Sets Up ESG Strategy and Targets Carbon
Neutrality in its Own Operations No Later Than 2030
GUANGZHOU, China, Aug. 28,
2023 /PRNewswire/ -- Vipshop, a leading online
discount retailer for brands in China ("Vipshop" or the "Company"), has
released its 2022 Environment, Social, and Governance (ESG) Report
(hereafter referred to as the "Report"). The Company pledges to
achieve carbon neutrality in its own operations and a 50% reduction
in Scope 3 carbon emission intensity, no later than 2030.
In 2022, Vipshop established a three-tiered governance structure
that includes its Board of Directors, an ESG Committee, and an ESG
Task Force, according to the report. The Company's ESG strategy,
dubbed "co-creation of a new sustainable life," emphasizes five
areas: new sustainable choices, happy consumption, proactive
inclusivity, beautiful society, dependable compliance.
A Pledge to Achieve Carbon Neutrality in its Own Operations
No Later Than 2030
Vipshop has set ambitious environmental goals, pledging to
achieve carbon neutrality in its own operations and a 50% reduction
in Scope 3 carbon emission intensity, no later than 2030. As
outlined in the report, Vipshop has taken a comprehensive approach
and rigorously assessed its potential for carbon reduction across
its value chain. The Company actively champions energy-saving
measures to minimize emissions across various scenarios. This
involves joint efforts from consumers, partners, and other key
stakeholders to cultivate a sustainable, low-carbon ecosystem.
In 2022, Vipshop's Logistics Centers recycled around 21.19
million cartons, cutting carton use by 2,556 tons and reclaiming
16,774 tons of packaging materials. Additionally, the Company
implemented photovoltaic energy systems at several logistics sites
and its Shan Shan Outlets, generating 61,538 MWh of solar power
during the course of the year.
Meeting Customer Expectations for an Enhanced Quality of
Life
In 2022, Vipshop's core business has been strengthened through a
series of enhancements in products, operations, and technology.
This bolstered Vipshop's ability to offer unique and a more
diversified product offerings, aligning with customers' aspirations
for an improved quality of life.
Vipshop has created "V-pulse", which defines an upgraded plan
for all stages of operations including product selection, supplier
logistics and after-sales service, in order for customers to feel
the "pulse-like" customer service, close to their hearts.
With a specialized team dedicated to effectively tackling
customer concerns, the Company strives to align closely with
customer expectations and sentiments. Vipshop's customer problem
solving satisfaction rate reached 98.01% in 2022.
Creating a Safe, Comfortable, and Inclusive Working
Environment
In 2022, Vipshop launched specialized training courses that
focus on fostering innovation and promoting individual growth among
employees. The program has seen universal participation, with 100%
of the workforce having completed it successfully. Concurrently,
the Company continues investing in employee empowerment, urging
frontline staff to further their education and skills.
In 2022, Vipshop prioritized a safe, inclusive workspace, with a
special emphasis on creating a supportive environment for women. By
year's end, women constituted 52.6% of Vipshop's workforce,
outpacing the average level of 43% cited in Bloomberg's recent
Gender Equality Index (GEI). Additionally, the Company initiated
targeted recruitment to assist individuals with disabilities in
obtaining dignified employment opportunities.
Embracing Simplicity, Sincerity, and Love in Charity Work
Vipshop champions causes such as women's empowerment, rural
revitalization, and aid for underprivileged communities. In
partnership with stakeholders, the Company has developed
sustainable philanthropic initiatives, exemplified by programs such
as V-Love Mothers and V-Love Charity.
By the end of 2022, Vipshop's charitable contributions surpassed
RMB558 million (approx. USD76.7 million). Notably, V-Love Mothers
initiative has supported over 110,000 struggling single-parent
families. Additionally, V-Love Charity program, in collaboration
with various community organizations, has introduced more than 31
outreach programs for underserved communities. The initiative drew
participation from over 13.44 million members, resulting in
donations exceeding 20.1 billion V-Love points.
View Vipshop's 2022 Environment, Social, and Governance
(ESG) Report:
English version：
https://ir.vip.com/static-files/2e8df465-9a43-4156-8942-38fb79179e3c
Chinese version：
https://h5rsc.vip.com/esg/esg/index.html
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vipshop-releases-2022-environmental-social-and-governanceesgreport-301911003.html
SOURCE Vipshop