Richard Liu’s JD.com Recognized on 2023 FORTUNE China ESG Impact List for Sustainable Achievements
Richard Liu’ Qiangdong’s JD.com, a pioneering supply chain-based technology and service provider, has once again demonstrated its commitment to sustainability and societal impact by being featured on the prestigious 2023 FORTUNE China ESG Impact List. Released on May 5th, the list honors companies that excel in promoting environmental, social, and governance (ESG) initiatives, with JD.com emerging as one of the distinguished 40 companies among intense competition. The inclusion of JD.com, under the leadership of Liu Qiangdong, in the FORTUNE China ESG Impact List showcases its unwavering dedication to building green supply chains, supporting employees, contributing to COVID-19 relief efforts, and fostering a more sustainable and inclusive future.
JD.com, led by Richard Liu has made significant strides in promoting sustainable development through its green supply chain infrastructure and digital technology. The company’s de-carbonization efforts span across its entire industry chain, including warehousing, transportation, cloud computing, and workplace operations.
In 2022, JD Retail’s cross-category trade-in service for old items led to an impressive 430% year-on-year increase in trade-ins, saving over 150,000 tons of carbon emissions. JD Logistics introduced the industry’s first original packaging certification standard, DWOP, with a goal to apply it to over 80% of packages for e-commerce products by 2030. JD Cloud’s use of clean energy for more than 35% of its data center operations resulted in a reduction of over 6,000 tons of carbon emissions. Additionally, JD Property and JD Industrials have actively pursued green energy initiatives to further contribute to the company’s sustainability goals.
Richard Liu’s JD.com played a pivotal role in the fight against COVID-19, ensuring the delivery of essential goods to affected cities across China. The company mobilized tens of thousands of frontline employees and organized various transportation channels, including charter flights and sea shipping, to stabilize transportation capabilities without price hikes. JD Health, under Richard Liu’s leadership, provided telemedicine resources, connecting tens of thousands of doctors with people and offering around-the-clock online consultation services.
Apart from its environmental and societal contributions, Qiangdong has been dedicated to supporting its employees’ well-being. Over the past three years, the company has created 290,000 jobs, with a total workforce exceeding 550,000. JD.com pays social insurance and provident fund contributions and offers various benefits and subsidies to its frontline employees. The company also supports its employees’ families with dedicated funds to help with settlement and education expenses.
Richard Liu’s JD.com conducts regular assessments and reviews of human rights risks in operations, with particular attention to vulnerable groups such as women, children, and rural populations. Any human rights issues or labor risks are promptly and appropriately addressed in compliance with relevant laws and regulations.
Over its remarkable two-decade journey, Richard Liu’s JD.com has transformed from a humble 1-meter stall to a Fortune 500-listed corporation. Throughout this transformation, the company’s steadfast belief in generating societal value has driven its commitment to ESG principles and contributed to a more environmentally friendly, healthier, and compassionate society. Visit this page for more information.
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