- Outlining its Roadmap for Achieving Carbon
Neutrality and Promoting Green Consumption
GUANGZHOU,
China, Jan. 24, 2024 /PRNewswire/ -- Vipshop, a
leading online discount retailer for brands in China ("Vipshop" or the "Company") recently
released its Carbon Reduction Goals and Action Report (the
"Report").
The Report details Vipshop's robust efforts in
reducing carbon emissions. These initiatives include increasing the
proportion of clean energy usage, improving energy efficiency,
advancing green logistics, formulating a green product evaluation
system, and establishing carbon account platforms. The ultimate
goal is to strive carbon neutrality in its own operations, promote
the low-carbon development within the value chain, and contribute
to societal green transformation.
Defining a clear roadmap for low-carbon
development to achieve emissions reduction throughout the value
chain
Vipshop has pledged to achieve carbon neutrality
in its own operations and a 50% reduction in Scope 3 carbon
emission intensity, no later than 2030. In pursuit of the goals,
Vipshop has rolled out its green action roadmap that calls for
optimizing equipment operations, advocating for distributed
photovoltaic power generation, investing in green electricity,
exploring the development and utilization of corporate carbon
sinks, and engaging in carbon credit trading.
A key aspect of Vipshop's commitment is the
Company's photovoltaic projects that increase the proportion of
clean energy usage. Between January 1,
2022, and September 30, 2023,
Vipshop's own photovoltaic power reached a cumulative total of
108,229.2 MWh. By 2023, the Company's headquarter building located
in Guangzhou, China had
successfully transitioned to 100% green electricity.
At the same time, Vipshop has been promoting
eco-friendly practices in computing, procurement, logistics, and
packaging. The Company is dedicated to managing and reducing carbon
emissions across the value chain by actively collaborating with
suppliers, logistics providers, brand partners, and other
stakeholders.
Between January 1,
2022 and September 30, 2023,
Vipshop's supplier packaging material recycling project resulted in
over 43 million cartons being re-purposed, reducing carton usage by
more than 20,000 tons.
Promoting green consumption to speed up
the low-carbon economic development
Vipshop will deliver carbon reduction on both the
production and consumer fronts by promoting green consumption
and supporting the development of green industries that prioritize
sustainable development.
The Company also encourages partners and
consumers throughout the value chain to engage in carbon emission
reduction through the development of carbon accounts and the
expansion of carbon reduction scenarios. The initiative is integral
in establishing a low-carbon ecosystem and hastening the
decarbonization process.
As detailed in the Report, in 2023 Vipshop
launched an internal-employee's carbon account platform named
"V-Carbon" to engage employees to join carbon reduction actions.
The digital platform is designed to track and record the actions
taken by employees to reduce carbon usage based on carbon inclusion
standards and methodologies, offering carbon credits as incentives.
On the launch day, the platform recorded over 13,000 staff
attendances.
Vipshop also plans to launch a green carbon
account platform for consumers. This platform will allow consumers
to earn carbon credits by purchasing eco-friendly products and
practicing in low-carbon activities. The aim is to increase
consumer awareness of green products and foster the transition
towards green consumption.
Furthermore, Vipshop is in the process of
developing a comprehensive green product evaluation system. The
initiative aims to provide consumers with a wider range of green
product options. After rolling out, the platform will showcase
products that meet stringent green and low-carbon standards,
highlighting their attributes in energy efficiency, emission
reduction, and environmental friendliness.
The full report is available in Chinese at:
https://h5rsc.vipstatic.com/pc_res/pc_res/esg_res/report_20240109.pdf
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SOURCE Vipshop
