This newsletter takes a deep dive into the sustainability picture in China, and so I would like to share how Home Credit is managing the carbon footprint at our China operations.
We were early adopters of paperless customer-facing processes, saving tens of millions of sheets of paper each year since 2018.
Last year, we launched a plan for achieve carbon neutrality for scope one and two by 2025. One of the key measures to achieve this goal was investment in a renewable energy project contributing an estimated 8 million kWh of clean energy each year to the grid. By financing it, we’d offset our remaining carbon footprint in the years to come.
As financial services became increasingly digital, we also looked for a low-emission hosting solution. We achieved a 20% cut in emissions by migrating all IT infrastructure in China to a cloud, boosting energy efficiency.