HANGZHOU, China, June 30, 2020 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES; HKEX: 9999) (“NetEase” or “the Firm”), one in every of China’s main web and on-line recreation companies suppliers, as we speak introduced that it has revealed its first Environmental, Social and Governance (ESG) report, outlining the Firm’s ESG insurance policies and efficiency. The report additionally supplies perception into NetEase’s choice making, which considers the impression its actions have on its customers, staff, enterprise companions and all stakeholders.
“NetEase has at all times believed within the energy of know-how and the deep social accountability that comes with it. Because the Firm grew larger through the use of know-how to supply customers with the perfect product experiences in training, leisure, consumption, meals security and others, our social tasks additionally grew,” mentioned NetEase CEO Mr. William Ding. “After greater than twenty years of operations, we all know our long-term dedication to social tasks will underpin our sustained management in a hypercompetitive and ever-changing market.”
To view the report in full, please go to the ESG part on NetEase IR web site at http://ir.netease.com/static-files/261a1655-0b2e-416c-b670-c715f9f4691f.
The Firm’s core ESG priorities embrace social efforts, human capital, cybersecurity, privateness and knowledge safety, setting, governance, enterprise ethics and shareholder returns. Highlights of the Firm’s achievements embrace:
On-line Video games:
As one of many first firms in China to undertake anti-addiction measures for minors’ on-line recreation utilization, NetEase has advocated for insurance policies to curb minors overuse of on-line video games, akin to:
- Pioneered on-line recreation anti-addiction measures for youngsters (starting as early as 2007).
- Launched a “minor safety manifesto” along with different business leaders to advertise nationwide efforts geared toward combating on-line recreation dependancy.
NetEase has explored a variety of approaches to empower studying with superior know-how, together with:
- Investing RMB100 million to enhance live-streaming courses for areas that lack entry to high-quality training, benefiting greater than 300 faculties in rural areas of China.
- Launching NetEase Open Programs, one of many earliest and largest free on-line training platforms in China.
- Initiating “Give out a E-book” challenge, which inspires customers’ every day studying habits and supplies books to kids in much less developed areas.
By means of NetEase Cloud Music, NetEase supplies a key platform for Chinese language unbiased musicians and boosts the sign for necessary social points via actions together with:
- Providing an annual incentive of RMB100 million to main unbiased artists.
- Making a devoted fund that helps musicians struck by sickness or different accidents.
- Elevating public consciousness of social points akin to animal welfare and youngsters’s wellbeing.
E-commerce, Media and Others:
NetEase Yanxuan pioneered a brand new modern e-commerce enterprise mannequin that:
- Gives producers in China with the power to effectively design, manufacture, and promote merchandise on to clients, altering the face of China’s retail market.
- Helps impoverished teams set up profitable commerce and create their very own economically thriving communities with tasks akin to Yanxuan’s “Model Creation for Poverty Alleviation Plan.”
NetEase Weiyang, the agricultural arm of NetEase:
- Operates quite a few farms which are used for agricultural analysis and the business manufacturing of agricultural items.
- Gives modern options, powered by know-how, to handle points akin to meals security and air pollution management, which native governments encourage conventional farms in China to undertake.
NetEase has applied quite a few measures to make sure its enterprise practices minimally impression our surroundings, together with:
- Sourcing bodily servers from well-known server producers that adjust to power eﬃciency requirements akin to “Vitality Star” necessities and the SPECpower benchmark.
- Putting in good lighting management methods in workplace buildings, that are anticipated to cut back power consumption by as a lot as 90%.
- Decreasing exhaust emissions by over 57 tons and carbon dioxide by 448 tons by encouraging the usage of electrical autos and utilizing environmentally pleasant development supplies in workplace buildings.
NetEase adheres to strict company governance requirements and complies with the relevant guidelines of the Nasdaq Inventory Market. Every of its Board committees is comprised solely of unbiased administrators, selling a robust governance framework to propel a tradition of ethics and integrity.
Since its institution, NetEase has fulfilled its commitments to communities in probably the most important occasions. Through the world COVID-19 disaster, NetEase was one of many ﬁrst firms to take an energetic function within the nationwide and worldwide aid efforts via anti-epidemic work, together with:
- Establishing an anti-virus fund of RMB100 million to supply medical provides, epidemic options and subsidies for frontline staff.
- Launching free on-line programs for main and center college college students in Wuhan after town was quarantined, and subsequently made these programs obtainable nationwide.
Mr. William Ding added, “This yr marks our 20th anniversary as a public firm. It additionally comes at a time when the world goes via one of many worst well being and financial crises of our technology. Regardless of the pandemic, we imagine NetEase will come out stronger, supported by our one billion customers, 21,000 staff and $10 billion in money. This provides us much more of a motive to think about others, assist others, and act responsibly towards all our stakeholders, communities and setting. We’re dedicated to rising our deal with these subjects and to often evaluating our rising portfolio of on-line services in gentle of our ESG objectives, and difficult ourselves to repeatedly enhance.”
NetEase has been rising steadily over the previous 20 years and has introduced important returns to shareholders, and is without doubt one of the only a few web firms across the globe that pays an everyday dividend. As of as we speak, NetEase has paid out over US$three billion in dividends. In its report, the Firm highlights the significance of ESG components behind its sturdy and regular development, whereas reiterating its ongoing emphasis on these components.
NetEase is devoted to reporting transparency on ESG issues. The ESG report can also be designed to information readers to the place they’ll entry extra details about speciﬁc subjects of curiosity.
About NetEase, Inc.
As a number one web know-how firm primarily based in China, NetEase, Inc. (NASDAQ: NTES; HKEX: 9999) is devoted to offering premium on-line companies centered round modern and numerous content material, group, communication and commerce. NetEase develops and operates a few of China’s hottest cellular and PC-client video games. In more moderen years, NetEase has expanded into worldwide markets together with Japan and North America. Along with its self-developed recreation content material, NetEase companions with different main recreation builders, akin to Blizzard Leisure and Mojang AB (a Microsoft subsidiary), to function globally famend video games in China. NetEase’s different modern service choices embrace the clever studying companies of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming via its main NetEase Cloud Music enterprise; and its personal label e-commerce platform, Yanxuan. For extra data, please go to: http://ir.netease.com.
This announcement comprises forward-looking statements. These statements are made underneath the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology akin to “will,” “expects,” “intention,” “anticipates,” “future,” “intends,” “plans,” “believes,” “might,” “estimates,” “potential,” “proceed,” “ongoing,” “aim,” “targets,” “steerage,” “commits” and comparable statements. Amongst different issues, statements that aren’t historic info, together with statements about future development, the Firm’s present and future place within the markets during which it operates, enterprise plans and projections, the completion of transactions and the strategic objectives of transactions, are or comprise forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. All data contained on this announcement is as of the date of this announcement and are primarily based on assumptions believed to be affordable as of this date. You shouldn’t depend on these forward-looking statements as predictions of future occasions. The Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant regulation.
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SOURCE NetEase, Inc.
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