Yiren Digital's 2024 ESG Report Highlights AI-Driven Sustainable Practices Across the Board

Yiren Digital has released its 2024 ESG report, highlighting its mission of "Better Lives Through Digital Innovation" and commitment to environmental sustainability and social responsibility. The report showcases the company's use of AI to enhance risk management, personalized marketing, and intelligent customer service. Yiren Digital also facilitated over RMB 53.6 billion in loans for 4 million clients, including small and micro business owners and women entrepreneurs, and reduced energy use and carbon emissions by 5%. The company will continue to anchor its growth in ESG principles and advance AI-driven innovation and sustainable practices.

Title: Yiren Digital's 2024 ESG Report: AI-Driven Innovation and Sustainable Practices

Yiren Digital (NYSE: YRD), a leading AI-powered financial and lifestyle services platform in Asia, has released its 2024 ESG report, underscoring its commitment to environmental sustainability and social responsibility. The report, titled "Better Lives Through Digital Innovation," highlights the company's significant achievements in sustainable practices and its dedication to enhancing customer satisfaction and financial inclusion.

Key accomplishments from the report include the prevention of RMB 180 million in fraudulent loans through their Hawkeye AI model, facilitating RMB 53.6 billion in loans to over 4 million clients, and providing RMB 86 billion in risk coverage for gig economy workers. Additionally, the company has demonstrated environmental commitment with a 5% reduction in greenhouse gas emissions and directed RMB 104.94 million in loans to support green industries [1].

Yiren Digital's AI initiatives delivered impressive customer satisfaction rates of 94-98% across various services, including financial services, insurance brokerage, and lifestyle solutions. The company's self-developed Hawkeye anti-fraud model, combining AI automation with human oversight, intercepted 16,800 fraudulent loan applications and prevented losses of RMB 180 million [2].

The report also highlights the company's efforts in driving inclusive growth by expanding the reach of inclusive finance. Over RMB 53.6 billion in loans were facilitated for more than 4 million clients, including small and micro business owners as well as women entrepreneurs. Furthermore, the company provided over RMB 86 billion in risk coverage for gig economy workers, including truck drivers and delivery personnel [2].

In terms of environmental commitment, Yiren Digital has implemented strict lending restrictions on business owners in high-emission sectors, directing financing towards low-carbon industries. The company facilitated loans totaling RMB 88.48 million for 3,156 business owners in the energy-efficient industry and RMB 16.46 million for 593 business owners in the environmental monitoring sector [2].

Looking ahead, Yiren Digital will continue to anchor its growth in ESG principles, advancing AI-driven innovation and sustainable practices while working with partners to build a more inclusive, intelligent, and sustainable ecosystem.

References:
[1] https://www.stocktitan.net/news/YRD/yiren-digital-releases-its-2024-esg-report-ai-deepens-sustainable-fugev3oan25q.html
[2] https://www.prnewswire.com/news-releases/yiren-digital-releases-its-2024-esg-report-ai-deepens-sustainable-practices-across-the-board-302513127.html