#Sustainability #China #Beijing #Yiren Digital #ESG Performance

Yiren Digital Achieves Top ESG Ranking in 2024

Yiren Digital Ltd. (NYSE: YRD), a leading AI-driven platform in China, has been recognized for its impressive performance in Environmental, Social, and Governance (ESG). The company ranks in the top 17% globally for the diversified financial services and capital markets sector according to the 2024 S&P Global Corporate Sustainability Assessment (CSA). 

Commitment to Sustainability

The S&P Global CSA evaluates companies on various sustainability practices, helping them measure their performance against industry-specific economic, environmental, and social criteria. Yiren Digital made significant strides in key areas such as information security, business ethics, risk management, and corporate governance. These efforts highlight the company's commitment to sustainable development, which is increasingly important to investors focused on ESG criteria. 

Annual ESG Report Highlights

Recently, Yiren Digital released its first-ever ESG Report since going public, detailing its achievements throughout the year and setting ambitious future goals. The report showcases the company's commitment to reducing the average Power Usage Effectiveness (PUE) of its rented data centers to 1.3 by 2024, reflecting its focus on green finance and wider sustainability objectives.

To enhance its risk management model, Yiren Digital collaborated with top partners to incorporate over 100 environmental protection indicators, effectively identifying potential environmental risks from funding applicants. This strategic move aims to steer capital towards environmentally friendly initiatives, including clean energy projects. 

Integration of ESG Principles

Yiren Digital seamlessly incorporates ESG principles into its corporate strategy and everyday operations, focusing on long-term value creation alongside social responsibility. The company actively promotes environmental sustainability via its green finance initiatives and innovative products, driving progress toward a global shift to renewable energy. 

With the application of AI-driven technologies, Yiren Digital is not only fostering growth within its operations but is also encouraging wider industry transformation with sustainable initiatives. This transformation is supported by a sound ESG governance framework that strengthens compliance with local regulations and enhances risk management processes. 

Recognition for ESG Commitment

Yiren Digital's dedication to ESG initiatives has not gone unnoticed. The enterprise received the