On December 27th, the "2023 Caixin Enterprise ESG Forum" was held in Beijing, sponsored by Caixin Press and the China Environmental Protection Federation, and organized by the Caixin Press Institute of Political and Economic Research and the China Environmental Protection Federation ESG Special Committee. The first domestic enterprise ESG blue book, "China Enterprise Environmental, Social and Governance Report (2023)" (hereinafter referred to as the blue book), organized by Caixin Press and the China Environmental Protection Federation, was officially released during the conference. Nenglian has won the "Environmentally Friendly Pioneer Enterprise Award", and its subsidiary Nenglian Intelligent Electric (NASDAQ: NAAS) has been selected as one of the top ten typical cases in the Blue Book for its innovative practices in the ESG field.
With the acceleration of a new round of industrial transformation, sustainable development has become an important issue of global concern. ESG governance is not only a new trade requirement, but also means new business models. In response to this trend, Energy Chain is exploring ESG practices in the energy field with a "small step fast run" attitude.
In recent years, the penetration rate of new energy vehicles has rapidly increased, and the overall energy supply in the transportation sector has shown a trend of green and low-carbon development. The energy chain is at the forefront of transportation energy transformation, actively exploring the development path of "one reduction and one replacement - emission reduction of existing fossil fuels+substitution of incremental new energy". The business layout covers various links such as transportation energy production, storage and transportation, retail, and consumption, By digitizing, we can help the transportation energy sector achieve carbon peak and carbon neutrality.
In the field of trade and circulation of traditional petrochemical products, the energy supply chain is laid out through its subsidiary Nengcheng Technology. Through self-developed AI algorithms, the intelligent scheduling and staggered capacity adjustment of oil products are carried out to achieve optimized resource allocation and cost reduction and efficiency increase. In the field of new energy, Nenglian Zhidian, a subsidiary of Nenglian, aims to achieve green and low-carbon operation in all aspects of charging services through the greening of the source, the greening of the station, and the greening of usage. At the same time, it has set corporate carbon reduction targets and plans to achieve carbon neutrality at the operational level by 2028.
In order to promote the popularization of low-carbon lifestyle, Nenglian Zhidian advocates for performance quantification of green electricity and green use, creatively launching carbon accounts and carbon inclusive functions in the charging field, encouraging new energy vehicle owners to use carbon emission reduction to offset charging costs during the charging process, guiding carbon emission reduction to extend from the industrial end to the consumer end, and achieving a closed loop of the entire industry chain. As of the end of 2022, the number of users using carbon accounts reached 463000. Not only that, Nenglian Zhidian officially joined the "Science Carbon Target Initiative" (SBTi) in August this year, becoming the first new energy charging service enterprise in China to join SBTi and propose commitment goals, helping to achieve 1.5# 8451; Global temperature control goals.
In view of its outstanding performance in promoting the green and sustainable development of transportation energy, Nenglian has been awarded the "Environmental Friendly Pioneer Enterprise Award" at the 2023 Caixin Zhiyuan Awards. At the same time, in order to better discuss and showcase the development of China's corporate environment, society, and corporate governance, the first domestic enterprise ESG blue book "China Enterprise Environment, Society, and Governance Report (2023)" organized by Caixin and the China Environmental Protection Federation has selected 10 innovative, typical, demonstrative enterprises with a sound ESG system and outstanding results in ESG practice as typical cases, including Nenglian Zhidian and Nongfu Spring Ten companies including Baidu were successfully selected.