Alibaba's report: Why always emphasize "Chinese connotation"?

Yesterday (August 29), Alibaba released its 2022 ESG report, emphasizing "the value above business". The report also believes that the effective operation of ESG needs to be connected to international standards and meet the reality of China.

ESG is a collective name for Environmental, Social, and Governance. In recent years, it has become an entry point for the improvement of governance of major companies.

At the beginning, the three letters of ESG are not easy to understand. Indeed, this concept stems from the overseas investment market. But it is not difficult to understand: ESG is to provide investors with more non -financial information outside the financial statements and show the sustainable development dynamics and risk points of the company. In short, using ESG as a risk -emitting thunder at the investment level, but also to examine whether a company really embeds society and grows with society. These elements and indicators cannot be seen in the financial report, but it is very important for the evergreen of the corporate foundation, and it is important to leave a real good enterprise for social mining.

At the level of domestic policy, it also pays great attention to the Chinese connotation and standards of ESG. A few days ago, Li Gao, the director of the Ministry of Ecology and Environment, said at the second ESG Global Leaders Summit that during the "14th Five -Year Plan", the Ministry of Ecology and Environment will vigorously create a policy environment that is conducive to ESG development. The first point is to explore the construction of an ESG policy standard system that connects with international standards and has Chinese characteristics, actively cultivate ESG rating agencies, and standardize and improve ESG evaluation standards and quality.

Because of this, Alibaba emphasized in this report: I hope that in the future, the public can know Alibaba with two reports: one is a financial report and the other is an ESG report. Zhang Yong, chairman and CEO of Alibaba, further emphasized in the report: "ESG should be a ruler around value, responsibility and risk, driving us to adopt practical, clear and patient action strategies to build highly transparentness and transparency and The rigorous indicator system, always self -examination and self -improvement. "

Enterprises must be profitable, but the mission of the enterprise cannot be profitable. ESG operations are interpreted in the second half of the sentence.

On August 29, 2022, the "2022 Alibaba Environment, Social and Governance Report" was released

At the same time, Zhang Yong, chairman and CEO of Alibaba, believes: "ESG will inevitably form Chinese standards and Chinese connotations in the extensive practice of Chinese companies." What is the connotation of the ESG operation? The important thing is the following points:

First of all, the connection between ESG international discourse and Chinese discourse. In fact, if you carefully analyze the sustainable development actions of the United Nations and the international ESG rating standards, many of them are inherently inherent in Chinese practice. Whether it is environmental protection, saving resources, or helping to help. In the report, Alibaba also emphasizes the construction of green mountains and green mountains, high -quality development of small and medium -sized enterprises, and better translation, which is conducive to the localization and popularization of ESG operations.

Secondly, in turn, use ESG's Chinese action to expand the connotation of ESG. ESG is not the criterion for death, it is a living action plan, and it is a continuously developing value container. As Ali's report reflects, in addition to the United Nations international standards, a series of actions such as common prosperity, rural rejuvenation, and fair educational equity are integrated into ESG. We saw in Alibaba's ESG report that in fiscal 2022, Alibaba reduced carbon at 619,944 tons, and users using Taobao visually impaired version reached 305,000. By the end of 2021, Taobao Village increased to 7023, and 832 poverty alleviation counties sold 128.1 billion yuan on the Ali platform.

Thirdly, ESG will be truly integrated into the practice of Chinese companies today, rather than staying on A4 paper. In our opinion, the most important point of Alibaba's ESG operation is to integrate sustainable development into commercial design. For example, the "Public Welfare Baby" project has been operating for 15 years, which can be described as truly practicing long -termism. A total of more than 8 million merchants participated in the "Public Welfare Baby" project, producing 47.3 billion love orders. Benefit. In other words, the real ESG action is not just starting today, it is the sum of a series of corporate goodwill operations.

Since 2019, Alibaba has sent 27 rural revitalization specialists to explore digital development plans for specific underdeveloped areas.

It is no exaggeration to say that the concept of ESG does not originate from the country, but China has become the action of the field. In the environmental field, the double -carbon target has clearly proposed and firmly implemented. The domestic new energy vehicle industry policy has achieved practical results. The carbon dioxide emissions of 100 million tons surpassed the EU to become the world's largest carbon market.

In this, an important background is: whether it is green development, rural rejuvenation, and common prosperity, the topic of ESG is promoted in China. It has a strong top -level design and the principals. Highly consistent. Therefore, when the ESG operation has a spacious and comfortable policy background in China, it also puts forward new requirements for Chinese companies: how to accelerate the combination of ESG operations with Chinese practice and social needs.

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