China's leading online discount retailer VIPSHOP publishes first ESG report ​

©VIPSHOP

VIPSHOP, a leading online discount retailer for brands in China, released its first ESG report, 2021 VIPSHOP Environmental, Social and Governance Report, detailing the company's endeavors and accomplishments in the areas of environmental, social and corporate governance in 2021 in terms of energy conservation and carbon reduction, responsible management, customer service and sustainable supply chain. VIPSHOP is on track to enhance its green and low-carbon development, with the goal of achieving the integration of its ESG initiatives across the entirety of the value chain and ensuring that the resulting social benefits lead to a better future.

VIPSHOP has built a nation-wide network of logistics parks that include centralized heating and cooling systems, photovoltaic power stations, and green packaging systems resulting in further emission reduction and recycling. In 2021, the company produced 59,939 MWh of photovoltaic power, reduced the use of plastic materials by 237 tons, and achieved 100% recyclability of its plastic packaging.

©VIPSHOP

Leveraging its strong capabilities in big data resources, platform support facilities, logistics and warehousing, VIPSHOP helps brand partners and suppliers improve their operational efficiency and reduce energy consumption, advancing the integration of energy saving and carbon reduction into the whole value chain.

©VIPSHOP

VIPSHOP, on a mission to improve the quality of life and enhance the experience of happiness, has been committed to creating and realizing value with its stakeholders, including employees, customers and partners. The company plans to continue enhancing its ESG management, upholding its social responsibilities, protecting the interests of all stakeholders and moving towards the goal of sustainable development.