Recently, the Outlook 2025 summit hosted by Bloomberg Businessweek was held in Shanghai. During this event, the 2025 Bloomberg Green Gold China ESG 50 list was officially announced. Naas technology (NAAS.US) was recognized by review experts for its innovative sustainable development concept and low-carbon practices in electric vehicle charging, earning a spot on the "Top 50 ESG Companies to Watch in China" list and achieving the title of "Outstanding Project," making it the only electric vehicle charging service company on this list. Other well-known companies that also received this award include Chint, Didi Global Inc, McDonald's, Prologis, ZTE, among others.

The Bloomberg Green Gold ESG 50 list holds high authority and influence in the industry. The selection event was jointly initiated by Bloomberg Businessweek and Bloomberg Green Gold in collaboration with the globally renowned accounting firm Deloitte and recognized experts, evaluating leading ESG companies through enterprise interviews, ESG data surveys, and professional assessments by institutions and review panels, promoting in-depth communication and sharing among enterprises to facilitate sustainable economic development and build a green economy system.

Naas technology has always integrated ESG governance into its business operation development, promoting the green co-construction of the electric vehicle charging value chain upstream and downstream. The General Manager of Sustainable Development at Naas technology, Zhai Yubo, stated that this year, Naas technology has upgraded its ESG sustainable development strategy, creatively proposing the GREEN sustainable development strategy and value model - "Green Charging, Green World", focusing on the five ESG action pillars of Governance, Reinvention, Eco-consciousness, Empathy, and Nurture, forming a closed loop of operational performance management across 20 sub-sectors to achieve full business and scenario coverage of ESG lifecycle management.

Domestic transportation energy carbon emissions account for more than 10% of the entire society, while replacing rbob gasoline vehicles with electric vehicles is the only path to reduce carbon emissions, and the potential is enormous. Naas technology actively participates in the research on carbon reduction methodologies for electric vehicle charging services and the innovation of carbon asset trading models. The company was the first in the industry to establish carbon accounts for electric vehicle charging, allowing electric vehicle owners to earn carbon credits through their charging actions, which are recorded in a carbon ledger, and the carbon credits earned can be used for charging cash deductions, achieving a closed loop of carbon reduction trade. Recently, the company also participated in Wuhan to complete the first carbon-inclusive emission reduction certification in the domestic electric vehicle charging service industry, taking an important step towards monetizing carbon inclusive trading. As of June 30, 2024, the number of users on the fast charging platform utilizing carbon accounts has reached 0.8 million.

As an important indicator for measuring a company's ESG performance, the carbon reduction effect of electric vehicle charging is significant, with higher public engagement and recognition compared to other low-carbon and zero-carbon scenarios. In 2023, Naas technology's total carbon reduction from electric vehicle charging reached 3.293 million tons, and the total procurement of clean energy electricity reached 0.305 billion kilowatt-hours, with clean energy accounting for 81.14%. The company continues to promote charging carbon reduction practices, receiving recognition from many international institutions. In July 2024, the company was successfully selected by the globally renowned rating agency S&P Global for the "Sustainability Yearbook (China Edition) 2024," and was first recognized with special commendation as one of the best 5% companies in the retail industry, significantly outperforming the industry average. Earlier, the company also achieved excellent results in the climate change questionnaire from the Global Environmental Information Research Center (CDP) and the Evergreen ESG entity rating from Fitch.

Charging services are one of the few fields where carbon reduction and business development can combine, and with the domestic penetration rate of electric vehicle sales rising above 50% for four consecutive months, the growth potential of carbon reduction through charging will continue to be released. In the second half of 2024, Naas technology's strategy will focus on the interconnectivity of charging services, expanding the network scale of connected charging stations and charging guns. The Q3 financial report shows that it has covered a total of 0.096 million charging sites, a year-on-year increase of 40%, and connected 1.146 million charging guns, a year-on-year increase of 49%. In the future, Naas technology will continue to promote the green upgrading of the entire industry chain around charging scenarios, achieving the green transformation of transportation energy.