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 59 is higher than 75% 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 stemmed from the use of sold products, accounting for about 42,874,713,000 kg CO2e. For 2024, Geely's emissions data indicates a significant focus on Scope 3, particularly in downstream transportation and distribution, which amounted to approximately 1,146,762,000 kg CO2e. The company has set ambitious reduction targets, aiming for a 50% reduction in carbon emissions from manufacturing (Scope 1 and 2) by 2025, with a baseline year of 2020. Additionally, Geely is committed to reducing lifecycle carbon emissions per vehicle by over 25% by 2025, using 2020 as the baseline. Long-term, Geely has pledged to achieve carbon neutrality by 2045, encompassing all scopes of emissions. The company is also a member of the Science Based Targets initiative (SBTi), committing to net-zero emissions by 2050. These commitments reflect Geely's proactive approach to addressing climate change and reducing its carbon footprint in the automotive sector.
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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 |
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.
