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Zhejiang Geely Holding Group
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 23 is lower than 67% 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 2022, Zhejiang Geely Holding Group reported total carbon emissions of approximately 102,723,687,000 kg CO2e, which included 249,291,000 kg CO2e from Scope 1, 655,705,000 kg CO2e from Scope 2, and a significant 101,818,690,000 kg CO2e from Scope 3 emissions. In 2021, the total emissions were about 103,475,922,000 kg CO2e, with Scope 1 emissions at 263,159,000 kg CO2e, Scope 2 at 867,943,000 kg CO2e, and Scope 3 at 102,344,820,000 kg CO2e. For the years 2023 and 2024, specific emissions data was not disclosed, but the company reported a GHG emissions intensity of 1000.0 kg CO2e per unit of revenue and life-cycle carbon emissions per vehicle of approximately 0.03367 kg CO2e/km in 2023, decreasing to about 0.03136 kg CO2e/km in 2024. Zhejiang Geely Holding Group has set ambitious near-term reduction targets, aiming to reduce lifecycle carbon emissions per vehicle by more than 25% from a 2020 baseline by 2025. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to sustainability and climate action. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by Zhejiang Geely Holding Group. The company continues to focus on reducing its carbon footprint while enhancing its operational efficiency in the automotive sector.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 263,159,000 | 000,000,000 |
| Scope 2 | 867,943,000 | 000,000,000 |
| Scope 3 | 102,344,820,000 | 000,000,000,000 |
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.
Zhejiang Geely Holding Group 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.
