- JD.com releases its second ESG report, with a chapter aligning
with TCFD framework for the first time.
- The company pledges RMB 1 billion
yuan in its green supply chain upgrading, known as the "Green
Stream Initiative".
- Positioned as "a new type of real economy enterprise", JD.com
is committed to serving tangible businesses of all industries.
BEIJING, May 23, 2022
/PRNewswire/ -- JD.com Inc. (Nasdaq: JD; HKEX: 9618), a leading
supply chain-based technology and service provider, issued its
second annual ESG Report, outlining
the company's 2021 progress in the areas of developing green supply
chains, boosting the real economy, promoting high-quality
consumption and social efficiency, and more.
First report aligning with TCFD
JD's proactive reporting and dedicating a chapter on climate
change-related opportunities and risks that aligns with the Task
Force on Climate-related Financial Disclosures (TCFD), a standard
set by the Financial Stability Board of G20, for the first time in
this year's report is evidence of the company's deep commitment to
environmental and social responsibilities and its business
philosophy of long-termism.
"We incorporated the TCFD framework in this year's ESG report to
develop a risk governance strategy for 2030, and through carrying
out systematic transformations, we hope to build the company's
climate competitiveness while gaining new growth opportunities in
the next decade, " wrote Richard
Liu, chairman of the Board of JD.com, in his letter
accompanying the report.
The "Green Stream Initiative"
The ESG report revealed that JD.com has set a goal to reduce
carbon emissions by 50 percent by the year 2030, based on the
levels of 2019. To do so, JD Logistics pledged to invest
RMB 1 billion yuan ($150 million) in the next five-year plan of its
multi-pronged sustainability efforts, known as the "Green Stream
Initiative", to build a greener and more integrated supply chain
that can offer a greater amount of low-carbon products and engage a
wider range of merchants and customers together to practice
responsible production and consumption.
As of the end of 2021, the Green Stream Initiative has driven
China's e-commerce logistics
sector to reduce the use of nearly 10 billion disposable packages,
replaced with reusable delivery boxes made of 100 percent
recyclable materials that have so far been used 200 million times,
involving participation of more than 200,000 merchants and hundreds
of millions of consumers.
Meanwhile, JD's Xi'an Asia No.1 Logistics Industrial Park is
certified as China's first
carbon-neutral logistics park. JD Logistics has put 20,000 new
energy vehicles into use in over 50 cities across the country,
cutting carbon dioxide emissions by 400,000 tons per year. JD
Cloud's green data centers reached a PUE (Power Usage
Effectiveness) of below 1.1, lowering 30 percent energy use of its
infrastructure and 10 percent of carbon emissions year on year. The
company's newly-finished eco-friendly headquarters building
received the highest rate of 3-star grade by the Green Building
Label, the sustainable architecture evaluation system in
China. These are only a few of
JD's various carbon-reduction achievements over the past year.
Serving the real economy
Stemming from its mission of "powered by technology for a more
productive and sustainable world", JD.com further elaborated on its
identity in the report as "a new type of real economy enterprise"
that possesses both the attributes of the real economy in its DNA,
and the technologies and know-hows to serve the digital
transformation of tangible businesses.
With the inventory turnover days in 2021 further decreasing to a
world-leading level of 30.3 days, an advanced R&D platform for
C2M (Consumer-to-Manufacturer) products, extensive cloud computing
infrastructure spreading across 70 cities and more, JD.com is
providing digitally intelligent solutions to support the quality
growth of enterprises across industries. As many small and
medium-sized enterprises bore the brunt of COVID-19's impact in the
past year, JD introduced an array of fee-waiving policies and fully
leveraged its smart supply chain competences to keep up their
business operations, going above and beyond to ensure stable and
timely goods supply to society at fair prices.
Meanwhile, supporting farmers and agricultural development is a
high priority on JD's agenda. The report shows that to date, JD.com
has provided secured job opportunities to more than 300,000
frontline workers with over 80 percent coming from rural areas. Far
beyond sending parcels to villages, by the end of 2021, the company
has collaborated with over 1,000 agricultural production zones,
co-created over 70 modernized farms, and established over 700
online pavilions to support the marketing and circulation of
premium agricultural products, which have generated RMB 32 million yuan ($4.8
million) production value and increased income for millions
of farmers.
Read the full text of JD's ESG Report 2021 here.
About JD.com
JD.com is a leading supply chain-based technology and service
provider. JD.com's cutting-edge retail infrastructure seeks to
enable consumers to buy whatever they want, whenever and wherever
they want it. JD.com has opened its technology and infrastructure
to partners, brands and other sectors, as part of its Retail as a
Service offering to help drive productivity and innovation across a
range of industries.
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SOURCE JD.com