Vipshop Holdings Limited
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:70,292 tCO2e/year
Scope 1 Emissions:1,330 tCO2e/year
Scope 2 Emissions:68,962 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:82,421,146 kWh/year
Water Consumption:0.89 million m3/year
Waste Generated:687 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Corporate Governance
- Employee Well-being
- Environmental Conservation
- Public Welfare
Environmental Achievements
- Top in the “Packaging” category of the Dow Jones Sustainability World Indices (DJSI) for the second consecutive year.
- Reduced carbon emissions by 37,453 tons through photovoltaic power generation in logistics hubs.
- Reduced the use of plastic packaging bags by 40 million, saving 640 tons.
Social Achievements
- Launched the “Warm Spring Project” and “Climbing Project” to support brand partners affected by COVID-19.
- Invested over RMB 265 million in charity.
- Launched VIP Mothers program, providing 42,000 services to single mothers and other mothers in distress.
- Launched VIP Love Charity, attracting over 380,000 participants in two months.
Governance Achievements
- Improved internal control system, complying with Section 404 of the Sarbanes-Oxley Act.
- Established anti-corruption training for all employees.
- Obtained ISO 27001 certification for information security management system.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- COVID-19 outbreak impacting business operations and supply chains.
- Climate change posing physical and transition risks (flooding, extreme weather, regulatory changes).
Mitigation Strategies
- Provided financial and material support to Hubei province.
- Implemented five measures to support brand partners during the pandemic.
- Developed alternative sourcing strategies.
- Improved drainage systems, raised ground levels, and secured backup power supplies to mitigate physical climate risks.
- Formulated action plans to address transition risks related to climate change.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- ESG audit factors incorporated into supplier selection, evaluation, and elimination.
- Preference given to suppliers with ISO 9001 and ISO 14001 certifications.
- Agreement on Anti-commercial Bribery signed with all brand partners and suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Flooding warehouses and goods
- Traffic disruption
- Power outages
Transition Risks
- Impact of government policies, regulations, technologies, and market trends
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 27001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- 1
- 2
- 3
- 5
- 7
- 8
- 11
- 12
- 13
- 14
- 15
- 17
Vipshop's initiatives contribute to these SDGs through poverty alleviation, women empowerment, environmental protection, and sustainable business practices.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Guangzhou Women’s Innovation and Entrepreneurship Base Model Organization
- Wuhan Charity Federation Awards for Model Organization
- Hubei Charity Federation Five-star Philanthropic Unit
- Guangzhou Charity Association Excellent Company of the Year
- 2020 China Corporate Citizen 520 Responsible Brands
- Top 100 Chinese Internet Companies
- China Top 100 Private Enterprises in Service Sector
- China Top 500 Private Enterprises
- Guangzhou Civilized Unit