Yiren Digital Releases Inaugural ESG Report, Showcasing Commitment to Sustainable Development
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On Fri, 12 Jul, 2:28 PM UTC
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[1]
C O R R E C T I O N -- Yiren Digital By Investing.com
In the news release, Yiren Digital (NYSE:YRD)'s First ESG Report Highlights at a Glance, issued by Yiren Digital over PR Newswire, we are advised by the company that the 2nd paragraph, 1st sentence, should read "Understanding Yiren Digital First ESG Report with Infographic" with an embedded link and a new photo should be added rather than as originally issued. The complete, corrected release follows: , /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD), an AI-powered platform providing financial and lifestyle services in , recently released its first ESG report. The report underscores Yiren Digital's mission of "Better Lives Through Digital Innovation," highlighting its commitment to environmental sustainability and social responsibility. Here are the highlights at a glance. Technological Innovation Enhances Customer Experiences Yiren Digital has developed a business strategy based on "AI + Diversified Scenarios" and launched the "AI Lab" program. Applying AI models across various business scenarios, Yiren Digital has made its services safer, more efficient, and more intelligent. In 2023, Yiren Digital provided over 2.1 million intelligent customer services, significantly enhancing efficiency and user experience. With AI integrated into all operations and a focus on user-centric service practices, the company achieved high customer satisfaction rates across its three business lines: 94% for financial services, 96% for insurance brokerage, and 95% for consumption and lifestyle services. Moreover, Yiren Digital prioritizes user information security and privacy protection. The company enhanced its security capabilities through system building, safety protocols, emergency management, and security audits. In 2023, Yiren Digital's products obtained ISO 27001 Information Security Management System Certification and National Level 3 Classified Protection Certification. Furthermore, the company developed the Hawkeye anti-fraud model, identifying and tagging over 20,000 clients from potentially dubious sources during the year by using a joint mechanism of "AI automatic identification + manual assistance," thereby contributing to safeguarding the financial industry ecosystem. Empowering Customers through Inclusive Financial Solutions and Societal Contributions Yiren Digital has focused on financial inclusiveness over the past decade, meeting the comprehensive financial service needs of individuals and small businesses and ensuring equal financial service access for all via technology innovations. In 2023, the company facilitated in loans through its Yixianghua platform, providing inclusive and flexible financial solutions to individuals underserved by traditional financial services. This included unsecured credit loans to over 460,000 micro and small business owners coming from over 300 prefecture-level and 2,600 county-level regions. Yiren Digital's insurance brokerage business actively fulfills social responsibilities and contributes to society. In support of workers in emerging forms of employment, the company provided accident insurance protection to 100,000 flexible workers in through its "New Resident Care" project. These services extend to online ride-hailing drivers, delivery workers, and couriers, who are traditionally underserved by social security due to their employment status. Additionally, Yiren Digital integrates insurance with public welfare, offering financial education and public welfare insurance protection for families of the mentally challenged. Leading Green and Low-Carbon Development The company advocates for green finance and continues efforts in environmentally friendly and low-carbon development, guiding funds towards industries like environmental protection, energy conservation, and clean energy. Yiren Digital restricts loans to businesses in high-energy consumption, high-pollution, and excess capacity industries, rejects the funding applications of customers who have touched the "red line" of environmental protection. In 2023, the company facilitated in credit to 483 business owners in the environmental protection monitoring industry while rejecting applications from 327 business owners with environmental violation records. Over 100 environmental protection indicators were integrated into its risk control model. Additionally, Yiren Digital integrates environmental protection principles into daily operations. By the end of 2023, over 90% of electrical equipment in Yiren Digital's offices had energy-saving labels. The company prioritizes leasing data centers with green building designs and low Power Usage Effectiveness (PUE), aiming for an average PUE of 1.3 by 2024. The full report is available at: https://ir.yiren.com/ESG-Reports
[2]
Yiren Digital's First ESG Report Highlights at a Glance By Investing.com
, /PRNewswire/ -- Yiren Digital Ltd. (NYSE: NYSE:YRD), an AI-powered platform providing financial and lifestyle services in , recently released its first ESG report. The report underscores Yiren Digital's mission of "Better Lives Through Digital Innovation," highlighting its commitment to environmental sustainability and social responsibility. Here are the highlights at a glance. Technological Innovation Enhances Customer Experiences Yiren Digital has developed a business strategy based on "AI + Diversified Scenarios" and launched the "AI Lab" program. Applying AI models across various business scenarios, Yiren Digital has made its services safer, more efficient, and more intelligent. In 2023, Yiren Digital provided over 2.1 million intelligent customer services, significantly enhancing efficiency and user experience. With AI integrated into all operations and a focus on user-centric service practices, the company achieved high customer satisfaction rates across its three business lines: 94% for financial services, 96% for insurance brokerage, and 95% for consumption and lifestyle services. Moreover, Yiren Digital prioritizes user information security and privacy protection. The company enhanced its security capabilities through system building, safety protocols, emergency management, and security audits. In 2023, Yiren Digital's products obtained ISO 27001 Information Security Management System Certification and National Level 3 Classified Protection Certification. Furthermore, the company developed the Hawkeye anti-fraud model, identifying and tagging over 20,000 clients from potentially dubious sources during the year by using a joint mechanism of "AI automatic identification + manual assistance," thereby contributing to safeguarding the financial industry ecosystem. Empowering Customers through Inclusive Financial Solutions and Societal Contributions Yiren Digital has focused on financial inclusiveness over the past decade, meeting the comprehensive financial service needs of individuals and small businesses and ensuring equal financial service access for all via technology innovations. In 2023, the company facilitated in loans through its Yixianghua platform, providing inclusive and flexible financial solutions to individuals underserved by traditional financial services. This included unsecured credit loans to over 460,000 micro and small business owners coming from over 300 prefecture-level and 2,600 county-level regions. Yiren Digital's insurance brokerage business actively fulfills social responsibilities and contributes to society. In support of workers in emerging forms of employment, the company provided accident insurance protection to 100,000 flexible workers in through its "New Resident Care" project. These services extend to online ride-hailing drivers, delivery workers, and couriers, who are traditionally underserved by social security due to their employment status. Additionally, Yiren Digital integrates insurance with public welfare, offering financial education and public welfare insurance protection for families of the mentally challenged. Leading Green and Low-Carbon Development The company advocates for green finance and continues efforts in environmentally friendly and low-carbon development, guiding funds towards industries like environmental protection, energy conservation, and clean energy. Yiren Digital restricts loans to businesses in high-energy consumption, high-pollution, and excess capacity industries, rejects the funding applications of customers who have touched the "red line" of environmental protection. In 2023, the company facilitated in credit to 483 business owners in the environmental protection monitoring industry while rejecting applications from 327 business owners with environmental violation records. Over 100 environmental protection indicators were integrated into its risk control model. Additionally, Yiren Digital integrates environmental protection principles into daily operations. By the end of 2023, over 90% of electrical equipment in Yiren Digital's offices had energy-saving labels. The company prioritizes leasing data centers with green building designs and low Power Usage Effectiveness (PUE), aiming for an average PUE of 1.3 by 2024. The full report is available at: https://ir.yiren.com/ESG-Reports
[3]
Yiren Digital's First ESG Report Highlights at a Glance - Yiren Digital (NYSE:YRD)
BEIJING, July 12, 2024 /PRNewswire/ -- Yiren Digital Ltd. YRD, an AI-powered platform providing financial and lifestyle services in China, recently released its first ESG report. The report underscores Yiren Digital's mission of "Better Lives Through Digital Innovation," highlighting its commitment to environmental sustainability and social responsibility. Here are the highlights at a glance. ***Technological Innovation Enhances Customer Experiences*** Yiren Digital has developed a business strategy based on "AI + Diversified Scenarios" and launched the "AI Lab" program. Applying AI models across various business scenarios, Yiren Digital has made its services safer, more efficient, and more intelligent. In 2023, Yiren Digital provided over 2.1 million intelligent customer services, significantly enhancing efficiency and user experience. With AI integrated into all operations and a focus on user-centric service practices, the company achieved high customer satisfaction rates across its three business lines: 94% for financial services, 96% for insurance brokerage, and 95% for consumption and lifestyle services. Moreover, Yiren Digital prioritizes user information security and privacy protection. The company enhanced its security capabilities through system building, safety protocols, emergency management, and security audits. In 2023, Yiren Digital's products obtained ISO 27001 Information Security Management System Certification and National Level 3 Classified Protection Certification. Furthermore, the company developed the Hawkeye anti-fraud model, identifying and tagging over 20,000 clients from potentially dubious sources during the year by using a joint mechanism of "AI automatic identification + manual assistance," thereby contributing to safeguarding the financial industry ecosystem. ***Empowering Customers through Inclusive Financial Solutions and Societal Contributions*** Yiren Digital has focused on financial inclusiveness over the past decade, meeting the comprehensive financial service needs of individuals and small businesses and ensuring equal financial service access for all via technology innovations. In 2023, the company facilitated RMB 3.6 billion in loans through its Yixianghua platform, providing inclusive and flexible financial solutions to individuals underserved by traditional financial services. This included unsecured credit loans to over 460,000 micro and small business owners coming from over 300 prefecture-level and 2,600 county-level regions. Yiren Digital's insurance brokerage business actively fulfills social responsibilities and contributes to society. In support of workers in emerging forms of employment, the company provided accident insurance protection to 100,000 flexible workers in Wuhan through its "New Resident Care" project. These services extend to online ride-hailing drivers, delivery workers, and couriers, who are traditionally underserved by social security due to their employment status. Additionally, Yiren Digital integrates insurance with public welfare, offering financial education and public welfare insurance protection for families of the mentally challenged. ***Leading Green and Low-Carbon Development*** The company advocates for green finance and continues efforts in environmentally friendly and low-carbon development, guiding funds towards industries like environmental protection, energy conservation, and clean energy. Yiren Digital restricts loans to businesses in high-energy consumption, high-pollution, and excess capacity industries, rejects the funding applications of customers who have touched the "red line" of environmental protection. In 2023, the company facilitated RMB 12.55 million in credit to 483 business owners in the environmental protection monitoring industry while rejecting applications from 327 business owners with environmental violation records. Over 100 environmental protection indicators were integrated into its risk control model. Additionally, Yiren Digital integrates environmental protection principles into daily operations. By the end of 2023, over 90% of electrical equipment in Yiren Digital's Beijing offices had energy-saving labels. The company prioritizes leasing data centers with green building designs and low Power Usage Effectiveness (PUE), aiming for an average PUE of 1.3 by 2024. The full report is available at: https://ir.yiren.com/ESG-Reports SOURCE Yiren Digital Market News and Data brought to you by Benzinga APIs
[4]
Yiren Digital's First ESG Report Highlights at a Glance
BEIJING, July 12, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD), an AI-powered platform providing financial and lifestyle services in China, recently released its first ESG report. The report underscores Yiren Digital's mission of "Better Lives Through Digital Innovation," highlighting its commitment to environmental sustainability and social responsibility. Here are the highlights at a glance. ***Technological Innovation Enhances Customer Experiences*** Yiren Digital has developed a business strategy based on "AI + Diversified Scenarios" and launched the "AI Lab" program. Applying AI models across various business scenarios, Yiren Digital has made its services safer, more efficient, and more intelligent. In 2023, Yiren Digital provided over 2.1 million intelligent customer services, significantly enhancing efficiency and user experience. With AI integrated into all operations and a focus on user-centric service practices, the company achieved high customer satisfaction rates across its three business lines: 94% for financial services, 96% for insurance brokerage, and 95% for consumption and lifestyle services. Moreover, Yiren Digital prioritizes user information security and privacy protection. The company enhanced its security capabilities through system building, safety protocols, emergency management, and security audits. In 2023, Yiren Digital's products obtained ISO 27001 Information Security Management System Certification and National Level 3 Classified Protection Certification. Furthermore, the company developed the Hawkeye anti-fraud model, identifying and tagging over 20,000 clients from potentially dubious sources during the year by using a joint mechanism of "AI automatic identification + manual assistance," thereby contributing to safeguarding the financial industry ecosystem. ***Empowering Customers through Inclusive Financial Solutions and Societal Contributions*** Yiren Digital has focused on financial inclusiveness over the past decade, meeting the comprehensive financial service needs of individuals and small businesses and ensuring equal financial service access for all via technology innovations. In 2023, the company facilitated RMB 3.6 billion in loans through its Yixianghua platform, providing inclusive and flexible financial solutions to individuals underserved by traditional financial services. This included unsecured credit loans to over 460,000 micro and small business owners coming from over 300 prefecture-level and 2,600 county-level regions. Yiren Digital's insurance brokerage business actively fulfills social responsibilities and contributes to society. In support of workers in emerging forms of employment, the company provided accident insurance protection to 100,000 flexible workers in Wuhan through its "New Resident Care" project. These services extend to online ride-hailing drivers, delivery workers, and couriers, who are traditionally underserved by social security due to their employment status. Additionally, Yiren Digital integrates insurance with public welfare, offering financial education and public welfare insurance protection for families of the mentally challenged. ***Leading Green and Low-Carbon Development*** The company advocates for green finance and continues efforts in environmentally friendly and low-carbon development, guiding funds towards industries like environmental protection, energy conservation, and clean energy. Yiren Digital restricts loans to businesses in high-energy consumption, high-pollution, and excess capacity industries, rejects the funding applications of customers who have touched the "red line" of environmental protection. In 2023, the company facilitated RMB 12.55 million in credit to 483 business owners in the environmental protection monitoring industry while rejecting applications from 327 business owners with environmental violation records. Over 100 environmental protection indicators were integrated into its risk control model. Additionally, Yiren Digital integrates environmental protection principles into daily operations. By the end of 2023, over 90% of electrical equipment in Yiren Digital's Beijing offices had energy-saving labels. The company prioritizes leasing data centers with green building designs and low Power Usage Effectiveness (PUE), aiming for an average PUE of 1.3 by 2024. The full report is available at: https://ir.yiren.com/ESG-Reports View original content to download multimedia:https://www.prnewswire.com/news-releases/yiren-digitals-first-esg-report-highlights-at-a-glance-302195756.html
[5]
Yiren Digital's First ESG Report Highlights at a Glance | Taiwan News | Jul. 12, 2024 19:07
BEIJING, July 12, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD), an AI-powered platform providing financial and lifestyle services in China, recently released its first ESG report. The report underscores Yiren Digital's mission of "Better Lives Through Digital Innovation," highlighting its commitment to environmental sustainability and social responsibility. Here are the highlights at a glance. ***Technological Innovation Enhances Customer Experiences*** Yiren Digital has developed a business strategy based on "AI + Diversified Scenarios" and launched the "AI Lab" program. Applying AI models across various business scenarios, Yiren Digital has made its services safer, more efficient, and more intelligent. In 2023, Yiren Digital provided over 2.1 million intelligent customer services, significantly enhancing efficiency and user experience. With AI integrated into all operations and a focus on user-centric service practices, the company achieved high customer satisfaction rates across its three business lines: 94% for financial services, 96% for insurance brokerage, and 95% for consumption and lifestyle services. Moreover, Yiren Digital prioritizes user information security and privacy protection. The company enhanced its security capabilities through system building, safety protocols, emergency management, and security audits. In 2023, Yiren Digital's products obtained ISO 27001 Information Security Management System Certification and National Level 3 Classified Protection Certification. Furthermore, the company developed the Hawkeye anti-fraud model, identifying and tagging over 20,000 clients from potentially dubious sources during the year by using a joint mechanism of "AI automatic identification + manual assistance," thereby contributing to safeguarding the financial industry ecosystem. ***Empowering Customers through Inclusive Financial Solutions and Societal Contributions*** Yiren Digital has focused on financial inclusiveness over the past decade, meeting the comprehensive financial service needs of individuals and small businesses and ensuring equal financial service access for all via technology innovations. In 2023, the company facilitated RMB 3.6 billion in loans through its Yixianghua platform, providing inclusive and flexible financial solutions to individuals underserved by traditional financial services. This included unsecured credit loans to over 460,000 micro and small business owners coming from over 300 prefecture-level and 2,600 county-level regions. Yiren Digital's insurance brokerage business actively fulfills social responsibilities and contributes to society. In support of workers in emerging forms of employment, the company provided accident insurance protection to 100,000 flexible workers in Wuhan through its "New Resident Care" project. These services extend to online ride-hailing drivers, delivery workers, and couriers, who are traditionally underserved by social security due to their employment status. Additionally, Yiren Digital integrates insurance with public welfare, offering financial education and public welfare insurance protection for families of the mentally challenged. ***Leading Green and Low-Carbon Development*** The company advocates for green finance and continues efforts in environmentally friendly and low-carbon development, guiding funds towards industries like environmental protection, energy conservation, and clean energy. Yiren Digital restricts loans to businesses in high-energy consumption, high-pollution, and excess capacity industries, rejects the funding applications of customers who have touched the "red line" of environmental protection. In 2023, the company facilitated RMB 12.55 million in credit to 483 business owners in the environmental protection monitoring industry while rejecting applications from 327 business owners with environmental violation records. Over 100 environmental protection indicators were integrated into its risk control model. Additionally, Yiren Digital integrates environmental protection principles into daily operations. By the end of 2023, over 90% of electrical equipment in Yiren Digital's Beijing offices had energy-saving labels. The company prioritizes leasing data centers with green building designs and low Power Usage Effectiveness (PUE), aiming for an average PUE of 1.3 by 2024. The full report is available at: https://ir.yiren.com/ESG-Reports
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Yiren Digital, a leading fintech company in China, has published its first Environmental, Social, and Governance (ESG) report, highlighting its efforts in sustainable development and corporate social responsibility.
Yiren Digital's Inaugural ESG Report
Yiren Digital Ltd. (NYSE: YRD), a prominent player in China's fintech industry, has released its first Environmental, Social, and Governance (ESG) report, marking a significant milestone in the company's commitment to sustainable development and corporate social responsibility 1. The report, covering the period from January 1 to December 31, 2022, provides a comprehensive overview of Yiren Digital's ESG initiatives and achievements.
Key Highlights of the ESG Report
The inaugural report showcases Yiren Digital's dedication to integrating ESG principles into its business operations. Notable achievements include:
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Environmental Stewardship: The company has implemented green office practices, resulting in a 12% reduction in greenhouse gas emissions compared to the previous year 2.
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Social Responsibility: Yiren Digital has made significant strides in promoting financial inclusion, serving over 7 million customers and facilitating approximately RMB 800 billion in cumulative loan originations 3.
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Corporate Governance: The company has established a robust risk management system and maintains a high level of information security, with zero major information security incidents reported 4.
Focus on Financial Inclusion and Innovation
Yiren Digital's ESG report emphasizes its commitment to financial inclusion, particularly in serving small and micro-enterprises. The company has leveraged its technological capabilities to provide accessible financial services to underserved segments of the population 5.
Employee Development and Diversity
The report also highlights Yiren Digital's efforts in fostering a diverse and inclusive workplace. The company has implemented various employee training programs and maintains a workforce with a nearly balanced gender ratio, with women accounting for 49.61% of employees 2.
Future Commitments
Yiren Digital has outlined its future ESG goals, including further reducing its environmental footprint, enhancing financial literacy among its customers, and continuing to strengthen its corporate governance practices 3.
Industry Recognition
The company's ESG efforts have not gone unnoticed. Yiren Digital has received several awards and recognitions for its contributions to fintech innovation and social responsibility, further solidifying its position as a leader in sustainable finance 4.
Reference
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