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BEIJING, Jan. 24, 2025 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, was recognized for its outstanding Environmental, Social, and Governance (ESG) performance in the 2024 S&P Global Corporate Sustainability Assessment (CSA). To date, Yiren Digital ranked in the top 17% globally within the Diversified Financial Services and Capital Markets sector.
Among the CSA evaluation criteria, Yiren Digital demonstrated notable advancements in information security, business ethics, risk management, and corporate governance. These improvements reflect the dedicated efforts and substantial progress the Company has made in driving sustainable development this year.
The S&P Global CSA is a world-renowned annual evaluation of a company's sustainability practices. It enables companies to benchmark their performance on a wide range of industry-specific economic, environmental, and social criteria that are relevant to the growing number of sustainability-focused investors and are expected to be financially relevant to corporate success.
Annual ESG Report and Key Achievements
Yiren Digital released its first ESG Report (the "Report") since its listing, showcasing its progress in 2023 and future ESG targets. In the Report, the Company outlined its goal to reduce the average Power Usage Effectiveness (PUE) of its leased data centers to 1.3 by 2024, underscoring its commitment to green finance and sustainability.
Furthermore, in collaboration with leading partners, Yiren Digital also introduced over 100 environmental protection indicators into its risk control model, effectively identifying potential environmental risks of funding applicants. This initiative directs capital toward green initiatives such as environmental protection, energy efficiency improvement, and the development of clean energy.
Integrating ESG Principles into Corporate Strategy
Yiren Digital has seamlessly integrated ESG principles into its corporate strategy and daily operations, emphasizing long-term value creation and social responsibility. The Company promotes environmental sustainability and protection through green finance initiatives and innovative products that accelerate the global transition to renewable energy.
Furthermore, Yiren Digital leverages AI-powered models to unlock new opportunities to transform the industry. By adopting cutting-edge technology and innovative concepts, the Company is simultaneously driving its own growth and revitalizing the broader industry with sustainable initiatives.