Vipshop(US:VIPS) Prnewswire·2025-07-29 12:00Core Insights - Vipshop Holdings Limited released its 2024 Environmental, Social, and Governance (ESG) Report, highlighting its commitment to integrating ESG principles across operations, including carbon emission reduction and community engagement [1] Environmental Initiatives - In 2024, Vipshop achieved a 43% year-over-year reduction in total greenhouse gas (GHG) emissions and a 40% decline in emissions intensity [2] - The company installed solar photovoltaic systems in logistics warehouses and operated its headquarters entirely on renewable electricity [2] - Over 1.34 million parcels were shipped using original cartons to minimize material usage, and reusable delivery boxes circulated over 800,000 times [3] - The proportion of new energy vehicles in urban distribution rose to 35%, an increase of 15% year-on-year [3] Consumer Engagement - Vipshop introduced over 1,500 new brands and collaborated with more than 200 curated brands for customized products in 2024 [4] - New promotional channels such as "Time-limit Offers" and "Daily Low Prices" were launched to enhance customer experience [4] - The company expanded its Super VIP (SVIP) membership privileges with over 100 new lifestyle-related benefits [5] Employee Development - Vipshop promotes diversity, equity, and inclusion through professional development programs and performance-based incentives [6] - The company was recognized as "2024 China's Most Popular Employer of the Year" by Forbes China [6] - Targeted subsidies for continuing education and modifications for employees with disabilities were implemented to support career development [6] Community Engagement - As of year-end 2024, Vipshop invested RMB 768 million (approximately USD 106 million) in public welfare initiatives [7] - The V-Love Mothers program provided support to over 277,000 single-parent families in vulnerable situations [7] - Employees participated in various volunteer activities, supported by an annual eight-hour public welfare leave [8]