NetEase Issues First Environmental, Social and Governance (ESG) Report
HANGZHOU, China, June 30, 2020 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES; HKEX: 9999) ("NetEase" or "the Company"), one of China's leading internet and online game services providers, today announced that it has published its first Environmental, Social and Governance (ESG) report, outlining the Company's ESG policies and performance. The report also provides insight into NetEase's decision making, which considers the impact its actions have on its users, employees, business partners and all stakeholders.
"NetEase has always believed in the power of technology and the deep social responsibility that comes with it. As the Company grew bigger by using technology to provide users with the best product experiences in education, entertainment, consumption, food safety and others, our social responsibilities also grew," said NetEase CEO Mr. William Ding. "After more than two decades of operations, we know our long-term commitment to social responsibilities will underpin our sustained leadership in a hypercompetitive and ever-changing market."
To view the report in full, please visit the ESG section on NetEase IR website at http://ir.netease.com/static-files/261a1655-0b2e-416c-b670-c715f9f4691f.
The Company's core ESG priorities include social efforts, human capital, cybersecurity, privacy and data protection, environment, governance, business ethics and shareholder returns. Highlights of the Company's achievements include:
E-commerce, Media and Others:
NetEase Weiyang, the agriculturl arm of NetEase:
Mr. William Ding added, "This year marks our 20th anniversary as a public company. It also comes at a time when the world is going through one of the worst health and economic crises of our generation. Despite the pandemic, we believe NetEase will come out stronger, supported by our one billion users, 21,000 employees and $10 billion in cash. This gives us even more of a reason to consider others, help others, and act responsibly toward all our stakeholders, communities and environment. We are committed to increasing our focus on these topics and to regularly evaluating our growing portfolio of online products and services in light of our ESG goals, and challenging ourselves to continually improve."
NetEase has been growing steadily over the past 20 years and has brought significant returns to shareholders, and is one of the very few internet companies around the globe that pays a regular dividend. As of today, NetEase has paid out over US$3 billion in dividends. In its report, the Company highlights the importance of ESG factors behind its strong and steady growth, while reiterating its ongoing emphasis on those factors.
NetEase is dedicated to reporting transparency on ESG matters. The ESG report is also designed to guide readers to where they can access more information about speci?c topics of interest.
About NetEase, Inc.
As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES; HKEX: 9999) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China's most popular mobile and PC-client games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase's other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com.
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "aim," "anticipates," "future," "intends," "plans," "believes," "may," "estimates," "potential," "continue," "ongoing," "goal," "targets," "guidance," "commits" and similar statements. Among other things, statements that are not historical facts, including statements about future growth, the Company's current and future position in the markets in which it operates, business plans and projections, the completion of transactions and the strategic goals of transactions, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information contained in this announcement is as of the date of this announcement and are based on assumptions believed to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
SOURCE NetEase, Inc.
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