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Tuesday, January 31, 2023

Yum China (NYSE: YUMC) Earned Recognition in Bloomberg Gender-Equality Index

Yum China Holdings, Inc. (NYSE: YUMC) disclosed that it has earned a reputation in the Bloomberg Gender-Equality Index (GEI). This is the fourth straight year of the company being recognized by GEI. Gender-Equality Index is a modified market capitalization-weighted index that seeks to monitor the performance of public companies pledged to openness in gender-data reporting.

The Gender-Equality Index (GEI) assesses gender equality in five areas. The areas include:

  • Female Leadership and Talent Pipeline
  • Equal Pay and Pay Parity
  • Inclusive Culture
  • Anti-sexual Harassment Policies
  • Pro-women Brand

Yum China received an above-average aggregate ranking of 78.2 in the 2022 GEI. The company excelled in Female leadership and talent pipeline, equal pay and gender pay equity, and anti-sexual harassment measures.  In addition, Yum China is the signer of the United Nations Women’s Empowerment Principles (WEPs). It has vowed to fulfill its principle of non-discrimination in the workplace.

Yum China continues to be a leader in the restaurant sector when it comes to encouraging gender diversity. The company is run by a female CEO. Moreover, women make up 30% of the board of directors. Yum China hired around 290,000 women by the end of the fiscal year 2021. It represents 64.7 percent of the overall workforce.

There are 418 firms in the GEI for 2022, encompassing 45 nations and regions. Yum China is one of only three mainland Chinese enterprises included in the most recent GEI. Yum China believes that bringing together people from different backgrounds creates additional value and brings innovation.

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