1. Weibo's 2024 ESG report highlights commitment to social responsibility and governance. 2. Over 24,000 welfare projects launched, raising over RMB 760 million in donations. 3. Female employees make up 53% of the workforce; high employee dedication rate. 4. 39% reduction in Scope 3 greenhouse gas emissions since 2021.
The ESG focus positions Weibo favorably for investors prioritizing sustainability, similar to other tech firms seeing stock rises post strong ESG reporting.
The article emphasizes Weibo's dedication to ESG, suggesting a proactive approach that could attract long-term investors.
Sustained investment in ESG could enhance Weibo's market position and stakeholder support over time, much like other firms bolstering brand value through ESG efforts.
Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced that it has published its 2024 Environmental, Social and Governance ("ESG") Report. The ESG report comprehensively showcases the Company's value creation across various topics, such as social responsibility, technological innovation, information security, employee development, content ecosystem, and green operations, demonstrating Weibo's long-term commitment to sustainable development.
"We firmly believe that ESG is evolving from a value-driven philosophy into a core competitive advantage for corporate sustainability," said Mr. Charles Chao, Chairman of the Board of Weibo.
"Looking ahead, Weibo remains dedicated to its vision of 'making the world a better place with the power of Weibo'. We will continue to refine our ESG management framework, improve our governance, and collaborate with all stakeholders to advance global ESG initiatives and build a sustainable and prosperous future for humanity. With unwavering dedication, Weibo is confident in making steady and ongoing progress on its ESG journey, beefing up our efforts into creating a brighter future."
Leveraging the value proposition of social media platform, Weibo actively fulfills social responsibilities together with its user community. The platform actively champions social causes, such as emergency disaster relief, rural revitalization, traditional Chinese culture promotion, and care for underprivileged communities. By the end of 2024, the Weibo Charity Platform had launched over 24,000 public welfare projects, attracting over 51 million individual donations, with total contribution exceeding RMB 760 million.
As of 2024, Weibo has fostered a comprehensive content ecosystem covering 39 verticals, including entertainment, sports, game, digital, and automobiles, etc. In 2024, Weibo officially launched its audio feature and support the growth and development of audio content creators.
Weibo champions equality and diversity in daily operations and is committed to creating an equal, inclusive, and healthy work environment through management policies, clear organizational structures, and training activities.
Weibo is firmly committed to low-carbon development, integrating green operations into its core business strategies. We endeavor to save energy and reduce carbon footprint across our data centers, daily operations, as well as supply chain.
Weibo continuously optimizes its information security management system and safeguards user privacy, fostering a trustworthy and responsible platform.
Weibo's 2024 ESG report is available in both Chinese and English. For more information on our ESG reports and policies, please visit http://ir.weibo.com.
Note: STEM refers to Science, Technology, Engineering and Mathematic.
Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution.
Investors Relations
Weibo Corporation
Tel: +86-10-5898-3336
Email: ir@weibo.com
SOURCE Weibo Corporation