MASHINIi

NaaS Technology Inc..

NAAS.US | Other transportation support activities

NaaS Technology Inc. is a China-based company that provides electric vehicle (EV) charging services. It operates an online platform that connects EV drivers with charging stations, offering services such as charging station locating, online payment, and charging management. The company focuses on pr...Show More

Ethical Profile

Mixed.

NaaS Technology Inc. shows strong environmental commitment, facilitating a 1.463 million ton CO₂e reduction in H1 2023. They joined SBTi, launched a carbon credit mechanism, and aim for carbon neutrality and 100% renewable energy by 2028. Sustainable Fitch ranks NaaS 1st in Asia-Pacific for ESG. However, the company has faced challenges in honest business practices. It received a Nasdaq warning for listing non-compliance and delayed its annual report. Reports suggest a significant $159 million debt and -$93.57 million negative free cash flow. Despite some transparency, this creates a mixed ethical profile.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No evidence available to assess NaaS Technology Inc. on Better Health for All.

Fair Money & Economic Opportunity

0

NaaS Technology Inc. operates an online platform for electric vehicle charging services, facilitating charging management and online payments. The company's core business does not involve offering lending, deposit, or insurance services to consumers.

1
Therefore, KPIs related to financial products, lending practices, customer credit, savings, debt, or financial literacy programs are not applicable to its operations. While the company has partnerships with financial institutions like China Construction Bank, these are for corporate finance activities such as new energy asset investment and supply chain finance, not consumer financial services for underserved populations.
2

Fair Pay & Worker Respect

0

No evidence available to assess NaaS Technology Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess NaaS Technology Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

10

The company has not recorded any ethics-related incidents, legal proceedings, or financial losses related to corruption, bribery, unfair competition, or false marketing claims in the past three years.

1
However, it received Nasdaq warnings in June 2025 for non-compliance with listing requirements and delayed its annual report filing.
2
The company publishes an annual ESG report with third-party verification from the British Standards Institution, has an S&P Global CSA Score of 72, a Sustainable Fitch ESG Entity Rating of 78, and an 'A' rating in the CDP Climate Change Questionnaire.
3
The company amended and restated its combined financial statements for 2020 and 2021 to correct revenue presentation and other adjustments.
4
Its auditor in mainland China was historically uninspectable by the PCAOB, but this determination was vacated in December 2022, indicating 100% audit coverage.
5
The company has an Anti-Fraud and Reporting Complaint Management Policy, providing both real-name and anonymous reporting channels, and states that its customer problem resolution rate reached 100%.
6
Independent directors account for 40% of the board, and NewLink, with 62.0% voting rights, exercises substantial influence.
7
The company has a Code of Business Conduct and an Anti-Fraud and Reporting Complaint Management Policy, with 100% of employees and directors participating in business ethics and anti-corruption training.
8
It has obtained Data Security Management Capability (DSMC) certification from the China Academy of Information and Communications Technology.
9

Kind to Animals

0

No evidence available to assess NaaS Technology Inc. on Kind to Animals.

No War, No Weapons

0

No evidence available to assess NaaS Technology Inc. on No War, No Weapons.

Planet-Friendly Business

-60

NAAS has joined the Science Based Targets initiative (SBTi).

1
The company has a stated carbon neutrality target year of 2028 for Scopes 1 and 2.
2
It aims for 100% renewable energy by 2028, but no current percentage of operational energy sourced from renewables is provided.
3
The company reported a reduction of 1.463 million tons of CO₂e in the first half of 2023 and facilitated the reduction of 1,962 tons of carbon emissions between September 24 and October 29, 2024, through EV charging adoption.
4
Over 800,000 EV users had carbon accounts as of June 30, 2024.
5

Respect for Cultures & Communities

0

No evidence available to assess NaaS Technology Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

0

No evidence available to assess NaaS Technology Inc. on Safe & Smart Tech.

Zero Waste & Sustainable Products

0

The provided articles do not contain specific, quantifiable data points for any of the KPIs under the 'Zero Waste & Sustainable Products' ethical value. explicitly states that specific data related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, and waste reduction initiatives are not quantified in a way that directly aligns with the provided metrics.

1
Other articles focus on carbon emissions reduction, charging volume, and general sustainability assessments, without detailing waste management or product-specific sustainability metrics required by the rubric.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.