BYD Company Limited Sustainability Profile
BYD Company Limited, commonly known as BYD, is a leading Chinese multinational headquartered in Shenzhen, CN. Founded in 1995, BYD has rapidly evolved into a prominent player in the electric vehicle (EV) and renewable energy sectors, with significant operations across Asia, Europe, and the Americas. The company is renowned for its innovative electric vehicles, batteries, and energy storage solutions, setting itself apart with cutting-edge technology and a commitment to sustainability. BYD's diverse product range includes electric buses, trucks, and passenger cars, which have garnered global recognition for their performance and efficiency. With a strong market position, BYD has achieved numerous milestones, including being one of the largest EV manufacturers worldwide. Its dedication to green technology and sustainable development continues to drive its success in the competitive automotive and energy markets.
DitchCarbon Score
How does BYD Company Limited'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 Motor Vehicle Manufacturing 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
BYD Company Limited's score of 23 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BYD Company Limited's reported carbon emissions
In 2024, BYD Company Limited reported total carbon emissions of approximately 15,392,515,460 kg CO2e, comprising 1,539,251,460 kg CO2e from Scope 1 and 8,562,574,740 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions included about 159,354,310 kg CO2e from employee commuting and approximately 3,166,958,180 kg CO2e from fuel and energy-related activities. In 2023, the company recorded total emissions of about 12,407,000,000 kg CO2e, with Scope 1 emissions at approximately 931,916,000 kg CO2e and Scope 2 emissions at around 11,409,539,000 kg CO2e. For 2022, BYD's emissions were approximately 8,262,000,000 kg CO2e, with Scope 1 emissions of about 550,932,000 kg CO2e and Scope 2 emissions of approximately 7,511,038,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organisation. BYD's emissions data is self-reported and reflects its commitment to transparency in climate reporting. The absence of formal reduction targets suggests a need for further development in its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 199,406,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 3,945,773,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 |
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BYD Company Limited's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 25% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 95% of Scope 3 emissions.
Top Scope 3 Categories
BYD Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
BYD Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
