NaaS Technology Unveils 2024 ESG Report with Ambitious Sustainability Goals and Innovations
- NaaS Technology aims for net-zero emissions by 2050, reducing carbon emissions by 3.22 million tons so far.
- The company has filed 56 patents and partnered with industry leaders to advance EV charging technology.
- NaaS achieved high ESG ratings, including a score of 72 in S&P Global, reflecting its sustainability commitment.
NaaS Technology Sets Ambitious Sustainability Goals in 2024 ESG Report
NaaS Technology Inc., the pioneering U.S.-listed EV charging service company in China, recently releases its 2024 Environmental, Social, and Governance (ESG) Report, marking a significant step in its commitment to sustainability and innovation. The report outlines the company's ambitious target of achieving net-zero emissions across Scopes 1, 2, and 3 by 2050. This goal underscores NaaS's dedication to reducing its environmental impact while enhancing its operational practices. As part of its achievements, NaaS has already managed to cut down 3.22 million tons of carbon emissions through its extensive EV charging services, reflecting a reduction of over 47% in greenhouse gas emissions.
The company’s commitment to innovation is equally noteworthy, as it has filed 56 patent applications and secured 38 patents to bolster its technological capabilities. NaaS has partnered with industry giants such as Huawei and Alibaba Cloud by joining the AI Application Alliance, thereby positioning itself at the forefront of technological advancement in the EV charging sector. A significant highlight of the report is the Anji Heavy Truck Integrated Energy Station Project, which becomes the first project in China to earn the prestigious FAST-Infra certification, showcasing NaaS's leadership in developing sustainable energy solutions.
Furthermore, NaaS collaborates with 14 organizations to produce the 2024 White Paper on Carbon Inclusion Development, which aims to guide the industry towards effective carbon reduction strategies. The company also facilitates China’s inaugural carbon reduction transaction for EV charging services, benefitting over one million carbon account users. These initiatives not only enhance NaaS's reputation but also contribute to its impressive ESG ratings, including a score of 72 in the S&P Global Corporate Sustainability Assessment, ranking first in China’s retail sector and seventh globally. With CEO Ms. Yang Wang at the helm, NaaS emphasizes a systematic ESG management framework that integrates sustainability into its core operations, ultimately aiming to elevate green energy infrastructure while aligning ESG practices with long-term value creation.
In addition to its sustainability goals, NaaS Technology is actively engaging in international ESG initiatives. The company has received an "A" rating in the CDP Climate Change Questionnaire and a Sustainable Fitch ESG Rating of 78, the highest in the Asia-Pacific region. These accolades reflect NaaS’s commitment to transparency and accountability in its environmental practices, reinforcing its status as a leader in the EV charging sector.
Overall, NaaS Technology's release of its 2024 ESG Report marks a pivotal moment in the company's journey toward sustainability, innovation, and global leadership in the EV industry. The ambitious goals set forth, along with its strong performance in ESG metrics, position NaaS as a forward-thinking entity ready to tackle the challenges of climate change while driving the future of electric mobility.
