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   <title>Cautionary Note: Forward-Looking Statements and Factors Affecting Results - Yum China</title>
   <updated>2023-07-05T11:42:00+02:00</updated>
   <id>https://www.dailycsr.com/Cautionary-Note-Forward-Looking-Statements-and-Factors-Affecting-Results-Yum-China_a2885.html</id>
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   <published>2023-07-05T11:38:00+02:00</published>
   <author><name>Debashish Mukherjee</name></author>
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      <div style="text-align: justify;">Yum China Holdings, Inc. recently held a Public Welfare Awareness Event in Hangzhou, during which KFC China announced the expansion of its corporate social responsibility (CSR) initiatives. These initiatives cover various areas, including support for the disadvantaged, environmental preservation, and food waste reduction. The event was attended by Guo Jingjing, Olympic Champion and KFC China's first Goodwill Ambassador. <br />  &nbsp; <br />  According to Joey Wat, CEO of Yum China, giving back to society is deeply ingrained in their culture. They actively support causes that have a positive impact on the communities they serve. Their goal is to create a platform that inspires people to unite with a shared purpose and make a difference in their community. <br />  &nbsp; <br />  Warton Wang, General Manager of KFC China, stated that KFC China will utilize its extensive restaurant network to further its social responsibility initiatives. They will particularly focus on supporting the disadvantaged, promoting sustainability and climate action, and advocating for healthy lifestyles. <br />  &nbsp; <br />  During the event, KFC China announced the following expanded CSR initiatives: <br />  &nbsp;</div>    <ul>  	<li style="text-align: justify;">The "KFC Little Migratory Bird Fund," a collaboration between KFC China and the China Children and Teenagers' Fund, will undergo significant enhancements. The fund aims to provide increased support for underprivileged children facing challenges such as poverty and disabilities. Since 2016, the fund has been promoting the physical and mental development of left-behind children through reading, sports, and arts activities nationwide. By the end of 2024, KFC China aims to offer financial assistance to 1,000 children and organize 200 caring and companionship activities.</li>  </ul>    <ul>  	<li style="text-align: justify;">KFC China introduced a reusable serving basket made from coffee grounds, derived from KFC's operations, to promote climate action. Initially available in 1,500 KFC restaurants across Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou, the baskets will gradually be introduced in all restaurants nationwide. Additionally, KFC China is committed to introducing more carbon-neutral products through forest planting initiatives in key areas, supporting environmental protection and restoration.</li>  </ul>    <ul>  	<li style="text-align: justify;">KFC China will expand its Food Bank Program, which redistributes surplus food from its stores for free. By the end of 2023, the program aims to be available in over 700 stores across more than 100 cities, doubling its reach from the previous year. This program helps reduce food waste and greenhouse gas emissions.</li>  </ul>    <div style="text-align: justify;">&nbsp;</div>    <ul>  	<li style="text-align: justify;">KFC China has introduced an "Angel Restaurant" in Hangzhou, which is also the host city for the 19th Asian Games and 4th Asian Para Games. The company will handpick exceptional "Angel Employees" from these restaurants to form a dedicated service team for the Asian Games. The initiative aims to create an inclusive and welcoming workplace for individuals with special needs. Currently, KFC China operates 36 "Angel Restaurants" in 32 cities, employing over 200 individuals with special needs annually. These restaurants are equipped with upgraded visual devices and customized learning materials to enhance the working environment for the "Angel Employees."</li>  </ul>    <div style="text-align: justify;">&nbsp; <br />  Throughout its 36 years in mainland China, KFC China has maintained a strong commitment to social responsibility. With a vast network of over 9,200 stores across 1,800 cities, the company strives to leverage its extensive reach as a powerful platform for engagement. Its focus is on supporting the disadvantaged, environmental protection, and fostering a more compassionate society. <br />  &nbsp; <br />  Please note: The provided text contains a section that appears to be a legal disclaimer and forward-looking statements, which I have omitted from the reworded version. <br />  &nbsp; <br />  The information contained in forward-looking statements should be considered with caution as they are subject to known and unknown risks and uncertainties that can affect actual results or events. We cannot guarantee that our expectations, estimates, or assumptions will be realized. <br />  &nbsp; <br />  The forward-looking statements in this press release are valid only as of the date of this release, and we have no obligation to update them publicly except as required by law. Various factors, including those beyond our control, may cause actual results or events to differ materially from what is expressed or implied in the forward-looking statements. These factors include our ability to meet development goals as planned, the success of our marketing campaigns and product innovations, maintaining food safety and quality control systems, changes in public health conditions like the COVID-19 pandemic, controlling costs and expenses including taxes, as well as changes in political, economic, and regulatory conditions in China. <br />  &nbsp; <br />  Additionally, there may be other risks and uncertainties that are not currently known or considered significant, which could impact the accuracy of these forward-looking statements. To gain a more comprehensive understanding of these factors, it is advisable to review our filings with the Securities and Exchange Commission, including the sections titled "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.</div>  
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   <title>GSK Presents Its ‘Responsible Business Supplement’ For 2016</title>
   <updated>2017-04-30T22:45:00+02:00</updated>
   <id>https://www.dailycsr.com/GSK-Presents-Its-Responsible-Business-Supplement-For-2016_a1042.html</id>
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   <published>2017-04-30T22:44:00+02:00</published>
   <author><name>Lorene Stevens</name></author>
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GSK continues to operate responsibly and sharing its progress with the world.     <div style="position:relative; float:left; padding-right: 1ex;">
      <img src="https://www.dailycsr.com/photo/art/default/12851422-19686128.jpg?v=1493585119" alt="GSK Presents Its ‘Responsible Business Supplement’ For 2016" title="GSK Presents Its ‘Responsible Business Supplement’ For 2016" />
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      <div style="text-align: justify;">Dailycsr.com – 30 April 2017 – GSK has come with its “Responsible Business Supplement” updates on its performance over twenty three “responsible business commitments”, that are spread across “four key focus areas”, namely Health for all, Our behaviour, Our people and Our planet”. Moreover, it comes in additional to GSK’s Annual Report that enlists its “approach to responsible business”. As GSK adds: <br />  “By being commercially successful and operating responsibly, we will improve people’s health and benefit society, as well as create value for shareholders”. <br />  &nbsp; <br />  In the words of the C.E.O at GSK, Sir Andrew Witty: <br />  “GSK has a strong commitment to operating responsibly and playing our part in meeting some of society’s biggest healthcare challenges. <br />  &nbsp;Over the last decade, this has been seen in our commitment to place access to medicines at the centre of our business approach, in our innovation focused on diseases that impact the poorest countries – such as malaria – and in the changes we have made to our commercial model and sales and marketing practices.” <br />  &nbsp; <br />  While, BSR’s C.E.O and the President, Aron Cramer, stated: <br />  “GSK’s Responsible Business Supplement 2016 is a strong statement of its intentions, actions and achievements. <br />  One of its signal accomplishments is the clear link between GSK’s business strategy and the central public health issues the strategy is designed to address.” <br />  &nbsp; <br />  Here are the highlights of GSK’s 2016 responsible business:</div>    <ul>  	<li style="text-align: justify;">Topped Fortune’s Change the World list and ranked first in the Access to Medicine Index for the fifth consecutive time</li>  	<li style="text-align: justify;">Expanded our graduated approach to filing and enforcing patents to ensure we balance the need to protect our intellectual property with a country’s economic maturity.</li>  	<li style="text-align: justify;">Proposed the creation of a permanent ‘biopreparedness organisation’ to develop vaccines for major global health threats of the future.</li>  	<li style="text-align: justify;">Committed to supply our essential vaccines at our lowest price to internationally recognised civil society organisations supporting refugees in response to the humanitarian crisis</li>  	<li style="text-align: justify;">Continued to use our 70 years’ experience in antibiotics to tackle resistance; opened the Institute for Infectious Diseases and Public Health in China to address local health threats posed by antibiotic resistance and infectious diseases.</li>  	<li style="text-align: justify;">Received confirmation from the World Health Organization that funding has been committed to enable pilot implementation of our RTS,S malaria vaccine in three settings in&nbsp; sub-Saharan Africa.</li>  	<li style="text-align: justify;">Ensured 1.3 million children received life-saving treatments in 2016 through our pioneering partnership with Save the Children.</li>  	<li style="text-align: justify;">Stopped paying healthcare professionals (HCPs) to speak to other prescribers about our prescription medicines and vaccines, effective January 2016.</li>  	<li style="text-align: justify;">Provided unprecedented access to preventive healthcare to almost 100,000 employees and family members in developing markets through our Partnership for Prevention (P4P) programme.</li>  	<li style="text-align: justify;">Reduced our direct carbon emissions (scope 1 and 2) by 18% since 2010, through a continued focus on energy efficiency, renewable energy and investment in sustainable buildings.</li>  </ul>    <div style="text-align: justify;">&nbsp; <br />  &nbsp; <br />  &nbsp; <br />  &nbsp; <br />  <strong>References:</strong> <br />  <a class="link" href="http://www.ethicalperformance.com/">http://www.ethicalperformance.com</a> </div>  
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   <title>BAE System Takes An ‘Integrated Approach’ Towards Its CSR Report 2016</title>
   <updated>2017-04-30T20:19:00+02:00</updated>
   <id>https://www.dailycsr.com/BAE-System-Takes-An-Integrated-Approach-Towards-Its-CSR-Report-2016_a1037.html</id>
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   <published>2017-04-30T20:15:00+02:00</published>
   <author><name>Lorene Stevens</name></author>
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Catch the highlights of BAE’s 2016 Corporate Social Responsibility Report.     <div style="position:relative; float:left; padding-right: 1ex;">
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      <div style="text-align: justify;">Dailycsr.com – 30 April 2017 – BAE Systems is proud of their work and the way they execute them, right from the developmental stage of its “innovative products and services” to providing the customers with “the best possible service”, besides “investing” in its employees and the “future workforce”. <br />  &nbsp; <br />  At BAE Systems the annual report takes on an “integrated approach” detailing its CSR engagements and performance. The report for the year of 2016, charts out the progress made by the company on its “CR agenda”, while retaining the focus on the strategic decisions and key area performance that include “business conduct, safety, diversity and inclusion, environmental sustainability and community investment”. <br />  &nbsp; <br />  Moreover, the report also gives “a clear statement” about BAE’s future intentions of continuous improvement in the above mentioned areas. Here are the highlights of the report, as mentioned by Ethical Performance:</div>    <ul>  	<li style="text-align: justify;">Continued progress in engaging employees and developing the company’s ethics programme</li>  	<li style="text-align: justify;">Our approach to embedding safety across the company’s operations so that all employees understand the importance of a safe workplace</li>  	<li style="text-align: justify;">Progress in developing a diversity and inclusion strategy to help us build a workforce that more closely reflects the diversity of the local population in each of our key markets</li>  	<li style="text-align: justify;">Our commitment to reducing the environmental impact of our operations</li>  	<li style="text-align: justify;">Globally, we and our employees, through the Community Investment programme, contributed more than £11m during 2016 to local, national and international charities, and not-for-profit organisations.</li>  </ul>    <div style="text-align: justify;">&nbsp; <br />  &nbsp; <br />  &nbsp; <br />  <strong>References:</strong> <br />  ethicalperformance.com&nbsp;</div>  
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   <title>John Lewis Partnership Shares Its Sustainability Performance</title>
   <updated>2016-05-02T17:43:00+02:00</updated>
   <id>https://www.dailycsr.com/John-Lewis-Partnership-Shares-Its-Sustainability-Performance_a664.html</id>
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   <published>2016-05-02T17:42:00+02:00</published>
   <author><name>Lorene Stevens</name></author>
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The John Lewis Partnership continues to work in the areas of social, environmental and commercial issues under sustainable approaches.     <div style="position:relative; float:left; padding-right: 1ex;">
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      <div style="text-align: justify;">Dailycsr.com – 02 May 2016 – The annual reports 2016 of John Lewis Partnership has been made public. The same accounts for its “sustainability performance” in a review and also provides a “more detailed” report online. <br />  &nbsp; <br />  The said report extrapolates a situation of the world into the year of 2028, which marks a century of the “Partnership’s Founder, John Spedan Lewis, took over the business” who inherited the same from his father. After John Spedan Lewis took charge of the situation, he transferred the company’s ownership to “a trust for the benefit of his staff”. <br />  &nbsp; <br />  The trends enlisted as a result of the extrapolation shows a technology boost, besides mitigating “resource scarcity” and battling the social impacts of “climate change, and health and wealth inequality”. Moreover, the report also considers the impacts on the “workplace and the retail environment” caused by the above mentioned areas. <br />  &nbsp; <br />  The said report, dealing with “material sustainability issues”, the company’s “targets, priorities and achievements” in the fiscal year of 2015-2016, is available on: <br />  <a class="link" href="http://www.johnlewispartnership.co.uk/csr">www.johnlewispartnership.co.uk/csr</a>  &nbsp; <br />  &nbsp; <br />  The same also reflects the meaning of the trend embraced within the company’s business operations, whereby it underpins: <br />  “...its approach to Responsible Business is its Constitution – a set of Rules and Principles first produced in 1928 by its Founder”.&nbsp; <br />  &nbsp; <br />  The set of rules touches upon the areas of responsibilities towards “customers, suppliers, the environment and communities”, while the “Principle 1” deal with the “‘the happiness’ of its employees or ‘Partners’”. Here are some of the key sustainability achievements acquired by the Partnership:</div>    <ul>  	<li style="text-align: justify;">“Investment of £12,225,309 in community organisations, equivalent to 4% of pre-tax profits</li>  	<li style="text-align: justify;">“The Waitrose Foundation celebrated its 10th year, having reached over 100,000 people in its Waitrose’s fresh produce supply chains and launched a first-of-its kind partnership with the Fairtrade Foundation</li>  	<li style="text-align: justify;">“Over 3,000 schools, nurseries and children’s groups registered with John Lewis’s flagship educational programme – Bringing Skills to Life</li>  	<li style="text-align: justify;">“Reduced energy consumption per ft2 of trading floor area by 5%</li>  	<li style="text-align: justify;">“Reduced Waitrose’s refrigeration emissions by 17.5%</li>  	<li style="text-align: justify;">“Reduced Waitrose’s total food waste generated by 11.2%</li>  	<li style="text-align: justify;">“Achieved its target to divert 98% of our operational waste from landfill and increased recycling to 66.4%</li>  	<li style="text-align: justify;">“Focused on lowering sugar content of soft drinks</li>  	<li style="text-align: justify;">“Awarded MSC Best Fish Counter for the second year</li>  	<li style="text-align: justify;">“Awarded Compassion in World Farming Retailer of the Year Award (EU) for the fifth time</li>  	<li style="text-align: justify;">“Completed a detailed review of its approach to Human Rights in its supply chains and produced its inaugural human rights report – available on the site</li>  	<li style="text-align: justify;">“91,500 Partners (employees) received a Bonus of 10% - equivalent to more than 5 weeks’ pay</li>  	<li style="text-align: justify;">“Expanded the company’s diversity networks to encompass: Pride in the Partnership (the LGBT+); Faith and Belief; Unity (Black and Minority Ethnic); and TEN: Think Evolve Network (gender)”</li>  </ul>    <div style="text-align: justify;">&nbsp; <br />  In order to strengthen its governance, the Partnership “appointment” a subcommittee under the board, named “the Corporate Responsibility Committee”. A non-executive director has been assigned at the chair committee’s position. The committee will advice the board in issues related to the “Partnership’s Corporate Responsibility Policy and objectives”. <br />  &nbsp; <br />  Moreover, Dame Fiona Reynolds has also become a part of the committee, whereby she stated: <br />  "I am delighted to have been selected to join the Committee and I look forward to working with the Partnership on these vitally important issues". <br />  &nbsp; <br />  <strong>References:</strong> <br />  <a class="link" href="http://www.ethicalperformance.com/">http://www.ethicalperformance.com/</a> </div>  
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   <title>‘Sharing Beauty With All’ – A Responsible Approach Of L’Oréal</title>
   <updated>2016-04-28T16:07:00+02:00</updated>
   <id>https://www.dailycsr.com/Sharing-Beauty-With-All-A-Responsible-Approach-Of-L-Oreal_a644.html</id>
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   <published>2016-04-28T16:06:00+02:00</published>
   <author><name>Lorene Stevens</name></author>
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The year of 2015 marks a “milestone” year for L’Oréal in its sustainable aims.     <div style="position:relative; float:left; padding-right: 1ex;">
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      <div style="text-align: justify;">Dailycsr.com – 28 April 2016 - L’Oréal has come up with its “sustainability program” report for the year of 2015, under the title of “Sharing Beauty With All” which enlists company’s “ambitious commitments” scheduled to be fulfilled by the year of 2020. <br />  &nbsp; <br />  Among some of the “important” progresses made by the Group of L’Oréal are, as mentioned by Ethicalperformance:</div>    <ul>  	<li style="text-align: justify;">74% of L’Oréal products launched in 2015 have an improved environmental or social profile.</li>  	<li style="text-align: justify;">In 2015, several brands launched products with formulas offering a level of biodegradability between 97 and 99%, including Garnier Ultra Doux Mythical Olive body lotion, Kérastase Fusio-Dose Booster Discipline, Ushuaïa Hibiscus Bio deodorant, Armani Men Master Cleanser and Vichy After-Sun Shower Oil.</li>  	<li style="text-align: justify;">CO2 emissions of production decreased by 56% in absolute terms (vs -50.2% in 2014), despite a production increase of 26%, from a 2005 baseline.</li>  	<li style="text-align: justify;">66.6% of L’Oréal’s brands evaluated the environmental or social profile of their products (vs 22% in 2014)</li>  	<li style="text-align: justify;">More than 60 600 people from underprivileged communities had access to work through a L’Oréal program.</li>  </ul>    <div style="text-align: justify;">&nbsp; <br />  In the words of the chief sustainability officer at L’Oréal, Alexandra Palt: <br />  “The mobilization of all L’Oréal teams allowed us to roll out the Sharing Beauty with All program worldwide on a solid basis. We will now move to an acceleration phase to achieve our targets by 2020”. <br />  &nbsp; <br />  The year of 2015 marked a “milestone” for the company in fighting “against climate change” as it has formed part in the “signing of a historic agreement at the COP 21”. L’Oréal recognises the urgent need of taking steps to transform “societies into low-carbon economies”. <br />  &nbsp; <br />  The Group of L’Oreal made an announcement wherein it stated that the company was aiming to turn itself into a “carbon-balanced” company by the year of 2020. It has plans of generating “carbon gains through its sustainable sourcing projects” in proportion to the “amount of incompressible greenhouse gas emissions” that is produced as a result of L’Oreal’s “industrial activities”. <br />  &nbsp; <br />  The report of Sharing Beauty With All was launched in the year of 2013 which gives the details of the value chains integrated into the operations of L’Oréal which bases itself on four main ideas:</div>    <ul>  	<li style="text-align: justify;">Innovating sustainably, to reduce the environmental footprint of products and formulas;</li>  	<li style="text-align: justify;">Producing sustainably, to reduce the environmental footprint of plants and distribution centers;</li>  	<li style="text-align: justify;">Living sustainably, to empower consumers to make sustainable choices;</li>  	<li style="text-align: justify;">Developing sustainably, by sharing growth with internal and external stakeholders (communities, suppliers and employees);</li>  </ul>    <div style="text-align: justify;">&nbsp; <br />  The annual report of L’Oréal that gives a description of the progresses made by the company in “key performance” areas goes through a review and also faces a challenge of “a panel of independent international experts”. <br />  &nbsp; <br />  <strong>References:</strong> <br />  <a class="link" href="http://www.ethicalperformance.com/">http://www.ethicalperformance.com/</a> </div>  
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