Beike Aims for Carbon Neutrality by 2030, Advances Green Initiatives

KE Holdings Inc. (Beike) has announced its commitment to carbon neutrality in its operations by 2030. In its “2023 Beike Carbon Neutrality Target and Action Roadmap Report,” Beike plans to reduce carbon emissions from its own activities and those of its value chain partners. By 2030, the Company also targets value chain carbon emissions intensity reductions of 60% at its headquarters and the real estate brokerage business and 30% in its home renovation and furnishing and home rental businesses, using 2022 as the base year. Not only Beike, but an increasing number of Chinese companies have started to focus on carbon reduction and ESG in recent years. Tencent and Alibaba have both released reports related to carbon neutrality recently.

Beike has established a Sustainable Development Department to lead its strategic planning for a sustainable and low-carbon future. Beike’s emissions reduction strategy includes improving energy efficiency, optimizing energy sources, and innovating technology. Notably, the company has implemented intelligent energy systems in its stores and aims to reduce emissions from store electricity use—a major emissions source.

Beike also focuses on reducing emissions through green procurement, supply chains, and logistics. Collaborating with partners, it is exploring lightweight and low-carbon renovation methods and prioritizing electric vehicles for transport.

Integrating VR technology into property viewings, Beike has significantly reduced carbon emissions by decreasing the need for in-person visits.

Additionally, the company’s paperless services have saved over 68 million sheets of paper in 2022 alone.

Stanley Yongdong Peng, Beike’s CEO, said, “Beike is fully committed to carbon neutrality. Addressing climate change will be one of the key issues in Beike’s future work. As a technology-driven one-stop platform of residential services, we aim to drive wider carbon reduction through technology empowerment and connections with communities, and to drive the participation of users, agents, and other relevant parties through VR, AR, paperless online contract signing and other technologies to create a low-carbon future in the residential sector.”

SEE ALSO: Beike Announces Forecast-beating Third Quarter 2023 Unaudited Financial Results; Shares Rise Pre-market