- First restaurant company in China to get the ISCC (International
Sustainability and Carbon Certification) certification for its used
cooking oil that will be converted into sustainable biodiesel
- Rolled out reusable serving baskets in all KFC restaurants
across China
SHANGHAI, May 15, 2019 /PRNewswire/ -- Yum China Holdings,
Inc. (the "Company" or "Yum China")
(NYSE: YUMC) announced on May 13, 2019 that it is the first
restaurant company in China to get
the ISCC (International Sustainability and Carbon Certification)
certification for its used cooking oil that will be converted into
sustainable biodiesel following a successful pilot project in
Chengdu. At the same time, the
Company has successfully rolled out its in-house developed reusable
serving baskets in over 6,000 KFC restaurants across China.
"We are very proud to be the first restaurant company in
China to supply its ISCC Certified
used cooking oil as a sustainable feedstock for biodiesel
production," said Joey Wat, CEO of
Yum China. "The pilot biodiesel
conversion project and the introduction of the reusable serving
baskets in our KFC restaurants underlines our commitment to
improving sustainability throughout our value chain, while making a
greater positive impact on society and the environment. We will
continue to leverage our strengths and scale to play a greater role
in helping build a sustainable future for our planet and we will
encourage our people, our partners, the communities we operate in,
as well as the millions of customers we serve, to contribute as
well. Guided by our principles of "reduce, reuse, recycle, and
replace", we strive to explore innovative opportunities and
leverage new technologies to build sustainable and environmentally
friendly restaurants."
Yum China launched its first
biodiesel conversion pilot project in Chengdu in October 2018 to ensure that all used cooking oil at
Company-owned KFC restaurants in the city is successfully converted
into biodiesel. In accordance with the ISCC certification process,
Yum China has established a
comprehensive data recording and tracking system with local
partners covering those KFC restaurants, waste collection
companies, used oil storage sites and biodiesel plants. The system
records information concerning used oil at every stage of the
conversion process. In the future, Yum
China plans to selectively roll out the biodiesel conversion
initiative nationwide.
As one of Yum China's sustainable
packaging initiatives, the KFC reusable serving basket is designed
to reduce and replace the use of disposable paper packaging without
compromising customers' in-store dining experience. The reusable
serving basket has already replaced over 10 types of disposable
paper packaging for fries, chicken products and snacks.
After initial testing in October 2018, the reusable serving basket was
introduced in over 6000 KFC restaurants nationwide in February 2019. As a result, KFC restaurants
across the country are expected to save more than 2,000 tons of
paper per year and the total amount of waste in restaurants is
expected to be reduced on average by approximately 20%.
These pioneering new initiatives, among others, are contributing
to Yum China's overarching
sustainability strategy to Create A Responsible Ecosystem (CARE)
with a focus on building sustainable restaurants, improving
sustainability across the entire supply chain and promoting
sustainability in communities. The Company has integrated
sustainability with its long-term business growth strategy
"Sustainable Platform for Growth" and will continuously leverage
its strengths to provide customers with safe and nutritious food in
a way that is economically, socially and environmentally
sustainable. Yum China has also
created a roadmap of commitments to implement this strategy, which
clearly defines the objective and goals for critical environmental
and social focus areas.
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. 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," "plan,"
"estimate," "target," "predict," "likely," "will," "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 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 "Forward-Looking
Statements" in our Annual Report on Form 10-K) for additional
detail about factors that could affect our financial and other
results.
About ISCC
ISCC (International Sustainability and Carbon Certification) is
a globally leading sustainability certification system. It is
applied by more than 3,300 companies in 100 countries. ISCC is an
independent multi-stakeholder system used to verify compliance with
strict sustainability, GHG and traceability requirements. The
certification is carried out by independent third-party
organizations. ISCC is a high-level standard, widely recognized by
authorities and industry initiatives. It is governed by the ISCC
Association comprising 117 members as of 10
April 2019. A key objective of ISCC is to support the
development of a sustainable bioeconomy. Find out more at:
www.iscc-system.org
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 8,600
restaurants in over 1,300 cities at the end of March 2019. In 2019, Yum
China was named to the Bloomberg Gender-Equality Index and
was certified as a Top Employer 2019 in China by the Top Employers Institute. For more
information, please visit http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.