JS Global Lifestyle Company Limited
Climate Impact & Sustainability Data (2022-01 to 2022-06)
Reporting Period: 2022-01 to 2022-06
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Social welfare
- Employee management
- Supply chain management
Environmental Achievements
- Refurbished 818,899 products, generating a revenue of USD13,832,973 via waste recycling and reduction
- Joyoung afforested an area of 27,845 square meters
- SharkNinja’s European headquarters achieved carbon neutrality
- Total photovoltaic power generated by Joyoung was 3,163,198 kWh, representing a self-consumption rate of 86%
Social Achievements
- Spent USD2.66mn on charity activities, with 697 volunteers contributing 7,727 hours of volunteer services
- Joyoung’s “Joyoung Charity Kitchen” projects benefited 2.6+ million students
- Joyoung and its founding team pledged to donate RMB110mn+ to the “Joyoung Charity Kitchen” project in the next ten years
Governance Achievements
- Established an effective ESG framework
- No violations of laws and regulations were recorded in 2021
- Responded to the CDP climate questionnaire for the first time
- Revised and disclosed 5 sustainability policies
Climate Goals & Targets
Environmental Challenges
- Slowdown of China’s economic growth in Q2 2022 and slow recovery of consumer demand
- Uncertain geopolitical situation and unfavorable exchange rate factors in Europe
- Historically high inflation in North America
- Elevated ocean freight costs
- Commodity & component cost increases
Mitigation Strategies
- Effective business strategies and new product launches in North America
- Continued focus on market share gains
- Prioritizing and managing shipments to maximize container volume under negotiated contract rates
- Achieving economies of scale by aggregating SharkNinja and Joyoung volume
- Optimizing supply chain through design optimization, new factory partnerships, subcomponent localization, and spot buys
- Right-sizing inventory at retail and warehouse network
- Strategic media investments to support new category launches and international expansion
- Cost optimization initiatives
Supply Chain Management
Supplier Audits: SharkNinja: annual audits on key tier-1 suppliers; Joyoung: auditing of 22 suppliers
Responsible Procurement
- Supplier Code of Conduct
- BSCI or SMETA standards audits
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 14001:2015, ISO/IEC 27001:2013
Awards & Recognition
- Seven Home Industry Performance Awards from NPD Group