Adhering to brands discount retailing, co-creating a new
sustainable life
GUANGZHOU, China, July 29,
2024 /PRNewswire/ -- Vipshop, a leading online
discount retailer for brands in China ("Vipshop" or the "Company"), recently
released its 2023 Environmental, Social, and Governance (ESG)
Report (hereafter referred to as the "Report"). Vipshop took steps
in 2023 to foster a low-carbon future, meet consumers' expectations
for quality life, cultivate a diverse, equitable and inclusive
talent ecosystem, and contribute to public welfare initiatives.
Vipshop's goal is to collaborate closely with stakeholders to
design, discover, and create a sustainable new life, according to
the report.
In 2023, Vipshop continued to prioritize its energy conservation
and carbon reduction initiatives, progressing toward its carbon
neutrality goals—to achieve carbon neutrality in its own operations
and a 50% reduction in Scope 3 carbon emission intensity, no later
than 2030.
In its operations, Vipshop pursued emission reduction through a
series of carbon mitigation measures, including photovoltaic (PV)
power generation, the use of green electricity, and
energy-efficient renovations. Notably, the Company's PV power has
generated 58,355 MWh of electricity in 2023, equivalent to reducing
approximately 32,000 tons of carbon dioxide (CO2) emissions.
Within its value chain, Vipshop championed green packaging and
logistics, using more than 270,000 times of recycled cartons
annually and collaborating with academic and research institutions
to fund the R&D of biodegradable materials. Additionally, the
Company optimized transportation routes and resource allocation,
enhancing energy efficiency in logistics and subsequently reducing
carbon emissions from certain suppliers.
The Company also unveiled the Vipshop Biodiversity Commitment,
outlining a clear-cut strategy and action plans for engaging in
biodiversity preservation. Notably, as a principal donor, Vipshop
teamed up with The Nature Conservancy (TNC) to bolster the
Beijing's Miyun Close-to-Nature Forest Management and Bird
Habitat Optimization Project, fostering a new paradigm of
harmonious coexistence between humanity and nature in the urban
periphery.
In response to the growing consumer demand for high-quality and
value-for-money products, Vipshop adopted a user-centric approach,
curating an expansive selection of popular brands and authentic
products through a dedicated global team of over 1,000 buyers.
Furthermore, the Company worked closely with selected brands to
develop merchandise specifically for the platform, known as "Made
for Vipshop", to better differentiate its product offerings and
provide exceptional value to customers.
In 2023, Vipshop formed a strategic partnership with China
Certification & Inspection Group, further consolidating its
product authenticity guarantees. Concurrently, Vipshop has enhanced
the experience for its paid members, Super VIPs (SVIPs), by
broadening the scope of benefits to include access to premium
goods, improved services, and lifestyle privileges. The approach
resonated with consumers, as evidenced by a 13% year-on-year
increase in active SVIP customers to reach 7.6 million, accompanied
by a notable uplift in membership renewal rates.
The Company also released the Commitment of Vipshop to
Diversity, Equity, and Inclusion (DEI), aiming to advance workplace
DEI culture on multiple fronts, including workforce diversity and
fairness throughout the talent lifecycle.
Vipshop championed inclusivity for employees with disabilities,
creating an equitable work environment through hardware
enhancements and tailored disability-awareness training programs.
By the end of 2023, the Company had 100 individuals with
disabilities shining in the workplace. Additionally, Vipshop
unveiled the Vipshop Women's Career Growth Report, empowering
female colleagues to achieve personal and professional growth.
Vipshop invested over RMB 120
million in VIPer-home Apartment, offering employees secure
and comfortable living spaces at about 90% off from market prices,
significantly reducing their living expenses.
Vipshop intensified its efforts to empower women, revitalize
rural communities, and innovate in internet-based public welfare
initiatives by launching impactful initiatives such as V-Love
Mothers, V-Love Charity, and the Langtou Village Rural
Revitalization project. By the end of 2023, the Company's
cumulative public welfare investments had reached RMB 719 million.
The Langtou Village Rural Revitalization project featured a
variety of cultural endeavors, among them, ChunYangTai, HeChunZhu,
the immersive digital exhibition "Painting China: A Journey of
Calligraphy", and Lawn market fairs. The V-Love Mothers program has
provided support to 174,000 single-parent families in need. In
parallel, the For Westlake Women in Science program, backed by
Vipshop, inspired young women to embrace scientific pursuits.
View Vipshop's 2023 Environmental, Social, and Governance (ESG)
Report:
English version：
https://ir.vip.com/sustainability
Chinese version：
https://h5rsc.vip.com/esg/esg/index.html
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SOURCE Vipshop