Dada Publishes 2022 ESG Report
May 31 2023 - 1:19AM
Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA),
China’s leading local on-demand delivery and retail platform, today
released its 2022 ESG report. In 2022, Dada remained steadfast in
its commitment to delivering a sustainable future. The report
details Dada’s key initiatives and development in ESG efforts
surrounding shareholders, employees, users, partners, and
community.
To view the report in full, please visit the ESG
section on the Company’s IR website at
https://ir.imdada.cn/corporate/environmental-social-and-governance.
Highlights of the Company’s ESG efforts and performance
include:
Responsible Governance for Sustained
Corporate Value
- Improving board
diversity: Female directors exceed 66% and independent
directors account for 50%; Directors are experienced in a wide
range of industries.
- Comprehensive risk
management: Internal audits cover 100% of business
operations backed by audit data monitoring platform.
- Strengthening
anti-corruption management: Over 20 training sessions were
held in 2022 and so far 100% of employees and board members have
been covered with business ethics trainings; All suppliers are
required to sign a Business Ethics Commitment Letter.
Nurturing Talent for Greater Business
Value
- Interest
protection: Over 95% of employees are covered by
collective agreements; We stick to equal pay for equal work
principle, with pay gap between male/female employees and overall
workforce around ±2% in 2022.
- Incentive pay:
Performance-based variable pay covers 100% of employees, and
long-term equity incentives have been granted to 18% of employees
by end of 2022.
- Career
advancement: Diverse online and offline training courses
are available to empower employees with 100% of employee coverage;
We facilitate employees’ career development by implementing
promotion program twice a year, with 13% of employees promoted in
Fall 2022.
- Open
communication: Effective channels are created for
employees to communicate with executives and employee feedbacks are
collected through satisfaction surveys, with employee satisfaction
score approaching 90 points in 22Q4.
Serving Users to Enhance Product
Value
- Product quality:
We bring convenient shopping experience to consumers via innovative
on-demand retail model, while continuously optimizing quality
management of merchants and products, with product quality-related
after-sales rate on JDDJ platform at only 0.35% in 2022.
- Fulfillment service
quality: We remain devoted to improving fulfillment
quality by optimizing technology and rider training, with
fulfillment rate of 95% and average delivery time of less than 30
minutes on Dada Now platform in 2022.
- User experience and
communication: Through interface and process refinement,
comprehensive user communication channels and high-quality customer
services, after-sales satisfaction rate reached 80% on JDDJ
platform in 2022.
- Privacy
protection: We have continuously upgraded App design to
optimize privacy protection based on principles including
minimization of data collection, with privacy protection related
NPS for JDDJ scored 76 in Nov 2022.
Empowering Partners to Drive Industry
Value
- New forms of
employment: Our crowdsource-based platform creates a large
number of job opportunities, with 1 million annual active riders in
2022, of whom over 80% are from lower-tier cities, and over 50,000
annual active pickers in 2022, of whom over 70% are women.
- Rider safety
protection: We provide all-round protection measures
before, during, and after the delivery process to ensure rider
health and safety, with accident rate per one million orders
decreased by 37% in 2022; We proactively engage in pilot program
for work-related injury insurance, which covered 220,000 Dada Now
riders by end of 2022.
- Rider earning
guarantee: Driven by a more comprehensive reward and
incentive system, reduction of penalty scenarios and improvement in
delivery efficiency, Dada Now riders’ hourly earnings grew by over
10% year-on-year in Dec 2022.
- Merchant
empowerment: We provide comprehensive support including
onboarding, training, system integration, fulfillment and favorable
policies to digitalize offline retailers, with annual active stores
on JDDJ platform exceeding 220,000 in 2022.
- Brand enablement:
We help brands achieve sales growth through innovative marketing
activities, and digitalize their promotion, supply optimization and
user operation processes, with the number of partnering brands
exceeding 280 in 2022.
Co-Building Community to Deliver Social
Value
- All-electric delivery
fleet: We deploy electric vehicles for intra-city
on-demand delivery, leading to a reduction of carbon emissions by
500,000 tons in 2022, while actively promoting clean energy-based
battery swapping services for riders’ e-bikes.
- Workplace carbon emission
reduction: With growing awareness for energy-saving among
employees and the implementation of cost-reduction measures, per
capita operation-related carbon emissions reduced by 43% to 0.35
tons in 2022. A further goal was set to achieve operation-related
carbon neutrality in five years.
- Sustainable
packaging: With improving packaging utilization and a
shift towards green packaging, packaging material consumption
decreased by 20% in 2022, of which 77% was biodegradable plastic
bags, covering 70% of orders on JDDJ.
- Social care: We
continued to serve elderly and disabled consumers through
aging-friendly and barrier-free version of JDDJ App, which
supported nearly 1,000 users every day and generated a total of
330,000 orders and over RMB57 million GMV in 2022.
- CSR recognition:
We are included in the “2022 List of Excellent Private Enterprises
in Corporate Social Responsibility (CSR)” released by the All-China
Federation of Industry and Commerce, being the only Shanghai-born
enterprise awarded.
Forward-Looking Statements
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations in this
announcement, contain forward-looking statements. Dada may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the “SEC”),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Dada’s beliefs, plans
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Dada’s strategies; Dada’s future business
development, financial condition and results of operations; Dada’s
ability to maintain its relationship with major strategic
investors; its ability to provide efficient on-demand delivery
services and offer quality on-demand retail experience; its ability
to maintain and enhance the recognition and reputation of its
brands; general economic and business conditions globally and in
China and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Dada’s filings with the SEC. All information provided
in this press release is as of the date of this press release, and
Dada does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
About Dada
Dada is a leading platform of local on-demand
retail and delivery in China. It operates JDDJ, one of China’s
largest local on-demand retail platforms for retailers and brand
owners, and Dada Now, a leading local on-demand delivery platform
open to merchants and individual senders across various industries
and product categories. The Company’s two platforms are
inter-connected and mutually beneficial. The Dada Now platform
enables improved delivery experience for participants on the JDDJ
platform through its readily accessible fulfillment solutions and
strong on-demand delivery infrastructure. Meanwhile, the vast
volume of on-demand delivery orders from the JDDJ platform
increases order volume and density for the Dada Now platform.
For more information, please visit
https://ir.imdada.cn/.
For investor inquiries, please
contact:
Dada Nexus LimitedMs. Caroline DongE-mail:
ir@imdada.cn
Christensen
In ChinaMr. Rene VanguestainePhone: +86-178-1749
0483E-mail: rene.vanguestaine@christensencomms.com
In USMs. Linda BergkampPhone:
+1-480-614-3004E-mail: linda.bergkamp@christensencomms.com
For media inquiries, please
contact:
Dada Nexus Limited E-mail: PR@imdada.cn
Dada Nexus (NASDAQ:DADA)
Historical Stock Chart
From Dec 2024 to Jan 2025
Dada Nexus (NASDAQ:DADA)
Historical Stock Chart
From Jan 2024 to Jan 2025