Sep 26, 2021|
JD’s Digital Contracting Platform Save Resources Tremendously
by Vivian Yang
JD Technology kicked off a new round of promotion of its digital contracting services on September 17th, aiming to bring the blockchain-based technology to more SMEs and support them to go paperless in business operation.
To date, JD’s digital contracting platform has assisted on managing over 4 billion contracts for more than 500,000 enterprise users. If a contract uses 10 pieces of A4 paper on average, the platform has accumulatively saved 40 billion pieces of paper so far, which equates to the save of 13 million trees and reducing more than 4 million tons of carbon dioxide emissions.
A number of China’s well-known enterprises such as Xiamen ITG Group Corp. adopted the platform recently, and estimates show that the service will help them save 80% time in the work of contract processing, and lower costs of contract signing by 60%.
Enabled by digital certificates and blockchain, the service makes sure that all parties in a transaction can share the same view of a live contract, and every step and revision of the contract is recorded, creating a tamper-proof audit trail. The blockchain system can also enable hashlock on confidential contracts to ensure the safety of the original document and data privacy.
As a one-stop solution, the platform offers contract templates, digital stamps, e-signing, archiving services and more. All data is strictly scrutinized before being connected to the platform, and will continue to go through rigid reviews in every step of data generation, transfer, storage and other actions to secure data authenticity. More importantly, the complete evidence chain is synchronized with courts, notary offices and other judicial bodies, ensuring contacts’ judicial validity and management efficiency.
Heavy technology aside, the platform is easy to use, as it supports multi-interfaces on computers, app, Wechat mini program and more, as well as simultaneous actions by different people.
New users of the platform will not only enjoy discounts and a service package for free, but also become a certified member of JD’s “zero-carbon enterprise” program.
May 6, 2023|
JD.com Recognized in FORTUNE China’s ESG Impact List for Second Consecutive Year
by Vivian Yang
JD.com, a leading supply chain-based technology and service provider, has been recognized on the 2023 FORTUNE China ESG Impact List for its outstanding achievements in promoting environmental, social, and governance (ESG) initiatives. The company’s inclusion in the 2023 list, released on May 5th, is a testament to its ongoing commitment to building green supply chains, supporting employee well-being, fighting against COVID-19, and other commendable efforts that contribute to sustainable and inclusive growth.
This year’s FORTUNE China ESG Impact List was compiled utilizing an extensive range of ESG data points and practices gathered from a comprehensive survey of participating companies. Despite intense competition and a more rigorous vetting process, JD.com has once again emerged as one of only 40 companies featured on this list.
“The 40 Chinese companies on the list have made significant efforts to improve the environment, protect employees, and support communities, collectively exploring a sustainable and inclusive path to growth,” noted FORTUNE China’s editorial team in releasing the new list.
De-carbonization efforts across its entire industry chain
JD.com has made significant strides in promoting sustainable development through its green supply chain infrastructure and digital technology. The company’s efforts to reduce carbon emissions span the entire industry chain, from warehousing and transportation to cloud computing and workplace operations.
In 2022, JD Retail’s cross-category trade-in service for old items led to a 430% year-on-year increase in trade-ins and helped save more than 150,000 tons of carbon emissions. JD Logistics launched the industry’s first original packaging certification standard, DWOP, and aims to apply it to over 80% of packages for e-commerce products by 2030. Meanwhile, JD Cloud has reduced carbon emissions by over 6,000 tons through its use of clean energy for more than 35% of its data center operations.
JD Property has installed photovoltaic power generation systems in 23 intelligent logistics parks and aims to provide green energy for 85% of its intelligent industrial parks through the use of PV power. JD Industrials has introduced the “Carbon Energy Cloud” solution, which has already helped enterprises to reduce 11,800 tons of carbon emissions.
In JD’s offices, energy-saving measures such as improved lighting systems and air conditioning units have resulted in significant reductions in electricity and water usage. In 2022, the company saved over 10 million KWH of electricity and 70,000 tons of water in its headquarters alone.
Comprehensive efforts to support COVID-19 response
In 20222, JD.com acted quickly to ensure the delivery of essential goods to COVID-stricken cities including Shanghai, Beijing, Chongqing, and other regions. The company mobilized tens of thousands of frontline employees across the country and went above and beyond to organize various transportation channels, including charter flights, all-cargo flights, sea shipping, and railway containers, to stabilize transportation capabilities and meet demands without price hikes.
In addition, JD Health provided telemedicine resources, connecting tens of thousands of doctors with people, and providing around-the-clock online consultation services while alleviating the pressure on offline hospitals.
In the first half of 2022 alone, JD.com contributed a total of RMB 2 billion in fighting COVID and waiving fees for merchants on its platform.
Enhancing employees’ well-being
JD.com has long been dedicated to providing high-quality employment opportunities. Over the past three years, the company has created 290,000 jobs, and its total workforce has reached over 550,000. The company pays social insurance and provident fund contributions and offers a variety of benefits and subsidies to its frontline employees. JD.com also supports its frontline workers in acquiring vocational skills certifications and academic advancement.
In addition, JD.com has made multiple supportive measures available for employees’ families. The company has set up dedicated funds to help employees in need afford a place to settle down or cover their children’s tuition, among other critical supports. Recently, JD.com announced the construction of a complex near its headquarters in Beijing, offering nearly 4,000 fully furnished apartments for young employees to help alleviate their housing burdens.
Over the course of two decades, JD.com has grown and transformed from a modest 1-meter stall located in China’s iconic technology hub, Zhongguancun, into a successful corporation recognized on the Fortune 500 list. Throughout this journey, JD.com has remained committed to its belief that the primary objective for achieving commercial success is to generate societal value. This commitment is consistent with ESG principles and drives the company to make contributions towards creating a more environmentally friendly, healthier, and compassionate society.
JD.com Opens First E-space Store in Indonesia
