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Motor Vehicle Manufacturing
HK
updated a month ago

Geely Automobile Holdings Limited

Company website

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.

59

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.

23

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.

75%

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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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Geely Automobile Holdings Limited's primary industry is Motor vehicles, trailers and semi-trailers (34), which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Geely Automobile Holdings Limited is in HK, which we do not have grid emissions data for.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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