NaaS Technology Maintains Strong ESG Momentum with '2' Rating and Improved Entity Score from Sustainable Fitch

Core Viewpoint - NaaS Technology Inc. has received an ESG Entity Rating of '2' from Sustainable Fitch, with an increased score of 78, ranking first in Asia-Pacific and eleventh globally among 170 rated companies across various industries [1][3]. ESG Performance - The rating of '2' reflects NaaS's strong performance in environmental, social, and governance aspects, solidifying its leadership in the EV charging industry regarding sustainability [3]. - NaaS's improved score is attributed to the growth of its green energy solutions business, including expanded services, geographical reach, and client base [4]. Climate Change Commitment - NaaS is the first company in China to receive the "pure-play" label from Sustainable Fitch, emphasizing its commitment to climate change mitigation through innovative EV charging services [4]. - The company has established a comprehensive climate change management system aligned with IFRS S2 standards and aims for carbon neutrality in Scopes 1 and 2, along with 100% renewable energy use by 2028 [5]. Social Responsibility - NaaS adheres to international standards such as the UN Global Compact and actively contributes to rural revitalization in China by expanding EV charging services in rural areas [5]. Governance Practices - The company benefits from a solid internal control and risk management system, along with a low CEO pay ratio, reflecting its commitment to sound governance practices [6]. Strategic Focus - NaaS has integrated ESG governance into its business strategy, prioritizing carbon emission reduction and promoting green development throughout the EV charging value chain [7]. - The "Green Charging, Green World" strategy is based on five pillars: Governance, Reinvention, Eco-consciousness, Empathy, and Nurture ("GREEN"), setting a new standard for sustainability [7]. Future Outlook - NaaS is dedicated to enhancing its ESG practices, driving long-term sustainable growth, and positively impacting the environment and society, with a focus on contributing to a low-carbon future [8].