Dec 22, 2023|

Dada Receives ESG Rating Upgrade from MSCI


Dada Nexus Limited (NASDAQ: DADA, “Dada”), China’s leading local on-demand delivery and retail platform, and a wholly consolidated subsidiary of, recently received an ESG (Environmental, Social, and Governance) rating upgrade from Morgan Stanley Capital International (“MSCI”). Dada’s ESG rating was upgraded from “BBB” to “A”.

MSCI ESG Ratings provide an opinion of companies’ management of financially relevant ESG risks and opportunities. The latest upgrade recognizes Dada’s firm commitment to sustainable development and continuous improvement in ESG practices. In particular, Dada outperformed the industry in multiple categories including carbon emissions, privacy & data security and corporate behavior.

In addition, in September 2023, Dada received an ESG score of 36 in the S&P Global Corporate Sustainability Assessment, ranking it among the top 16% in global peers of FDR Food & Staples Retailing.

Dada has been incorporating ESG philosophies and standards into its business operations as part of its sustainable development strategy. In May 2023, Dada published its 2022 ESG Report, comprehensively disclosing its governance, management approach and practices in key ESG issues. Several highlights include:

On the environmental front, Dada aims to promote end-to-end carbon emission reduction.

  • In 2022, Dada Now’s intra-city on-demand delivery service covered over 1.8 billion kilometers, with electric vehicles accounting for almost 100% of its fleet. This has resulted in a significant reduction of approximately 500,000 tons of greenhouse gas (GHG) emissions compared with deliveries made with gasoline vehicles.
  • Since 2020, JDDJ has gradually transitioned from ordinary plastic bags to biodegradable plastic bags, which covered around 70% of total orders on JDDJ in 2022.
  • Dada also strives to foster a low-carbon culture in workplaces, with scope 1 and 2 GHG emission intensity reducing by over 50% to 0.11 tons per RMB million revenue in 2022.

On the social front, Dada practices “win-win development” together with employees and ecosystem partners.

  • Pursuing the equal pay for equal work principle, Dada saw the pay gap between male/female employees and overall workforce at merely ±2% in 2022.
  • JDDJ enters in in-depth partnerships with retailers and brands in China, helping partners seize on-demand retail opportunities and enhance operating efficiency. It has now onboarded over 400,000 offline stores and cooperated with around 300 brand partners, serving users across 2,200 cities and counties.
  • Dada Now provides employment opportunities for a wide range of flexible workers, with around 1 million annual active riders in 2022, of which over 80% were from lower-tier cities. Dada Now has also launched comprehensive safety protection measures and established effective incentive schemes to protect riders’ interest, while actively providing training and care for riders to enhance their experience.

On the governance front, Dada focuses on improving its corporate governance and practicing responsible business conduct.

  • Dada is committed to enhancing board diversity and professional skills, strengthening risk management, and adhering to business ethics.
  • Dada attaches great importance to user privacy and data security. In the end-to-end process of user data collection, storage, computing, usage, sharing and destruction, Dada upholds the principle of protecting user rights and interests. It also integrates user privacy protection philosophy into product R&D. For example, since 2019, Dada Group has implemented a virtual number program to protect user privacy.

To view Dada’s ESG report in full, please visit the ESG section on Dada’s IR website at