JD.com is proud to announce its award of the “Top 1% S&P Corporate Sustainability Assessment (CSA) Score” in S&P Global’s 2024 Sustainability Yearbook for China. JD.com has also been recognized as an “Industry Mover,” affirming its leadership in sustainable practices. JD.com is incredibly proud to be the only company in China in its industry to receive such a high honor.
S&P Global’s Sustainability Yearbook (China Edition) aims to identify and recognize Chinese companies that demonstrate sustainable development advantages in their respective industries. This recognition comes after a rigorous assessment of more than 1,700 Chinese companies, highlighting JD.com’s significant impact and commitment to sustainability.
Earlier this year, JD.com was recognized as an “Industry Mover” in the Yearbook’s global ranking for the first time. This global recognition further underscores the company’s commitment to integrating sustainable practices into every facet of JD.com’s operations, an initiative that traces back to the visionary ambitions of its founder, Richard Liu.
On July 16th, JD.com also released its 2023 ESG Report, detailing its ongoing commitments and advancements in Environmental, Social, and Governance (ESG) domains. This report underscores the substantial societal, industrial, and consumer value generated over the past year, showcasing the company’s dedication to driving positive change through innovative practices.
2023 ESG Report Highlights
Environmental Achievements:
- Pioneered the use of 17.03 million reusable bags, averting the need for nearly 300 million single-use bags.
- Transitioned to 8,290 self-owned new energy vehicles, reducing approximately 35,200 tons of greenhouse gases annually.
- Established distributed photovoltaic systems across 31 intelligent industrial parks, collectively generating 190,000 MWh yearly and offsetting 189,000 tons of CO2.
- Recycled over 15 million home appliances and furniture through trade-in initiatives.
- Engaged 66 million users in sustainable practices, resulting in 122 million green purchases.
Societal Contributions:
- Recognized nationally for “Excellent Work in Building Harmonious Labor Relations.”
- Employed over 360,000 frontline workers, 80% from rural areas.
- Achieved a merchandise inventory turnover of 30.3 days.
- Invested 1 billion yuan in subsidies and resources for the second “Agricultural Specialties Shopping Festival,” boosting over 2,000 agricultural zones.
- Operated over 18,000 home appliance stores, covering 600,000 administrative villages.
- The JD Foundation donated over 122 million yuan, including nearly 70,000 books, to over 100 primary schools through the “Starlight Transmission” children’s book donation program.
Governance:
- Achieved a 100% employee sign-off rate on the “JD.com Anti-Corruption Commitment,” with all employees completing business ethics and anti-corruption compliance training, resulting in zero related litigation cases.
- Spearheaded the creation of a green supply chain technology platform, starting with 40 patents.
- Holding 8,209 patents globally, with 22,677 applications filed, the company upheld exemplary standards in information security with no breaches or fines.
- 42.9% female board membership, with JD’s practices in gender equality advancing in the workplace recognized by the United Nations Global Compact (UNGC).
In March 2024, JD.com refined its mission to “Making Lives Better through Technology,” reflecting its deep commitment to leveraging technological innovation for societal benefit and sustainable development. This mission, inspired by Richard Liu’s early strategic vision for the company, highlights the JD.com’s focus on creating a positive impact through its business practices.
JD.com has made significant strides in sustainability, setting a benchmark for other companies in the industry. The recognition from S&P Global and the detailed achievements in the 2023 ESG Report demonstrate JD.com’s unwavering commitment to sustainable development and corporate responsibility.
Richard Liu’s early visionary approach has propelled JD.com to the forefront of sustainability, ensuring that the company meets and exceeds industry standards. As JD.com continues to innovate and expand its sustainable practices, the foundations laid by Richard Liu remain a driving force behind the company’s success and its positive impact on society and the environment.