Month: January 2024

SHANGHAI, January 23, 2024 /3BL/ – Yum China Holdings, Inc. (the “Company” or “Yum China”, NYSE: YUMC and HKEX: 9987) has been named by the Top Employers Institute as a Top Employer China for the sixth consecutive year. Ranked fourth overall among more than 150 companies included in the list, Yum China again placed first in the restaurant industry. This accolade highlights the Company’s outstanding performance in key areas such as People Strategy, Digital HR, Working Environment and Career Development. It also reflects Yum China’s “People First” philosophy and commitment to providing an excellent working environment and experience for its employees.

“To be named a Top Employer China for six consecutive years is a testament to our unwavering commitment to our people,” said Joey Wat, CEO of Yum China. “At the heart of our success lies our ‘Fair, Care, and Pride’ principle, which includes nurturing a vibrant and inclusive culture that supports our team members’ growth and our company’s progress.”

Jerry Ding, Chief People Officer of Yum China, said, “With a diverse team of over 400,000 people, our employees are the cornerstone of the company’s growth and resilience. Our talent strategy, centered on a vision of healthy and sustainable growth, is significantly enhanced by our embrace of technological innovation. This strategy deepens our dedication to employee care, reinforcing Yum China’s position as a leader in the restaurant industry.”

Yum China is committed to fostering a diverse, inclusive and non-discriminatory working environment, enabling its people to unleash their potential regardless of their gender or background. By end of 2023, female employees represented more than 50% of the Company’s total workforce. The Company also prides itself on being at the forefront of the industry in ensuring fair and competitive compensation and benefits. This includes providing an equity incentive plan for Restaurant General Managers (RGMs), allowing them to share in the company’s growth and success. Since its inception in 2016, the program has awarded Restricted Stock Units (RSUs) to over 13,000 RGMs. In addition, the Company’s comprehensive “YUMC Care” benefit plan offers tailored benefits according to life stage and individual needs.

Yum China’s suite of learning and development programs actively support the career development and growth of employees. Key initiatives include structured career advancement opportunities for restaurant operations team members and specialized training for marketing and supply chain management trainees. In 2023, the Company launched its “Yum China Bytes & Bites Program” to offer working opportunities to approximately 80 students from leading Chinese universities at Yum China’s Digital Research Centers, integrating cutting-edge technology with practical industry experience. Yum China also provides a supportive and inclusive environment for employees with special needs through its “Angel Restaurants” initiative. As of the end of June 2023, KFC China has 46 “Angel Restaurants” in 42 cities, employing over 200 individuals with special needs.

Embracing new technologies remains a key factor underpinning Yum China’s recognition as a Top Employer China. As a pioneer in digital transformation, the Company has leveraged AI to optimize demand forecasting, inventory management, crew scheduling, and production to empower frontline managers, while helping to promote more sustainable business growth.

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, including statements regarding the Company’s business strategy and capital allocation strategy. 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 “goal,” “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “project,” “likely,” “will,” “continue,” “should” 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. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward- looking statements. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the SEC (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 14,000 restaurants under six brands across 1,900 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 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.

Investor Relations Contact:

Tel: +86 21 2407 7556 /+852 2267 5801

IR@YumChina.com

Media Contact:

Tel: +86 21 2407 7510

Media@YumChina.com

Originally published in Leidos Sustainability Report

At Leidos, our dedication extends to all those we serve – our employees, our customers, our supplier partners, our communities, and our shareholders. This dedication, coupled with our unwavering sense of purpose, empowers us to establish profound connections with our customers. It also equips us to adeptly address evolving demands for heightened sustainability disclosures and transparency across our operations. Next Level Leidos (NLL) encompasses our environmental, social, and governance (ESG) objectives for 2030. Aimed at positively impacting people and the planet,
we focus on three key areas:

Cultivating Inclusion: Building a strong business foundation that welcomes all perspectives and provides equitable access and resources for everyoneAdvancing Environmental Sustainability: Implementing sustainable solutions to reduce the company’s environmental footprintPromoting Healthier Lives: Investing in initiatives and resources that promote the health and well-being of employees and communities

CULTIVATING INCLUSION

We’ve devoted substantial resources to educate our leaders and employees about workplace practices concerning diversity, equity, and inclusion. In 2022, 100% of our employees completed Inclusion Acumen 2.0 training, and more than 2,500 people leaders completed the Inclusive Leader Learning Program (ILLP). ILLP equips managers to lead inclusively by creating and fostering environments in which inclusion and diversity are welcomed and leveraged with intention.Leidos hired 2,260 veterans and military spouses in 2022 and continued to be honored with numerous awards and rankings such as Forbes’ America’s Best Employers for Veterans and Military.com’s Top 25 Veteran Employers.Cultivating a workplace that embraces diversity, equity, and inclusion hinges on transparency. During 2022, we witnessed a 1% increase in the representation of female employees globally, while concurrently achieving a 2% enhancement in the diversity of our United States (U.S.) – based workforce.Leidos awarded more than $1.9 billion in contracts to small businesses across our federal programs. Our Small Business Supplier Diversity Program (SBSDP) tracks and monitors these awards. Moreover, the SBSDP partners with business development, procurement, and operations to maximize the use of small and diverse suppliers that provide products and services vital to the successful execution of our customer commitments.Our efforts in diversity, equity, and inclusion contributed to Leidos achieving numerous best-in-class rankings, including the Drucker Institute’s list of the 250 Best Managed Companies, Newsweek’s Greatest Places to Work for Diversity, Fortune’s Most Admired Companies, Forbes’ Best Employers for New Grads, and Ethisphere’s Most Ethical Companies List for the sixth consecutive year.

ADVANCING ENVIRONMENTAL SUSTAINABILITY

For the third year in a row, Leidos earned a “B” score from CDP for our commitment to transparency and governance around climate change, ranking above the sector (IT and software development) average and exceeding the North American regional average.We achieved a 7.5% reduction in Scope 1 and 2 emissions in 2022, compared to the 2021 baseline, and increased our renewable electricity utilization from 5.0% in 2021 to more than 8% in 2022.With more than 50 years of environment, energy, and critical infrastructure experience, one of every four Fortune 500® companies is a valued Leidos client. In 2022, we managed $1.48 billion of support to clients across our environmental and energy markets, including nine federal agencies and all five U.S. military branches.Between 2001 and 2022, Leidos provided more than $1.5 billion in energy efficiency savings to industry.Working with our partners, we diverted 194.7 tons of workplace furniture, fixtures, and equipment from landfills and diverted 283,104 pounds of electronics waste from landfills.

PROMOTING HEALTHIER LIVES

Leidos debuted on the inaugural U.S. News Best Companies to Work For list, earning especially high marks on work-life balance.We are deeply committed to improving the lives of our employees and their families. In 2022, we invested more than $3 million in programs and initiatives that enhance and support our employees’ mental and physical well-being.We introduced an upgraded maternity care initiative aimed at bolstering the physical welfare of our mothers and their infants and made substantial enhancements to our assistance for Leidos families by extending the duration of our paid parental leave offering to 4 weeks. This program is for any staff member—of any gender—who wishes to bond with a new eligible dependent.Leidos is a leader in the field of environmental health and safety (EH&S) and places a strong emphasis on EH&S activities both internally and on behalf of our clients. Over the past 5 years, we have achieved injury and illness rates well below the industry average. We have received 55 National Safety Council Awards in the past ten years.We donated approximately $5 million to charitable partners, and our employees contributed approximately 90,000 volunteer hours to a wide variety of company-sponsored and personal causes, including science, technology, engineering, and mathematics (STEM) education; basic needs and wellness; ethics and leadership; and support to our military and intelligence personnel and their families.

We are proud of these programs and the initiatives taken in 2022 to support our employees, the planet, our customers, and our communities.

Read the full report here

CLEVELAND, January 23, 2024 /3BL/ — The KeyBank 2024 Financial Mobility Survey finds that a resounding 66% of Americans would rather work a job they love with a lower paying salary than work a job they hate with a higher paying salary (34%). Simultaneously, a quarter of Americans say they’re spending more and saving less, up from years prior (15% in 2022 and 13% in 2021), and 60% believe we are in or will soon be in a recession—pointing to an environment in which Americans are prioritizing happiness while bracing for economic challenges.

In fact, nearly one third (30%) of survey respondents say they feel daily financial stress related to the cost of living in America, and more than half (59%) are cutting back on nonessential items due to the increasing cost of living. To add, more people would rather share their recent Google search history (57%) than their monthly credit card statement (43%). Still, when asked what ‘Thriving in America’ means to them, 42% chose work life balance.

The survey polled more than 1,000 Americans on their financial, life and work-related priorities and outlook after a year of market volatility and uncertainty. To learn more about the survey’s findings, review the KeyBank 2024 Financial Mobility Survey Executive Summary here.

“We all want to feel fulfilled, and our survey shows that Americans are prioritizing their happiness and personal life over money—but facing inflation, societal shifts and economic uncertainty, many remain concerned about their financial futures,” said Daniel Brown, EVP & Director, Consumer Product Management at KeyBank. “As the everyday cost of living increases, many of us will have to make critical lifestyle and financial decisions in the year ahead for not only ourselves, but also our households—balancing our lives outside of work with our financial needs and habits for the long term.”

As Americans focus on their personal well-being, many are in favor of a “soft-life culture” that defines success based on happiness, contentment, and fulfillment vs. “hustle culture,” which defines success based on wealth, status, and achievement (36% and 28% respectively). Yet, 56% of Gen Z respondents say they currently identify most with a hustle culture—highlighting a generational gap in experiences and priorities.

Highlights include:

Work-life balance is increasingly important. Continuing a trend seen year over year, more Americans say they value work-life balance (63%) over a high-paying salary (27%), compared to 57% and 33% respectively in 2022.Half (51%) of Americans have pulled more money from their savings this year than before. More than three in four (77%) of respondents across all generations believe the cost of living in America has gotten worse, with Boomers leading that feeling (92%).Millennials and Gen Xers are more likely to anticipate a recession in 2024. Of respondents that expect to be in a recession in the next 12 months, more than half (57%) are Millennials or Gen X.Women (35%) are more likely than men (24%) to feel financial stress related to the cost of living in American on a daily basis.Americans are making financial changes to achieve the dream of homeownership. Of those who are in the market for a home, the top step taken to save money for a home is to put away money in a dedicated savings account (43%). Still, 29% of Americans do not own a home and do not plan on purchasing one in the next 12 months. Of those respondents, only 1 in 10 indicate that home ownership is very attainable.

As Americans increasingly aim to strike a balance between professional success, personal fulfillment, and overall financial well-being, KeyBank is here to support them on their journeys. Consumers can access online resources designed to enhance financial confidence and savvy, from the Financial Wellness Center’s Banking 101 curriculum, to the option to schedule a Financial Wellness Review to better understand your financial situation and chart the best path forward.

Methodology

This survey was conducted online by Schmidt Market Research. 1,000 Americans, ages 18-70, with sole or shared responsibility for household financial decisions, who own a checking or savings account, completed the survey in September 2023. The survey asked respondents about their financial attitudes, understanding, awareness and actions over the prior year.

About KeyCorp

KeyCorp’s (NYSE: KEY) roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $188 billion at December 31, 2023.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

CFMA #240108-2393028