Zhejiang Huayou Cobalt
Zhejiang Huayou Cobalt Co., Ltd., commonly referred to as Huayou Cobalt, is a leading player in the cobalt and lithium industry, headquartered in China. Established in 2002, the company has rapidly expanded its operations across major regions, including Africa and Southeast Asia, positioning itself as a key supplier in the global battery materials market. Huayou Cobalt specialises in the production of cobalt hydroxide, lithium carbonate, and other essential materials for electric vehicle batteries and energy storage systems. Its commitment to innovation and sustainability sets it apart, as the company focuses on environmentally friendly extraction and processing methods. With a strong market presence, Huayou Cobalt has achieved significant milestones, including strategic partnerships and expansions that enhance its competitive edge in the rapidly evolving energy sector.
DitchCarbon Score
How does Zhejiang Huayou Cobalt's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Zhejiang Huayou Cobalt's score of 26 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zhejiang Huayou Cobalt's reported carbon emissions
In 2023, Zhejiang Huayou Cobalt reported total carbon emissions of approximately 1,717,200,000 kg CO2e, encompassing Scope 1 and Scope 2 emissions. This figure highlights the company's significant carbon footprint in its operations. Zhejiang Huayou Cobalt has set ambitious climate commitments aimed at achieving operational carbon neutrality in various sectors. By 2030, the company aims for carbon neutrality in the cathode materials sector, while also targeting a 50% reduction in product carbon emissions per ton for both Scope 1 and Scope 2 emissions by the same year. Furthermore, the company plans to achieve operational carbon neutrality in the recycling sector by 2035, with specific milestones for the reuse sector by 2028 and the resource recycling sector by 2035. Long-term goals include achieving carbon neutrality in the resources sector by 2050. These commitments reflect Zhejiang Huayou Cobalt's proactive approach to addressing climate change and reducing its environmental impact within the non-ferrous metals industry.
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| 2019 | 2023 | |
|---|---|---|
| Scope 1 | 22,892,250 | - |
| Scope 2 | 28,809,926,770 | - |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Zhejiang Huayou Cobalt is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
