Yum China Inaugurates China's First 100% Renewable Energy Cold Chain Logistics Center
- Yum China's logistics center in Nanning is now powered by renewable energy, making it the first carbon-neutral cold chain logistics center in China.
- Yum China plans to achieve net-zero value chain GHG emissions by 2050.
- 70 stores in Zhejiang, Anhui, and Shanxi provinces are expected to transition to green energy by the end of 2023.
- Yum China plans to generate its own power from distributed photovoltaics (DPV) and increase its energy storage capacity.
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Based on the Company's market assessment, Yum China's
"The inauguration of our fully green-powered logistics center in
This milestone complements Yum China's ongoing renewable energy transition efforts in its restaurants and supporting facilities. By the end of 2023, Yum China is estimated to have a total annual green power consumption of about 10 million kWh, encompassing logistics centers and restaurants within the Company's operational control. Roughly 70 stores in
To meet increasing demands for renewable energy in the years to come, Yum China plans to generate its own power from distributed photovoltaics (DPV) while supplementing with green power purchases. By 2025, all newly-built Yum China logistics centers are expected to use solar power generated from rooftop DPVs. Plans are currently underway to install DPVs in the Company's
These efforts collectively illustrate Yum China's steadfast approach to explore and invest in affordable, reliable, and scalable renewable energy opportunities to support its ongoing low-carbon transition.
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 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 our 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
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SOURCE Yum China Holdings, Inc.
FAQ
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