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.
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.
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.
Geely Automobile Holdings Limited's score of 20 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Geely Automobile Holdings Limited, headquartered in Hong Kong, has made significant commitments towards achieving net-zero carbon emissions by 2050. Although specific emissions data for the most recent year is not available, the company has committed to reducing emissions across all scopes, aligning with the Science Based Targets initiative (SBTi). Geely's long-term climate strategy includes a commitment to net-zero emissions, which encompasses all scopes of emissions. This commitment was formalised in 2023, with a target year set for 2050. The company is a member of the BA1.5 initiative, indicating its dedication to limiting global warming to 1.5 degrees Celsius. While no specific reduction targets or absolute emissions figures have been disclosed, Geely's proactive stance in climate commitments reflects its intention to lead in sustainable practices within the automobile sector. The absence of recent emissions data highlights the need for ongoing transparency and accountability in their climate initiatives.
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.