Geely Automobile Holdings Limited Sustainability Profile
Geely Automobile Holdings Limited, commonly referred to as Geely, is a prominent player in the global automotive industry, headquartered in Hong Kong. Founded in 1986, the company has evolved from a small refrigerator manufacturer to a leading automotive manufacturer, with significant operations across Asia, Europe, and beyond. Geely's core business areas include the design, manufacturing, and sale of a diverse range of vehicles, including sedans, SUVs, and electric vehicles. The company is renowned for its innovative approach to automotive technology, particularly in the realm of sustainable mobility solutions. Notable achievements include strategic acquisitions, such as Volvo Cars and a stake in Daimler AG, which have bolstered its market position. With a commitment to quality and cutting-edge design, Geely continues to expand its footprint in the automotive sector, making it a key player in the transition towards electric and smart vehicles.
DitchCarbon Score
How does Geely Automobile Holdings 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
Geely Automobile Holdings Limited's score of 59 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Geely Automobile Holdings Limited's reported carbon emissions
In 2023, Geely Automobile Holdings Limited reported total carbon emissions of approximately 56,780,564,000 kg CO2e, with emissions distributed across various scopes: 127,437,000 kg CO2e (Scope 1), 379,211,000 kg CO2e (Scope 2), and 56,273,917,000 kg CO2e (Scope 3). The Scope 3 emissions primarily stem from the use of sold products, accounting for about 42,874,713,000 kg CO2e. For 2024, Geely's emissions data indicates a significant Scope 3 emission of approximately 1,146,762,000 kg CO2e related to downstream transportation and distribution. The company has set ambitious reduction targets, aiming for a 50% reduction in carbon emissions from manufacturing by 2025 for both Scope 1 and Scope 2 emissions, with a baseline year of 2020. Additionally, Geely is committed to reducing lifecycle carbon emissions per vehicle by over 25% by 2025, with a focus on Scope 3 emissions. Geely has also pledged to achieve carbon neutrality by 2045, encompassing all scopes of emissions. This long-term commitment aligns with their net-zero targets, which were established in 2023. The company is actively working towards these goals, with a near-term target to reduce GHG emissions intensity (Scope 3) and average tailpipe carbon emissions intensity by over 30% by 2025. Overall, Geely's climate commitments reflect a proactive approach to addressing carbon emissions within the automotive industry, with a clear focus on both immediate and long-term sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 141,100,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 418,180,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
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Geely Automobile Holdings Limited's Scope 3 Categories Breakdown
Geely Automobile Holdings Limited's Scope 3 emissions, which decreased by 98% last year and decreased by approximately 98% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
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Geely Automobile Holdings 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.
Geely Automobile Holdings Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Geely Automobile Holdings Limited's sustainability data and climate commitments