Sep 16, 2022|
JD.com Ranks in BCG’s Most Innovative Companies 2022
by Yuchuan Wang
JD.com has been recognized for the second time as one of the most innovative companies in the world by Boston Consulting Group (BCG) in its 50 Most Innovative Companies of 2022 list released on September 15, ranking at 30th place.
The ranking is based in large part on a survey of more than 1,500 global innovation executives, with a combination of the company’s performance on four dimensions including global mindshare, industry peer view, industry disruption and value creation. Six other Chinese companies, namely Huawei (8th), Alibaba (22nd), Lenovo (24th), Xiaomi (31st), Tencent (41st) and ByteDance (45th) are also on the list this year.
BCG’s ranking this year specifically recognizes companies’ efforts in climate and sustainability (C&S). According to BCG, two-thirds of the companies in the 2022 survey ranked C&S as a top corporate priority and many of them were among the earliest to embrace environmental, social, and governance (ESG) principles and to establish decarbonization commitments.
JD.com has always attached great importance to C&S. The company’s “Green Stream Initiative” has addressed key environmental issues in the retail and logistics industry in terms of green warehousing, transportation, packaging and more.
In 2019, JD set a goal to reduce carbon emissions by 50 percent by the year 2030, and its logistics arm, JD Logistics, became the first company of China’s logistics sector to join the Science Based Targets initiative (SBTi). This year, JD.com also incorporated the TCFD framework in its annual ESG report for the first time.
To view BCG’s Most Innovative Companies of 2022 overview, visit: https://www.bcg.com/publications/2022/innovation-in-climate-and-sustainability-will-lead-to-green-growth