Geely Automobile Holdings Limited
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 66 is higher than 98% 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 2024, Geely Automobile Holdings Limited reported total carbon emissions of approximately 2,334,012,000 kg CO2e. This figure includes Scope 1 emissions of about 68,272,000 kg CO2e, Scope 2 emissions of approximately 136,710 kg CO2e, and significant Scope 3 emissions, particularly from purchased goods and services, amounting to about 1,460,174,000 kg CO2e. In 2023, the company’s total emissions were approximately 1,948,550,000 kg CO2e, with Scope 1 emissions at about 68,319,000 kg CO2e, Scope 2 emissions around 144,120 kg CO2e, and Scope 3 emissions from purchased goods and services reaching approximately 1,223,230,000 kg CO2e. Geely has set ambitious reduction targets, aiming for a reduction of over 25% in lifecycle carbon emissions per vehicle by 2025, using 2020 as the baseline. Additionally, they are targeting a 30% reduction in GHG emissions intensity (Scope 3 - use of sold products) and average tailpipe carbon emissions intensity by 2025. The company is committed to achieving net-zero emissions across all scopes by 2050, reflecting its long-term climate strategy. Geely's efforts align with industry standards and demonstrate a proactive approach to addressing climate change within the automotive sector.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 75,186,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 131,343,000 | 000,000 | 000,000 |
| Scope 3 | 1,068,739,000 | 0,000,000,000 | 0,000,000,000 |
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.
Geely Automobile Holdings Limited is participating in some 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.
