Yidu Tech Inc.
Climate Impact & Sustainability Data (2022, 2023-04-01 to 2024-03-31)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Public health
- Research
- Diagnosis and treatment
- Data security and privacy protection
- Green healthcare
- Sustainable development
- Corporate social responsibility
- Employee well-being
- Supply chain sustainability
- Intellectual property protection
- Risk management
- Compliance
- Board diversity
Environmental Achievements
- Reduced energy consumption density to 0.65 MWh per employee and 0.03 MWh per m2 in FY2022.
- Reduced water consumption density to 1.22 m3 per employee and 0.06 m3 per m2 in FY2022.
- Reduced non-hazardous waste intensity to 6.50 kg per employee in FY2022.
Social Achievements
- Launched the “Dandelion Project” to improve employee well-being.
- Provided compliance training for all employees.
- Maintained a high percentage of female employees (51%).
- No work-related casualties in the past three years.
- Donated approximately RMB19.9 million to charitable causes.
- Improved patient recruitment efficiency by 100% and reduced screening failure rates by 60% in a Phase III clinical trial.
Governance Achievements
- Established an ESG working group to oversee ESG matters.
- Implemented strict quality control measures and obtained Quality Management System Certification (GB/T 19001-2016/ISO9001:2015).
- Developed and implemented various risk management policies and internal control processes.
- Adopted the Model Code for Securities Transactions.
- Obtained various information security management system certificates, including Information Security Management System Certification (GB/T 22080-2016/ISO/IEC 27001: 2013).
Climate Goals & Targets
- Carbon neutrality
Environmental Challenges
- Rapid changes in AI, big data analytics, and other technologies.
- Maintaining compliance with data protection and privacy-related laws and regulations.
- Competition in the healthcare big data solutions market.
- Managing growth and expansion of business and operations.
- Potential risks associated with contractual arrangements due to PRC regulations on foreign investment.
Mitigation Strategies
- Continuous investment in R&D and establishment of a multi-domain team.
- Strict adherence to data protection and privacy laws and regulations.
- Focus on independent innovation and core technology capabilities.
- Implementation of robust risk management and internal control systems.
- Close monitoring of the regulatory environment and developments in PRC laws and regulations.
Supply Chain Management
Responsible Procurement
- Consideration of environmental and social responsibility in supplier selection.
- Requirement for ISO management system certifications from suppliers.
- Compliance with national environmental protection standards.
- Ensurance of no illegal employment and reasonable remunerations for supplier employees.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather (typhoons, heavy rain)
- Hot weather impacting employee health and energy demand
Transition Risks
- Stricter environmental regulations
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 to the Rules Governing the Listing of Securities on the Main Board of the Stock Exchange)
Certifications: GB/T 19001-2016/ISO9001:2015 (Quality Management System), GB/T 22080-2016/ISO/IEC 27001: 2013 (Information Security Management System), ISO/IEC 27017: 2015 (Cloud Service Information-Security Management System), ISO/IEC 27018: 2014 (Personally Identifiable Information Security Management System), ISO/IEC 20000-1: 2018 (Information Technology Service Management System)
Third-party Assurance: PricewaterhouseCoopers
Awards & Recognition
- 7th among the 2020 Artificial Intelligence Enterprises Top 100
- 2020–2021 Future Healthcare VB100 Pengcheng Awards Best-Performing Public Companies Top 15
- 2020 National Healthcare Artificial Intelligence Innovation Award
- Insurance Innovation Case Award
- 2021 Chinese R&D CRO Enterprises Top 20
- 2021 Extraordinary Investment Value Companies
- China Brand Innovation Cases
- No. 1 in the 2021 Healthcare Big Data Enterprise Ranking
- 2021 Healthcare AI Leading Enterprises
- 2021 Listed Companies of Excellence
- Most-Notable IPO for the Year
- ESG Green Company Star
- 2021 Precision Healthcare Technology Innovation Award
- Innovative Applications of Artificial Intelligence Awards
- Health Data Circulation and Protection Application Cases
- 2021 Digital Solutions Awards
- Excellent Cases of Multi-Level Medical Security — Beijing Pu Hui Jian Kang Bao Program
- Most Popular New IPO Companies
- Best Artificial Intelligence Companies Top 30
- 2022 “Specialized and New” Small and Medium-Sized Enterprises in Beijing
- China Patent Excellence Award
Reporting Period: 2023-04-01 to 2024-03-31
Environmental Metrics
ESG Focus Areas
- Green healthcare
- Tech for Social Good
- Sustainable corporate governance
Environmental Achievements
- Reduced carbon emissions by 74.41 tonnes of CO2e
- Reduced energy consumption by 102.67 MWh
- Reduced paper consumption by approximately 32%
- Reduced total amount of non-hazardous waste by 1,013 kilograms (approximately 24.3%)
Social Achievements
- Launched diabetes digital therapeutics solutions in Hainan Province, improving blood glucose compliance rate
- Reduced employee turnover rate from 39.54% to 25.94%
- Provided 24/7 health management services to over 5 million users
- Conducted 224 sessions of “Training on Professionalism” and 27 sessions of other trainings, with 9,480 participants
Governance Achievements
- Established an effective internal control and risk management system
- Established the Audit Committee, the Remuneration Committee and the Nomination Committee
- Adopted the board independence policy
- Implemented a comprehensive anti-money laundering system
- Developed the Management System for Complaint, Whistle-blowing and Suggestion
Climate Goals & Targets
- Achieve carbon neutrality
- Not disclosed
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to macroeconomic environment and COVID-19
- Rapid changes in AI, big data analytics and other technologies
- Compliance with data protection and privacy-related laws and regulations
- Competition in the healthcare big data solutions market
Mitigation Strategies
- Focusing on core business, improving internal operating efficiency and earnings quality
- Continued investment in AI technology, especially in the development and commercialization of proprietary large language model
- Strict compliance with relevant laws and regulations
- Continuous upgrading and iteration of intelligent “AI medical brain” YiduCore
- Strengthening “two-pronged” strategy in BDPS segment (horizontal expansion and vertical deepening)
Supply Chain Management
Responsible Procurement
- Prioritizing suppliers with ISO environmental quality management system certification
- Requiring energy-saving product certification certificates
- Incorporating environmental and social performance into supplier performance evaluation
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
- Hot weather
Transition Risks
- Stricter environmental regulations
- Reputational risks
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: Appendix C2 Environmental, Social and Governance Reporting Guide to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Certifications: GB/T 19001 –2016/ ISO9001:2015 (quality management system certification)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 11 (Sustainable Cities and Communities)
- Goal 13 (Climate Action)
- Goal 3 (Good Health and Well-being)
Yidu Tech's initiatives contribute to these goals through green healthcare, employee development, sustainable supply chain, responsible marketing, and climate action.
Sustainable Products & Innovation
- YiduCore
- Diabetes digital therapeutics solutions
Awards & Recognition
- 6th New Fortune Best IR Hong Kong Listed Company
- Top 3 of the “Intelligent Healthcare Enterprises Ranking”, and many others