Potential offtaker

Alibaba Health Information Technology Limited

www.alihealth.cn

Estimated electricity consumption

N/A

Countries of production presence

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Alibaba Health Information Technology Limited is a Hong Kong-based company that operates in the Pharmacies & Drug - Online sector. The company is a subsidiary of Alibaba Group Holding Limited, a Chinese multinational conglomerate that specializes in e-commerce, retail, and technology.

Alibaba Health Information Technology Limited was established in 2015 and has since become one of the leading online pharmacies in China. The company offers a wide range of healthcare products and services, including prescription drugs, over-the-counter medications, medical devices, and health management services.

As a subsidiary of Alibaba Group, Alibaba Health Information Technology Limited is committed to the company's sustainability goals, including decarbonisation and the use of renewable energy. The company has implemented various initiatives to reduce its carbon footprint and promote corporate energy efficiency.

One of the key initiatives undertaken by Alibaba Health Information Technology Limited is the implementation of a Corporate Power Purchase Agreement (PPA) for renewable energy. A PPA is a contract between a renewable energy provider and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy from the provider at a fixed price over a specified period.

Through its PPA, Alibaba Health Information Technology Limited has committed to purchasing renewable energy from a wind farm in Inner Mongolia. The wind farm is expected to generate approximately 200 million kWh of renewable energy per year, which is equivalent to the annual electricity consumption of 100,000 households.

In addition to its PPA, Alibaba Health Information Technology Limited has also implemented various energy efficiency measures to reduce its carbon footprint. The company has invested in energy-efficient lighting and HVAC systems, as well as building automation systems to optimize energy consumption.

Alibaba Health Information Technology Limited has also implemented a green logistics program to reduce the environmental impact of its transportation operations. The company has optimized its delivery routes and implemented a fleet of electric vehicles to reduce emissions and promote sustainable transportation.

In addition to its sustainability initiatives, Alibaba Health Information Technology Limited has also implemented various measures to promote corporate social responsibility. The company has established a Code of Conduct for its suppliers, which includes provisions for labor rights, environmental protection, and ethical business practices.

Alibaba Health Information Technology Limited has also established a Corporate Social Responsibility Committee to oversee the company's sustainability and social responsibility initiatives. The committee is responsible for developing and implementing policies and programs to promote sustainability and social responsibility across the company.

In conclusion, Alibaba Health Information Technology Limited is a leading online pharmacy in China that is committed to promoting sustainability and social responsibility. The company has implemented various initiatives to reduce its carbon footprint and promote renewable energy, including a Corporate PPA for renewable energy and energy efficiency measures. The company has also established a Code of Conduct for its suppliers and a Corporate Social Responsibility Committee to oversee its sustainability and social responsibility initiatives.

✓ Declared Net Zero commitment