Yiren Digital Prioritizes Sustainability and Social Impact Through ESG Initiatives and Innovation
- Yiren Digital will release its annual ESG report on June 24, 2025, highlighting its commitment to sustainability.
- The company promotes financial inclusion, facilitating over RMB 53.6 billion in loans for small businesses and women entrepreneurs.
- Yiren Digital achieved a 5% reduction in greenhouse gas emissions and supports low-carbon industries with targeted financing.
Yiren Digital's Commitment to Sustainable Development through ESG Initiatives
Yiren Digital Ltd., an AI-driven platform offering diverse financial and lifestyle services across Asia, underscores its commitment to sustainability by planning to release its annual Environmental, Social, and Governance (ESG) report for the year ending December 31, 2024, on June 24, 2025. The forthcoming report aims to highlight the company’s dedication to enhancing the quality of life for its customers through innovative digital services. Chairman and CEO Mr. Ning Tang emphasizes that sustainable development is crucial for modern businesses, framing Yiren Digital's mission as “Better Lives Through Digital Innovation.” This perspective not only reflects an ambition to drive economic growth but also to do so responsibly, addressing environmental and social challenges.
In 2024, Yiren Digital adopts an "AI + Multi-use Cases" strategy, which significantly boosts customer satisfaction rates across its service offerings—94% in financial services, 98% in insurance brokerage, and 96% in lifestyle solutions. The company's proactive approach to fraud prevention is evident in its Hawkeye anti-fraud model, which successfully intercepted 16,800 fraudulent loan applications, preventing considerable financial losses. Additionally, Yiren Digital emphasizes information security, having completed 37 security tests to safeguard client data against millions of cyber threats. These measures not only secure customer trust but also align with the company's broader commitment to social responsibility and ethical governance.
Furthermore, Yiren Digital actively promotes financial inclusion, having facilitated over RMB 53.6 billion in loans for more than 4 million clients, with a focus on empowering small business owners and women entrepreneurs. The company also engages in initiatives aimed at child development and rural revitalization, demonstrating its dedication to social impact. In line with its environmental objectives, Yiren Digital has achieved a 5% year-on-year reduction in greenhouse gas emissions and has implemented strict lending restrictions on high-emission sectors. The company directs financing towards low-carbon industries, facilitating RMB 88.48 million in loans to support projects in new energy and environmental monitoring, thereby reinforcing its commitment to a sustainable future.
In tandem with these efforts, Yiren Digital issues a Safe Harbor Statement, acknowledging the inherent risks and uncertainties associated with forward-looking statements mentioned in its announcements. Factors such as compliance with regulations in China’s online lending sector, competitive pressures, and macroeconomic conditions pose challenges to the company’s growth trajectory. Yiren Digital remains transparent about these risks, emphasizing the importance of understanding the dynamic market landscape as it continues to pursue its mission of enhancing financial well-being through innovative solutions.