class, digitalized supply chain
which includes an extensive network of logistics centers nationwide
and an in-house supply chain management system. Its strong digital
capabilities and loyalty program enable the Company to reach
customers faster and serve them better. Yum China is a Fortune 500
company with the vision to be the world's most innovative pioneer
in the restaurant industry. For more information, please visit
http://ir.yumchina.com.
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SOURCE Yum China Holdings Inc.