Yum China Named to Fortune's 2023 Change the World List
Yum China named to Fortune's 2023 Change the World list
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Yum China recognized for positive social impact through core business activities
Yum China's One Yuan Donation program has channeled over $30 million to rural development initiatives
Yum China's Grow Local Initiative introduces local produce to e-commerce platforms and menu items
Yum China striving to reduce food waste and carbon emissions
10/10/2023 - 11:00 AM
NORTHAMPTON, MA / ACCESSWIRE / October 10, 2023 / Recently, Yum China has been named to Fortune's 2023 Change the World list, an annual list that recognizes a select group of companies that have had a positive social impact through activities that are part of their core business strategy. Yum China is one of 59 companies selected by Fortune's reporters and editors for inclusion in the 2023 list - and is the only restaurant company to be included.
Fortune highlighted the impact of Yum China's flagship One Yuan Donation program, noting that the campaign as a whole has channeled over $30 million to rural development initiatives since its inception. The program, currently in its 16th year of operation, was launched in 2008 in partnership with the China Foundation for Rural Development (CFRD). By enabling customers in China to conveniently make small donations when they place their orders, the program is contributing to poverty alleviation and rural revitalization by improving the diet and nutrition of children in remote areas and enhancing their access to digital education. Over the years, Yum China have continuously fine-tuned the program to increase its impact, including extending fundraising channels from its stores to its own online platforms. Since its establishment, more than 130 million customers have donated directly to the One Yuan Donation Program.
Fortune also recognized Yum China's Grow Local Initiative, specifically its achievements in introducing local produce, from Yunnan truffles to Tartary buckwheat, to the Company's e-commerce platforms and menu items. Fortune also noted that Yum China is striving to reduce its food waste and carbon emissions, in part by establishing food banks to distribute excess food to the local community.
Yum China's sustainability strategy is an essential component of the Company's long-term business growth strategy. With a focus on three strategic pillars - Food, Environment, and People, Yum China always strives to Create A Responsible Ecosystem by building sustainable restaurants, creating a sustainable supply chain, and contributing to sustainable communities in collaboration with all stakeholders. In recent years, the Company has continued to make significant progress towards its Environmental, Social and Governance (ESG) goals. This includes actively executing on its plan to decarbonize its business, continuously exploring ways to optimize its operations by reducing its reliance on natural resources and increasing waste recycling, keeping food safety as the Company's top priority, and adhering firmly to the Company's "People First" philosophy.
Fortune's annual Change the World list identifies companies that have made an important social or environmental impact through their profit-making strategy and operations. The Change the World list recognizes companies that have had a positive social impact through activities that are part of their core business strategy. As Fortune assesses nominees, among the factors that matter most are measurable social impact, business results, and degree of innovation.
To view the full Fortune 2023 Change the World list visit here .
View additional multimedia and more ESG storytelling from Yum China on 3blmedia.com.
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SOURCE: Yum China
https://www.accesswire.com/791642/yum-china-named-to-fortunes-2023-change-the-world-list
What is Yum China?
Yum China is a restaurant company.
What is Fortune's Change the World list?
Fortune's Change the World list recognizes companies that have a positive social impact through their core business activities.
What is Yum China's One Yuan Donation program?
Yum China's One Yuan Donation program allows customers to make small donations when they place their orders, contributing to poverty alleviation and rural revitalization.
What is Yum China's Grow Local Initiative?
Yum China's Grow Local Initiative introduces local produce to its e-commerce platforms and menu items.
What sustainability initiatives is Yum China undertaking?
Yum China is striving to reduce food waste and carbon emissions, and has established food banks to distribute excess food to the local community.
What are Yum China's strategic pillars?
Yum China's strategic pillars are Food, Environment, and People.
What is Yum China's focus on ESG goals?
Yum China is actively working towards its Environmental, Social, and Governance goals, including decarbonizing its business and optimizing operations to reduce reliance on natural resources.
What is Fortune's criteria for the Change the World list?
Fortune considers measurable social impact, business results, and degree of innovation when selecting companies for the Change the World list.
