NEW
YORK, Nov. 29, 2024 /PRNewswire/ -- Tuya
Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service
provider, was recognized at the "20 CASES FOR 20 YEARS" of Private
Sector Sustainable Development in China organized by UNGC, for its innovative
Home Energy Management System (HEMS). This recognition highlights
Tuya's deep commitment to ESG principles and its comprehensive
dedication to sustainable development.
This year marks the 20th anniversary of the introduction of the
ESG concept. To commemorate this milestone, UNGC launched the "20
CASES for 20 YEARS" initiative, inviting submissions from
businesses operating in China.
Following a rigorous evaluation process conducted by a case
selection committee comprising senior representatives from the
United Nations system and academic specialists, 20 exemplary
sustainable development cases were selected. These cases, including
those from Tuya, Tencent, Ant Group,
Trip.com, and CATL, were chosen for their economic efficiency,
practicality, scalability, innovation, and inclusivity. Moving
forward, these flagship cases will be promoted globally through
multilingual channels within the UN system, showcasing their impact
and fostering broader adoption.
Eva Na, Vice President of
Marketing and Strategic Cooperation and CMO of Tuya Smart stated: "We are honored that our HEMS
has been included in the UNGC's case collection. This recognition
reflects Tuya's unwavering commitment to balancing social
responsibility, environmental protection, and economic growth. Tuya
has consistently integrated smart technology into every link of the
energy chain. Through our HEMS, we have not only promoted smart
energy management but also inspired households to participate in
energy saving and carbon reduction, truly achieving participation
from everyone. In the future, we sincerely hope the HEMS can
provide experience and reference for more enterprises and
contribute collectively to promoting sustainable development."
Tuya Promotes Smart Energy Management with Innovative
Solutions
Tuya has always adhered to empowering various industries to
achieve smart energy management through AI and other cutting-edge
technologies. Considering household electricity accounts for as
much as 30% of power consumption in most countries globally, Tuya
has strategically developed the HEMS with foresight, providing
detailed energy consumption analysis reports and real-time
operational management options to help households advance towards
smart energy use.
In Singapore, where energy
demand is high, Tuya's HEMS has been widely adopted, with
projections indicating that it will help 1.8 million households
achieve an average energy savings of 25%. Some households have even
reported a remarkable 54% reduction in monthly electricity costs.
Furthermore, Tuya has partnered with local air conditioning
manufacturers to enable energy-efficient control through infrared
sensors integrated into the air conditioners. This initiative not
only brings tangible energy savings to Singaporean households but
also significantly contributes to the realization of Singapore's "Smart Nation" vision.
Tuya Collaborates with Partners to Boost Global Sustainable
Development
Adhering to the concept of win-win cooperation, Tuya closely
collaborates with numerous customers, developers, and governments,
actively practicing ESG principles and providing a series of
necessary tools and support to help them create personalized smart
solutions to face various energy management challenges.
In Europe, Tuya's collaboration
with Xanlite led to innovative smart home energy-saving solutions,
promoting green living in households across the region.
Additionally, Tuya formed partnerships with global entities such as
Nahui New Energy Technology by Haier Group and ESR，APAC's leading
real asset management group working to expand the adoption of smart
home energy management solutions globally.
It is also worth mentioning that Tuya recently participated in
the 29th Conference of the Parties to the United Nations Framework
Convention on Climate Change (COP29).
During the event, Tuya's HEMS and its application cases were
prominently featured, offering international attendees innovative
and efficient solutions for energy transition. This highlighted the
immense potential of smart energy management solutions in driving
global carbon reduction efforts and underscored Tuya's commitment
to advancing sustainability on a global scale.
By collaborating with global developers, businesses, and
governments, Tuya is accelerating the creation of a robust smart
ecosystem. This ecosystem has significantly enhanced Tuya's
capabilities in key ESG areas such as operational compliance,
ecological protection, workplace safety, and public welfare.
Looking ahead, Tuya will continue to deepen its exploration and
practice in the field of sustainable development, leading society
toward a smarter and greener future.
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SOURCE Tuya Smart
