NaaS’ pledge to the “Science Based Targets initiative (SBTi)” has been recently acknowledged. It marks that NaaS has become China’s first new energy charging service provider that joins SBTi with ambitious targets and contributes to global climate action.
To answer the call of the business ambition for 1.5℃ campaign, NaaS promises to reduce Scope 1 direct greenhouse (GHG) emissions and Scope 2 indirect GHG emissions associated with the purchase of energy by 42% from 2022 and to effectively measure and reduce Scope 3 other indirect GHG emissions, with a view to help achieve the 1.5 °C target by 2030.
The SBTi is a global initiative jointly initiated by the World Wide Fund for Nature (WWF), Carbon Disclosure Project (CDP), World Resources Institute (WRI), and United Nations Global Compact (UNGC) in 2015. With instructions on industry practice, SBTi helps companies set carbon emissions reduction targets to decarbonize and limit global warning to well below 2℃ or 1.5℃ in compliance with the fifth assessment report of the Intergovernmental Panel on Climate Change (IPCC). SBTi has been recognized worldwide as an international business practice soon after its inception.
Till December 2022, over 4,000 companies worldwide, including Tesla, NIO, LONGi Green Energy, JA Solar Technology, and Trina Solar, have set scientific carbon emissions reduction targets through the SBTi.
NaaS is China's first public EV charging stock. It provides one-stop industry chain service package from charging station siting consulting, software/hardware procurement, EPC, operation & maintenance, energy storage, PV, virtual power plant, to autonomous charging robot inclusive. By March 31, 2023, NaaS' charging service network covered 55,000 charging stations and 575,000 chargers; In 2023Q1, NaaS' charging volume runs at 1.023 billion kWh, representing 21% of the national total.
In response to climate change, NaaS has devised corporate carbon emissions reduction targets and planned to achieve carbon neutrality in operation by 2028. Apart from promoting green sources, stations and usage, NaaS has also engaged in green and low-carbon operation, and brought down carbon emissions in all charging services. In 2022, NaaS reduced 1.8477 million tons of carbon emissions, up 106.22% from a year earlier (896,000 tons). In 2022, NaaS purchased 393 million kWh of electricity generated by clean energy source (PV, wind power, hydropower), which represented 89.52% of the total electricity purchased. Through building distributed PV and relevant energy storage facilities in charging stations, NaaS plays a vital part in making the best use of clean energy and effectively lowering electricity purchase costs of stations. In collaboration with the strategic partner Fleetin, the company motivates users to engage in cutting carbon emissions by awarding carbon credits. Till the end of 2022, carbon account users totaled 463,000.
Taking a crucial move in diversification of green and low-carbon energy storage solutions, NaaS co-founded a joint venture NewLink Hyper Technology Co., Ltd. (“NewLink Hyper”) with energy storage system integrator and system service provider HyperStrong. In June, NaaS launched a virtual power plant (VPP) platform with synergy of power generation, grid and power consumption, in an attempt to facilitate peak clipping and valley filling and intelligent power dispatching and bring competence in new power system building to a new level. Moreover, NaaS acquired SINOPOWER HK, a leading one-stop solar PV energy asset operator in Hong Kong, as a move to enter the city's distributed solar power station and EV charging service market.
In last November, Dai Zhen, Founder and CEO of NewLink and Chairman of NaaS, and Wang Yang, Founder and CEO of NaaS, shed light on green and low-carbon practice in transport energy at the 27th United Nations Climate Change Conference. Well poised for the 28th United Nations Climate Change Conference slated to take place in Dubai later in December, NaaS will promote green and low-carbon transformation to the best of its effort.
“The era of global warming has ended, and the era of global boiling has arrived.” The UN Secretary-General António Guterres coined a new term "era of global boiling" to issue a stark warning on climate change. Currently, climate issue has become a global concern, and it is imperative to take actions to reduce carbon emissions. On the ground of previous efforts made under the United Nations Framework Convention on Climate Change (UNFCCC), Paris Agreement is a milestone pact. The Paris Agreement aims at keeping a global temperature rise in this century well below 2℃ above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5℃. With a view to “empowering the world with green energy”, NaaS ensures stability and efficiency of global transport energy network and brings down carbon emissions in China's transport energy sector and China's carbon emissions by 10% and 1% respectively using innovative technologies, products and models, to ultimately realize "carbon peaking and neutrality" targets.
Note:
Scope 1, 2 and 3 are defined by the Greenhouse Gases Protocol (GHG Protocol), which provides corporate GHG emission accounting standards progressively laid down by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) since 1998. With carbon emissions divided into three scopes by source, the GHG Protocol is a guidance on carbon inventory and inspection.
Scope 1 emissions are direct GHG emissions that occur from sources that are controlled or owned by an organization.
Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.
Scope 3 emissions are GHG emissions that an organization indirectly affects in its value chain.
