NaaS Won the "Best Listed Company at ESG Information Disclosure"

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NaaS Technology Inc. (NASDAQ: NAAS) won the 'Best Listed Company at ESG Information Disclosure' award at the 13th Hong Kong International Financial Forum & the Golden Bauhinia Awards Ceremony 2023. The company has been recognized for its commitment to integrating ESG into its corporate development philosophy and promoting sustainable development practices.

Insights

Financial Analyst

The recent accolade received by NaaS for 'Best Listed Company at ESG Information Disclosure' underscores the company's commitment to environmental, social and governance (ESG) principles. This recognition may positively influence investor perception, particularly among those prioritizing sustainable and responsible investments. The announcement of NaaS's reduction of 1.463 million tons of carbon emissions in the first half of 2023 can be seen as a direct reflection of operational efficiency and a strong ESG profile, potentially leading to increased investor confidence and an enhanced corporate image.

Strategic partnerships, such as the one with Kuaidian and the adoption of innovative carbon credit systems, are likely to improve customer engagement and brand loyalty, which can translate into a competitive advantage. NaaS's involvement in global initiatives like the SBTi and the UNGC, along with its goal to achieve carbon neutrality by 2028, may open doors to new markets and partnerships and possibly result in favorable financing terms due to its strong ESG stance.

However, achieving such targets requires substantial investment in technology and innovation, which could impact short-term profitability. Investors should be aware of the potential for increased capital expenditures and the need for a balanced approach to funding these initiatives without jeopardizing financial stability.

Industry Analyst

NaaS's leadership in ESG disclosure within the new energy sector is indicative of a broader industry trend towards sustainability and transparency. The company's involvement in drafting the 2023 Whitepaper on China's Carbon Inclusion Development positions it as a thought leader in the space, potentially influencing industry standards and practices. The emphasis on user behavior in the whitepaper suggests that NaaS is not only focusing on corporate actions but also on driving consumer-centric sustainable practices, which could shape market expectations and consumer habits.

As the industry moves towards decarbonization, NaaS's proactive approach to carbon inclusion and its commitment to achieving carbon neutrality could set a benchmark for other companies. This can lead to competitive pressures within the industry to match such ESG standards, potentially driving innovation and improving overall industry sustainability.

However, while NaaS's ESG initiatives are commendable, it is crucial to monitor the feasibility and scalability of such practices, as well as their actual impact on emissions reduction relative to the industry average. The company's future plans to upgrade technology and innovate its model will require careful scrutiny to ensure they align with the business's strategic goals and market demand.

Sustainability Expert

The recognition of NaaS in ESG information disclosure is a testament to the increasing importance of sustainability in corporate strategy. NaaS's approach to integrating ESG into daily operations and its ambitious targets, such as carbon neutrality by 2028, reflect an advanced understanding of the long-term value of sustainability. The company's strategy to engage consumers through carbon credits could be a transformative model for incentivizing sustainable behavior in the broader market.

The company's role in creating the first whitepaper on carbon inclusion in China, with a comprehensive analysis of user behavior and transaction patterns, indicates a sophisticated approach to addressing climate change. This level of detail and analysis in ESG reporting can be a powerful tool for stakeholder engagement and may encourage other companies to adopt more rigorous sustainability practices.

While these developments are positive, the true measure of success will be the long-term impact of these initiatives on the company's carbon footprint and the wider industry. The implementation of these ambitious goals will require ongoing evaluation to ensure they are not only aspirational but also attainable and effectively contributing to global sustainability efforts.

BEIJING, Dec. 21, 2023 /PRNewswire/ -- On December 15, the 13th Hong Kong International Financial Forum & the Golden Bauhinia Awards Ceremony 2023 kicked off under the theme "Take on a New Look and Write a New Chapter" in Hong Kong. The event was jointly hosted by Ta Kung Wen Wei Media Group, the Listed Companies Association of Beijing, the Hong Kong Chinese Enterprises Association, Chinese Financial Association of Hong Kong, Chinese Securities Association of Hong Kong and the Hong Kong Chartered Governance Institute.

At the forum, the organizer awarded the economist of the year, CEO of outstanding listed companies, companies and institutions for their excellent performance in business management, service level, market development and social responsibility. NaaS (NASDAQ: NAAS) won the "Best Listed Company at ESG Information Disclosure".

As the winner of "Best Listed Company at ESG Information Disclosure", NaaS not only integrates ESG into corporate development philosophy for daily operation, but also takes the lead in jointly publishing industry reports with authoritative organizations and enterprises to share the latest research results of China in the field of carbon inclusion with the world.

As a global new energy asset operator, NaaS provides one-stop services for all enterprises along the industrial chains, including charging station siting consultation, EPC engineering, operation & maintenance, power storage, PV and autonomous charging robot. With green sources, stations and uses, the company enables green and low-carbon operation in all sectors of charging services. In the first half of 2023, NaaS reduced 1.463 million tons of carbon emissions. In the meantime, NaaS has developed and promoted an inclusive carbon innovation mechanism. By teaming up with strategic partner Kuaidian, the company motivates users to engage in cutting carbon emissions by awarding carbon credits. By the end of 2022, the service has garnered more than 463,000 EV users.

The practice of sustainable development by NaaS has been recognized by international organizations. In August 2023, NaaS became China's first new energy charging service provider joining "Science Based Targets initiative (SBTi)" with an ambitious targets. In October, NaaS joined the United Nations Global Compact (UNGC), which is another great achievement in ESG.

At COP28, NaaS published 2023 Whitepaper on China's Carbon Inclusion Development that is collectively drafted by 10 organizations, including NaaS, China Carbon Neutrality Forum, Chengdu "Tan Hui Tian Fu" Green Public Welfare Platform, Wuhan "Wutanjianghu" Platform, SGS, Alibaba Cloud and Zeekr. This is the first whitepaper on carbon inclusion in China and even the world, focusing on industrial engagement and user behavior analysis. It gives full account of the background of China's carbon inclusion development, projects and use cases of emissions reductions through carbon inclusion, platform/mechanism analysis, user behavior analysis, transaction patterns and applications thereof. It also gives full account of the background of China's carbon inclusion development, projects and use cases of emissions reductions through carbon inclusion, platform/mechanism analysis, user behavior analysis, transaction patterns and applications thereof.

Furthermore, NaaS has devised corporate carbon emissions reduction targets and planned to achieve carbon neutrality in operation by 2028. In the future, NaaS will continue to upgrade its technology and innovate its model, empower green and low-carbon operation in all aspects of charging services, promote the innovative mechanism of carbon inclusion, continuously optimize ESG governance and information disclosure, and realize the vision of "Empower the World with Green Energy".

Media Contact: Sabrina Wang, wangxuedong@newlink.com

View original content:https://www.prnewswire.com/news-releases/naas-won-the-best-listed-company-at-esg-information-disclosure-302021437.html

SOURCE NaaS Technology Inc.

FAQ

What award did NaaS Technology Inc. win at the 13th Hong Kong International Financial Forum & the Golden Bauhinia Awards Ceremony 2023?

NaaS Technology Inc. (NASDAQ: NAAS) won the 'Best Listed Company at ESG Information Disclosure' award.

What does NaaS Technology Inc. specialize in?

NaaS Technology Inc. specializes in providing one-stop services for new energy asset operators, including charging station siting consultation, EPC engineering, operation & maintenance, power storage, PV, and autonomous charging robot.

What recognition has NaaS Technology Inc. received for its sustainable development practices?

NaaS Technology Inc. has been recognized by international organizations for its sustainable development practices, including becoming China's first new energy charging service provider to join the 'Science Based Targets initiative (SBTi)' and joining the United Nations Global Compact (UNGC).

What are the future plans of NaaS Technology Inc. regarding carbon neutrality?

NaaS Technology Inc. has devised corporate carbon emissions reduction targets and plans to achieve carbon neutrality in operation by 2028. The company aims to continue upgrading its technology and innovating its model to empower green and low-carbon operation in all aspects of charging services.

What is the significance of NaaS Technology Inc.'s 2023 Whitepaper on China's Carbon Inclusion Development?

The 2023 Whitepaper on China's Carbon Inclusion Development, published by NaaS Technology Inc., is the first whitepaper on carbon inclusion in China and the world. It focuses on industrial engagement and user behavior analysis, providing a comprehensive account of China's carbon inclusion development, projects, and use cases of emissions reductions through carbon inclusion.

What are the key achievements of NaaS Technology Inc. in promoting green and low-carbon operation?

NaaS Technology Inc. has reduced 1.463 million tons of carbon emissions in the first half of 2023 and has developed and promoted an inclusive carbon innovation mechanism. The company has also joined strategic partner Kuaidian to motivate users to engage in cutting carbon emissions by awarding carbon credits, garnering more than 463,000 EV users by the end of 2022.

What organizations collaborated with NaaS Technology Inc. on the 2023 Whitepaper on China's Carbon Inclusion Development?

The 2023 Whitepaper on China's Carbon Inclusion Development was collectively drafted by 10 organizations, including NaaS Technology Inc., China Carbon Neutrality Forum, Chengdu 'Tan Hui Tian Fu' Green Public Welfare Platform, Wuhan 'Wutanjianghu' Platform, SGS, Alibaba Cloud, and Zeekr.