Zhejiang Geely Holding Group Sustainability Profile
Zhejiang Geely Holding Group, commonly known as Geely, is a prominent automotive manufacturer headquartered in China (CN). Founded in 1986, Geely has evolved into a global player in the automotive industry, with significant operations across Asia, Europe, and beyond. The company is renowned for its diverse portfolio, which includes passenger vehicles, commercial trucks, and electric vehicles, showcasing a commitment to innovation and sustainability. Geely's core products, such as the Geely Emgrand and the Lynk & Co series, stand out for their advanced technology and design, appealing to a broad consumer base. Over the years, Geely has achieved notable milestones, including strategic acquisitions like Volvo Cars and a stake in Daimler AG, solidifying its position as a leader in the global automotive market. With a focus on quality and cutting-edge engineering, Geely continues to drive forward in an ever-evolving industry landscape.
DitchCarbon Score
How does Zhejiang Geely Holding Group'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 Other Services 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
Zhejiang Geely Holding Group's score of 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zhejiang Geely Holding Group's reported carbon emissions
In 2020, Zhejiang Geely Holding Group, headquartered in CN, reported total carbon emissions of approximately 34,282,000,000 kg CO2e globally. This figure includes 84,000,000 kg CO2e from Scope 1 emissions and 101,000,000 kg CO2e from Scope 2 emissions, while Scope 3 emissions accounted for about 46,187,000,000 kg CO2e. The combined Scope 1 and 2 emissions totalled approximately 185,000,000 kg CO2e. Geely has set ambitious near-term targets to reduce lifecycle carbon emissions per vehicle by more than 25% from a 2020 baseline, with a target completion year of 2025. This commitment applies to both Scope 1 and Scope 2 emissions, reflecting the company's proactive approach to climate action. The company has not disclosed any Scope 3 emissions data, nor does it appear to have cascaded emissions data from a parent organization. Geely's sustainability initiatives are focused on reducing its carbon footprint while maintaining its operational growth, aligning with industry standards for climate responsibility.
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| 2016 | 2017 | 2018 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 44,850 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,280 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 |
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Zhejiang Geely Holding Group'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.
Zhejiang Geely Holding Group 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.
