BYD Company Limited, commonly known as BYD, is a leading Chinese multinational headquartered in Shenzhen, CN. Founded in 1995, BYD has established itself as a prominent player in the electric vehicle (EV) and renewable energy sectors, with significant operations across Asia, Europe, and North America. The company is renowned for its innovative electric vehicles, batteries, and energy storage solutions, which are distinguished by their advanced technology and commitment to sustainability. BYD's electric buses and passenger cars have gained global recognition, contributing to its position as one of the largest EV manufacturers in the world. With numerous accolades, including being a pioneer in the development of lithium iron phosphate batteries, BYD continues to drive the transition towards greener transportation and energy solutions, solidifying its status as a key industry leader.
How does Byd'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.
Mean score of companies in the Business Services 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.
Byd's score of 22 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, BYD, headquartered in China, reported total carbon emissions of approximately 8.06 million tonnes CO2e, comprising about 0.55 million tonnes (Scope 1) and around 7.51 million tonnes (Scope 2). This marked an increase from 2021, where emissions totalled about 5.22 million tonnes CO2e, with Scope 1 emissions at approximately 0.32 million tonnes and Scope 2 at about 4.90 million tonnes. In 2020, BYD's emissions were about 4.15 million tonnes CO2e, with Scope 1 at approximately 0.20 million tonnes and Scope 2 at around 3.95 million tonnes. BYD has committed to achieving net-zero emissions across all scopes by 2050, with a long-term target initiated in 2023. This commitment aligns with the Science Based Targets initiative (SBTi), reflecting the company's dedication to reducing its carbon footprint and addressing climate change. As part of its sustainability strategy, BYD aims to enhance its operational efficiency and invest in cleaner technologies to meet its climate goals.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | 2021 | 2022 | |
---|---|---|---|
Scope 1 | 199,406,000 | 000,000,000 | 000,000,000 |
Scope 2 | 3,945,773,000 | 0,000,000,000 | 0,000,000,000 |
Scope 3 | - | - | - |
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.
Byd is committed to some reduction initiatives 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.