On August 2, Nenglian Zhidian (NAAS.US) officially released its English version of the 2023 Environmental, Social and Governance (ESG) report (hereinafter referred to as the 'Report'). The report disclosed the ESG performance of 2023, covering the company's ESG performance in green and low-carbon operations, technological innovation, employee rights protection, and community public welfare.

Driven by the trend of accelerated transformation of transportation energy from oil to electricity and fast growth of electric vehicle sales, Nenglian Zhidian's new energy charging carbon emission reduction for the whole year in 2023 was 3.293 million tons, with the purchase of clean energy and electricity of 0.305 billion kilowatt-hours, accounting for 81.14%; assisting downstream charging stations in carbon reduction by 0.2514 million tons; and a total of 0.594 million users participated in carbon-neutral charging activities, promoting low-carbon travel in daily life and constructing the carbon absorption-circulation loop in the green travel scenario.

Digital technology is an important tool for low-carbon operations and energy efficiency improvement. Nenglian Zhidian focuses on automatic driving energy supply, and has completed business layout. On the one hand, the company launched an automatic charging robot integrating cutting-edge technologies such as deep learning, V2X, and 3D vision, which can achieve automatic searching for vehicles, precise parking, automatic driving away, and automatic energy supplementation, and launched a demonstration operation in Zhuobo Garden, Anji, Zhejiang Province; on the other hand, it continuously expands the charging service ecosystem, cooperates with Baidu's high-end automobile robot brand Jidou, and realizes charging interconnection with mainstream new energy main engine factories in China, covering Geely, Hyundai, Jike, Wenjie, Great Wall, GAC New Energy, DeepBlue, Nio, Ideal, Xiaopeng, FAW-Volkswagen, Jihou, and Lantu, etc. This provides more choices for energy supplementation in the automatic driving scenario and is expected to seize opportunities.

Nenglian Zhidian's 2023 ESG performance

At the same time, Nenglian Zhidian upgraded its G-R-E-E-N sustainable development strategy, with the vision of 'letting everyone use green energy' to promote green construction and development throughout the value chain. Combining its own operational goals and industry visions, the company has proposed the 'Green Charging, Green World' GREEN sustainable development strategy and value model. Focusing on ESG actions such as Governance, Reinvention, Eco-consciousness, Empathy, and Nurture, which are the pillars of GREEN core low-carbon and green development and creating a management closed loop for operational performance management in 20 major subdivisions, it realizes the ESG full-life-cycle management that covers all businesses and scenarios, and actively promotes the sustainable development of new energy services.

With its outstanding performance in ESG, Nenglian Zhidian has been recognized by many international rating agencies. In July 2024, the company was successfully selected for the S&P Global's "Sustainable Development Yearbook (China Edition) 2024", a globally renowned rating agency, and was awarded Best 5% Retail Enterprises Special Commendation, which is far ahead of the industry's average level; in the latest rating results released by the global environmental information research center (CDP) in February of the same year, Nenglian Zhidian made its first participation and was rated "B-level" for climate change, surpassing the global average level of "C-level". CDP is a globally authoritative carbon emission rating organization; in September of last year, Moody's gave Nenglian Zhidian an ESG primary rating of "2" and a primary score of "76".

Recognition from multiple international rating agencies for Nenglian Zhidian

To deal with climate change, promote low-carbon transformation, and focus on action, Nenglian Zhidian actively carried out work around international layout, communication, and cooperation in 2023. During the twenty-eighth conference of the parties (COP28) to the United Nations Framework Convention on Climate Change, the company helped the opening of the United Arab Emirates' first digital energy exhibition hall, participated in a series of themed sideline meetings organized by the Ministry of Ecology and Environment's Publicity and Education Center, and jointly released the industry's first "2023 Carbon Inclusive Development White Paper" with SGS, Carbon Neutrality 50 Forum, and others, as well as launched the "Sino-foreign Cooperative Promotion of Sustainable Development Initiatives in the Middle East Region" with China International Organization for Private Sector in Development.

ESG transcends national borders, and global low-carbon transformation requires all parties to form synergy and share excellent case practices and experiences in various regions. It is precisely because of its outstanding performance in ESG that Nenglian Zhidian has been invited to join organizations such as the Science-Based Targets Initiative (SBTi) and the United Nations Global Compact (UNGC), sharing China's transportation energy transformation program.

As a global new energy asset service provider, Nenglian Zhide provides one-stop services such as charging station site selection consultation, EPC engineering, operation and maintenance for the entire industry chain. It integrates ESG governance into corporate operation and development, and realizes low-carbon operation of electric vehicle charging in all links through the full coverage of greenization from the source, station and use. According to the report, Nenglian Zhide will achieve carbon neutrality at the operational level and 100% use clean power by 2028.