Business Daily Media

The Times Real Estate

.

Freshippo Demonstrates Climate Resilience Measures at COP28

Measures help peach farmers reduce losses from natural disasters and increase revenue per mu by RMB1,200

SHANGHAI, CHINA - Media OutReach Newswire - 12 December 2023 - Freshippo, Alibaba Group's digital intelligence-powered new retail company, attended the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) and contributed a speech at the COP28 China Corner's Side Event, showcasing its climate resilience measures and proactive actions to mitigate the impacts of climate change.

Freshippo attended COP28. Shen Li, Co-founder and Head of Sustainable Development at Freshippo, gives a speech at the COP28 China Corner
Freshippo attended COP28. Shen Li, Co-founder and Head of Sustainable Development at Freshippo, gives a speech at the COP28 China Corner's Side Event

Freshippo has been leveraging digital technology and its new retail capabilities to address the effects of climate change. The company has developed scenario-based approaches to tackle different agricultural challenges, such as types of seeds, agricultural technology, plant protection, harvesting and transportation. Furthermore, Freshippo has established three agricultural methodologies to support climate adaptation. Firstly, selecting suitable species based on climate conditions to help agricultural enterprises build climate resilience through contract farming. Secondly, through climate disaster adaptive procurement, providing rapid response and maximum assistance to farmers to minimize their losses. Finally, implementing climate disaster adaptive agriculture, which will support contract farmers to resume production following climate disasters.

Shen Li, Co-founder and Head of Sustainable Development at Freshippo, gave a speech at the COP28 China Corner's Side Event and said, "Climate change is a shared global challenge, and enhancing climate resilience and the consensus in the agriculture, industrial and retail sectors is our collective responsibility. Agriculture will continue to be heavily impacted by climate change, making it the common mission of global agriculture practitioners to address climate resilience in agriculture. We have explored various ways to enhance the climate resilience of agriculture sector and industry through practical experience. Freshippo is committed to leveraging the advantages of a retail enterprise to promote better climate consensus among the public, using products as a vehicle for climate education and helping consumers develop climate awareness in their daily lives."

Freshippo highlighted a number of cases of climate adaptation at the event. For example, several peach farms in Beijing were unexpectedly hit by a hailstorm in 2022, resulting in direct economic losses of over RMB6 million. In response, Freshippo graded visually damaged peaches as "hail-damaged peaches" and processed those peaches into freeze-dried peach crisps. This initiative helped farmers sell the hail-damaged peaches, reducing waste by 200 kilograms per mu. Additionally, it enabled peach farmers to increase their income by RMB1,200 per mu.

Freshippo has also been working to overcome the extreme effects of the hot climate by opening up a 200-mu Freshippo desert organic base in the Ulan Buh Desert in Inner Mongolia. Last year, it harvested 400,000 pumpkins, providing consumers with delicious and safe agricultural produce. The area of pumpkin fields has expanded to 1,000 mu this year. The growth of each pumpkin can help prevent water and soil erosion affecting about 43 square feet of surrounding soil, benefiting the local climate and environment.

Freshippo also showcased the zero-carbon elephant honey it began to produce with the International Fund for Animal Welfare (IFAW) in March this year. The project aims to train villagers in the Xishuangbanna region of Yunnan Province to keep bees and collect and sell their honey, thus reducing the impact on Asian elephants caused by farmers cutting rubber in the mountains, and minimizing conflict between human beings and the elephants. By using solar water heaters, installing photovoltaic systems, and planting eco-friendly economic crops, the carbon footprint of the honey production is also being fully offset. In addition, Freshippo will donate RMB10 from the sale of each bottle of honey to support the sustainable development of local communities.

Freshippo's practices received positive feedback from many participants. Zhou Fei, Chief Programme Officer of WWF-China said, "The agriculture industry plays an important role in carbon reduction as it is the industry most affected by climate change. The cases shared by Freshippo have brought greater attention to the industry's adaptability to climate change issues. The WWF was pleased to see Freshippo's measures to address climate change and enhance agricultural climate resilience during the COP28 China Corner's Side Event. Climate change is a shared challenge for all humanity, and we hope that more and more businesses will agree on this consensus." Fu Xiaotian, China Food and Natural Resources Program Director of World Resources Institute said, "Climate change poses enormous challenges to global agriculture, and it is urgent that the food system is the sustainable transformed. Freshippo is also an important partner in our research into improving agricultural climate adaptation. We hope to work together with Freshippo to help agricultural practitioners worldwide explore agricultural climate adaptation." Dr. Jimmiel Mandima, Vice President of Global Programs with IFAW said, "As the first zero-carbon honey produced in China for the conservation of wild Asian elephants, Freshippo is helping to connect elephants, local community members, and the whole society to address climate change. This initiative provides an innovative and sustainable solution, nurturing a sense of responsibility for climate change among individuals. The influence could go far beyond."
Hashtag: #Freshippo

The issuer is solely responsible for the content of this announcement.

Freshippo

Freshippo is Alibaba Group's digital intelligence-powered new retail company. Headquartered in Shanghai, Freshippo operates more than 350 stores across 28 cities in mainland China.

News from Asia

Asia Pacific's AI Ambitions Hinge on Next-Generation Networks, Reveals IDC Report

SINGAPORE - Media OutReach Newswire - 29 April 2025 – A new IDC InfoBrief* commissioned by Expereo shows Asia Pacific (APAC) businesses pursuing artificial intelligence (AI) strategies are facing ...

HKSTP Tech Companies Shine at GITEX Asia 2025 in Singapore

i2Cool won First Place at the Supernova Pitch Challenge HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) has triumphantly wrapp...

PAObank Announces FY2024 Annual Results Achieves Record-Breaking Performance Amplifies Resources to Expand Retail Banking Services

Loan Assets Reach a Record High of HK$3.13 billion Customer Deposits Have Significant Growth of 74% Net Interest Income Surged 70% to over HK$130 million

At the 137th Canton Fair: Suofeiya Expands Global Reach with Innovative Design & Quality Intelligent Manufacturing

GUANGZHOU, CHINA - Media OutReach Newswire - 29 April 2025 - Amidst a profound reshuffling of the global manufacturing landscape, China's manufacturing is marching towards "intelligent manufacturi...

Dusit Hotels and Resorts expands presence in Vietnam, opens luxury Dusit Le Palais Tu Hoa Hanoi on the banks of West Lake

Located in Hanoi’s historic Tay Ho district, the hotel draws inspiration from the life of Princess Từ Hoa and her enduring legacy of artistry, cultural exchange, and community upliftment...

Deleted

This Press release has been killed

Changemakers Program Gains Traction as Hang Lung Partners with Tenants in Vibrant Sustainability Community

Enhanced Changemakers Program and LVMH Group collaboration drive momentum for shared ESG commitment HONG KONG SAR and SHANGHAI, CHINA - Media OutReach Newswire - 29 April 2025 - Hang Lung Propert...

Renaissance College Hong Kong Students Design Iconic Hong Kong Tram in Collaboration with Tramplus

HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - ESF Renaissance College Hong Kong (RCHK) is proud to announce an exciting collaboration with Tramplus, a sister company of HK Tramways, to...

Lulu Furniture Launches Custom Wardrobe Services to Meet Growing Demand in Singapore

SINGAPORE - Media OutReach Newswire - 29 April 2025 – Lulu Furniture, a trusted name in ready-made furniture in Singapore, is proud to announce the launch of its custom wardrobe services...

DBS Foundation’s Inaugural "GBA Impact Beyond Dialogue 2025" to Explore the Future of an Ageing Society

Reimagining collaborative approaches to silver economy with government, businesses and social enterprises HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - As Hong Kong and other cities in...

Businesses losing an average of $493k from data integrity flaws

Managing data responsibly and effectively for the AI age can give organisations a strong competitive advantage, but many are failing to harness th...

AI shopping disruptor Zyft raises $7.5M to lead the next gen of retail tech

Zyft appoints new CEO, Richard Stevens, to lead the latest Waller Group success story, valued at $30 million SYDNEY, 28 April 2025: Zyft, the lea...

Little known law offers savvy Kiwis the opportunity to supercharge their retirement savings

A little-known legal amendment is being leveraged by savvy New Zealanders and expat Brits to supercharge their retirement savings. Not many peop...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Sell by LayBy