Full Truck Alliance (YMM) Released its 2024 ESG Report

Full Truck Alliance Co. Ltd. (NYSE:YMM) is one of the Best Extremely Profitable Stocks to Buy Right NowOn July 15, Full Truck Alliance Co. Ltd. (NYSE:YMM) released its 2024 ESG report, highlighting several sustainability measures.

The company advanced its Green Freight Operations by using smart freight-matching tech to lower carbon emissions. The rate of inefficiency dropped from 38.97% in 2020 to 34.92% in 2024. As a result, the improvements cut around 32 million tons of CO2 and brought around RMB83 billion in economic value.

Full Truck Alliance (YMM) Released its 2024 ESG Report

A view of an open cargo shipping yard, highlighting the companies freight listing services.

Moreover, Full Truck Alliance Co. Ltd. (NYSE:YMM) also improved safety and operational standards through new management systems and strict controls. It achieved a 100% complaint resolution rate and 90.35% satisfaction rate after resolution. The company also launched 12 safety courses with 780,000 participants and gave truckers better legal support.

Full Truck Alliance Co. Ltd. (NYSE:YMM) operates a digital freight platform in China. The company connects shippers with truckers to facilitate the movement of goods.

While we acknowledge the potential of YMM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than YMM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.