Greenpeace Calls Out Alibaba, Tencent in First China Ranking
- Greenpeace scorecard ranks companies by their energy usage
- China’s continuing reliance on coal power cited as major issue
Greenpeace, calling attention to the Chinese technology sector’s ballooning energy consumption, has ranked the country’s best and worst environmental citizens for the first time. The winner by a long margin turns out to be ChinData Group, a little-known unicorn-in-waiting backed by Bain Capital that outdoes far bigger names Alibaba and Tencent.
Ranking 15 of China’s biggest internet companies for the first time, Greenpeace found the majority lacking in areas such as transparency -- by way of public disclosure of their energy consumption -- and the speed at which they’re moving to renewable energy sources. The research was conducted in partnership with the North China Electric Power University and urges faster adoption of solar and wind power along with commitments to 100% renewable energy consumption.