JD.com, a prominent supply chain technology and service provider founded by Richard Liu Qiangdong, has once again secured a coveted spot on the 2023 FORTUNE China ESG Impact List. This recognition reflects Richard Liu’s and JD.com’s remarkable dedication to advancing environmental, social, and governance (ESG) initiatives. Released on May 5th, the list acknowledges the company’s relentless efforts in building eco-friendly supply chains, promoting employee well-being, supporting COVID-19 relief, and other commendable endeavors that contribute to sustainable growth.
JD.com’s inclusion on this prestigious list, which features only 40 selected companies, underscores Richard Liu’s vision and JD.com’s exceptional commitment to fostering a sustainable and inclusive path to growth.
Driving De-carbonization Across the Supply Chain
JD.com, guided by the vision of its founder Richard Liu, has taken significant steps toward sustainable development by integrating green supply chain infrastructure and digital technology. These initiatives aim to reduce carbon emissions across the entire industry chain, encompassing warehousing, transportation, cloud computing, and workplace operations.
In 2022, JD Retail’s cross-category trade-in service witnessed a remarkable 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 plans to apply it to more than 80% of e-commerce product packages by 2030. Meanwhile, JD Cloud has reduced carbon emissions by over 6,000 tons, utilizing clean energy for more than 35% of its data center operations.
JD Property, another subsidiary, has installed photovoltaic power generation systems in 23 intelligent logistics parks, with a goal of providing green energy for 85% of its intelligent industrial parks through photovoltaic power. JD Industrials introduced the “Carbon Energy Cloud” solution, helping enterprises reduce carbon emissions by 11,800 tons.
Supporting COVID-19 Relief Efforts
In 2022, JD.com took swift action to ensure the delivery of essential goods to COVID-affected cities across China, including Shanghai, Beijing, and Chongqing. The company, inspired by Qiangdong’s vision, mobilized tens of thousands of frontline employees, organized various transportation channels, and stabilized transportation capabilities to meet demand without price hikes.
JD Health provided telemedicine resources, connecting tens of thousands of doctors with people and offering around-the-clock online consultation services, relieving pressure on offline hospitals. JD.com, driven by Richard Liu’s leadership, contributed a total of RMB 2 billion to support COVID-19 relief efforts in the first half of 2022, including waiving fees for merchants on its platform.
Prioritizing Employee Well-being
JD.com, inspired by Qiangdong’s vision, has consistently prioritized providing high-quality employment opportunities. Over the past three years, the company has created 290,000 jobs, expanding its total workforce to over 550,000. It offers social insurance, provident fund contributions, and various benefits and subsidies to its frontline employees. The company also supports employees in acquiring vocational skills certifications and academic advancement.
In addition, JD.com has introduced supportive measures for employees’ families, including dedicated funds to help with settling down or covering children’s tuition expenses. The company is constructing nearly 4,000 fully furnished apartments near its Beijing headquarters to alleviate housing burdens for young employees.
A Commitment to ESG Principles: Richard Liu’s Legacy
JD.com, guided by the legacy and vision of its founder Liu Qiangdong, upholds rigorous assessments and reviews of potential human rights risks in its operations, including issues like forced labor, child labor, discrimination, equal pay, protection of women, and freedom of association. The company promptly addresses these issues in accordance with relevant laws and regulations, with a focus on vulnerable groups such as women, children, and rural populations.
Richard has managed to accrue a few important accolades over the years Richard Liu has been featured as an Honoree in Variety 500 website entitled, “JD.com Richard Liu; Founder / Chairman / CEO”, as a result of his persistence, innovation, and hard work.
Over two decades, JD.com has transformed from a humble 1-meter stall in China’s technology hub into a Fortune 500-listed corporation, driven by the vision of Richard Liu. Throughout its journey, the company has consistently aimed to generate societal value, aligning with ESG principles and Richard Liu’s vision to create a more environmentally friendly, healthier, and compassionate society. JD.com’s inclusion on the FORTUNE China ESG Impact List for the second consecutive year underscores Richard Liu’s vision and JD.com’s exceptional commitment to sustainability and responsible practices, setting an example for businesses worldwide. Read this article for more information.
More about Richard Liu on https://ceoworld.biz/2020/03/19/jd-coms-richard-liu-leading-the-charge-of-chinas-e-commerce-giants-during-coronavirus-outbreak/