China-based Envision Group, a world-leading green technology company, last week hosted a Net Zero Day in Shanghai where CEO Zhang Lei announced that the company will be carbon neutral in its global business operations by 2022 and across the value chain by 2028.

Mr Lei said: “Addressing the challenges posed by climate change are critical to the survival of humanity. As a green technology company, Envision's mission is to solve the challenges for a sustainable future. We have set an ambitious target for ourselves — we will take the lead in achieving carbon neutrality, empower our partners to do the same, and help build a net-zero economy.”

He added: “It is not enough for Envision to be an industry pioneer, but to become a net-zero technology partner as well. We want to help more companies and governments to achieve carbon neutrality together.”

Sequoia Capital China, one of Envision’s strategic net-zero partners, launched itsMove Forward to Net-Zero: A Green Transformation Based on Technological Innovation report during the event.

Neil Shen, steward of Sequoia Capital, said: “We believe that the products and services that change the world must be rooted in technological innovation. To achieve carbon neutrality, we need new technologies.

“Technology is the most important element in energy transition, in which digital technology will play a critical role. Today we launched the Eco-Partnership Program together with Envision, hoping to provide funding, application scenarios, and other support to technology innovators, and contribute to achieving the ‘30/60’ goal.”

At the end of the event, Envision purchased green certificates based on real-time data, making it carbon neutral.