NAVER : Becomes The First Internet Platform Company In The World To Join Both RE100 and EV100

NAVER Becomes The First Internet Platform Company In The World To Join Both RE100 and EV100

- The first tech company in Korea to join EV100 initiative …"Plan to transition all of its fleets to EVs by 2030"

October 26, 2022

NAVER Corp. (KRX: 035420) became the first among Korean Internet companies and the second tech platform in the world to join "EV100," a global initiative bringing together forward-looking companies committed to accelerating the transition to electric vehicles (EVs) to reduce greenhouse gas emissions.

EV100 is a global eco-friendly initiative led by the Climate Group, an international non-profit based in London. The goal is to drive businesses to transition their fleets to EVs by 2030.

NAVER is the second Internet company in the world to join EV100, a decision indicating its plans to accelerate and implement a more robust ESG approach and environmental management system. NAVER's recent move to join EV100 made NAVER the first Internet company in the world to join both RE100 and EV100. NAVER was in fact the first Internet company in Korea to join RE100 last August.

More specifically, NAVER plans to fully transition all of the vehicles owned and rented by the company to EVs, and to set up EV charging stations in all of its office buildings. A total of 82 EV charging stations have been built in Green Factory and 1784 which are NAVER's headquarters, and the transition to EVs for work vehicles is ongoing.

"NAVER will use eco-friendly vehicles to reduce direct greenhouse gas emissions from vehicle fuels, while further encouraging the use of renewable energy sources to cut down on indirect greenhouse gas emissions from electricity in order to establish ourselves as the global leader in ESG management," said Lim Dong-a, the executive director of the environment program at NAVER.

'We are thrilled to welcome NAVER to EV100. As our third South Korean member within the past year, NAVER's commitment sends a clear signal to the market that businesses are ready to make the switch to EVs. We hope that NAVER's leadership will encourage more businesses in South Korea to join the transition and scale up electric transport.' Sandra Roling, Director of Transport, Climate Group.

Meanwhile, 128 enterprises including HP, DHL, and IKEA have joined EV100 globally, with NAVER becoming the third company in Korea to join EV100.

About EV100

EV100 is a global initiative led by the international non-profit Climate Group, which brings together companies committed to making electric transport the new normal by 2030. Over half of all new vehicles on the road go into company fleets, so it's crucial that businesses lead the shift to electric vehicles (EVs) through their investment decisions and influence on millions of staff and customers worldwide. Members are increasing demand, influencing policy, and driving mass roll-out - helping to make electric cars more rapidly affordable for everyone.