The company is leading the way to a green future by proactively finding measures to reduce its carbon footprints and alleviate environmental issues
JD Logistics Takes Pitches from Banks for Planned
China’s e-commerce giant JD.com (JD: Nasdaq) announced on March 9 that its “Asian No.1” intelligent industrial park in Xi’an, Shaanxi province, has been certified as carbon neutral.
The certificates are issued by China Beijing Environmental Exchange (CBEEX) and Center Testing International (CTI) under the authorization of China National Accreditation Service for Conformity Assessment (CNAS).
Put into use since 2019, the logistics park applies a rooftop photovoltaic power generation and restoration system to neutralize part of its emissions. The remainder is offset by purchasing quota under the national Certified Emission Reduction act.
JD.com said that the company has installed the PV system in 12 industrial parks across the nation by the end of 2021. It is expected to supply green energy for 85% of the parks in the next three years with a capacity of 1,000 megawatts.
In line with the national goals to achieve peak carbon emissions by 2030 and carbon neutrality by 2060, JD.com is forging ahead in its transition to low-carbon development. The company’s another “Asian No.1” industrial park in Suqian, Jiangsu province has also been transforming its energy mix, specifically by employing more PV power.
Other e-commerce enterprises like Alibaba (9988: HK), Pinduoduo (PDD: Nasdaq), Vipshop (VIPS: NYSE), and Suning.com (002024) have also committed to reducing their carbon footprints as evidenced by a number of ESG-focused initiatives.