GlobalData offers a comprehensive analysis of Yonyou Network Technology, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Yonyou Network Technology‘s ESG performance. GlobalData’s company profile on Yonyou Network Technology offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Yonyou Network Technology, one of the leading cloud service provider, has set a target to achieve carbon neutrality by 2060. The company aims to achieve carbon peak for scope 1 and 2 emissions by 2030. Yonyou has taken several steps to reduce its carbon emissions, including expanding the use of clean energy such as geothermal and photovoltaic in multiple industrial parks, establishing an energy-saving work leading group, and promoting the "zero waste office" campaign. The company has also set up a green operation working group responsible for formulating the company's carbon emission reduction strategy and implementation strategy. Lyft's latest filings mentioned the keywords 'Carbon' and 'Clean Energy' most number of times in relation to 'Climate Change'.
According to Yonyou's 2022 Sustainability (ESG) Report, the company recorded an increase in greenhouse gas emissions from its Beijing industrial park. In 2022, emissions reached 28,487.20 tons of CO2, compared to 26,101.12 tons in 2021 and 24,118.01 tons in 2020. Yonyou has deployed a photovoltaic power station with a total installed capacity of 280 kilowatts and an annual power generation capacity of 416,902 kWh in Nanchang Industrial Park, reducing carbon dioxide emissions by about 251 tons. The company has also saved a total of 1,546,855 kWh of electricity in 2022, reducing carbon dioxide emissions by 934 tons.
Yonyou has helped professional equipment manufacturers transform into zero-carbon green energy service providers through its Yonyou Jingzhi platform. The platform enables enterprises to build smart factories according to their own pain points, realize intelligent manufacturing in a new mode, and promote energy consumption reduction, resource reduction, and emission reduction. Yonyou has also helped the steel industry achieve the goal of "carbon peak and carbon neutrality" through its "Yonyou Jingzhi + carbon peak and carbon neutrality" solution.
In conclusion, Yonyou Network Technology has set a target to attain carbon neutrality and aims to reach carbon peak for scope 1 and 2 emissions. The company has implemented various measures, including clean energy adoption and energy-saving initiatives. Yonyou's efforts to reduce carbon emissions and promote sustainability align with their goal of creating a greener future.