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Zhejiang Geely Holding Group
Other Motor Vehicle Parts ManufacturingChinaHKSE: 0175.HK
Last verified 2 months agozgh.com
Zhejiang Geely Holding Group, commonly known as Geely, is a prominent player in the Other Motor Vehicle Parts Manufacturing industry, headquartered in China (CN). Founded in 1986, Geely has evolved into a global automotive powerhouse, with significant operations across Asia, Europe, and beyond. The company is renowned for its innovative approach to vehicle manufacturing, focusing on electric and hybrid technologies that set it apart in a competitive market.
Geely's core offerings include a diverse range of automotive components and complete vehicles, emphasising quality and sustainability. Notable achievements include strategic acquisitions and partnerships that have bolstered its market position, making it one of the largest privately-owned automotive manufacturers in China. With a commitment to advancing automotive technology, Geely continues to shape the future of mobility on a global scale.
36
DitchCarbon score
-8 vs industry average
Zhejiang Geely Holding Group’s score of 36 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Other Motor Vehicle Parts Manufacturing is among the most carbon-intensive industries
Industry performance
0.581
20182025
The Other Motor Vehicle Parts Manufacturing industry has reduced its overall emissions by 26% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Zhejiang Geely Holding Group's reported carbon emissions
In 2025, Zhejiang Geely Holding Group's total carbon emissions are projected to be approximately 150.1 billion kg CO2e. This includes about 296.86 million kg CO2e from Scope 1 emissions, approximately 626.6 million kg CO2e from Scope 2 market-based emissions (or 1.62 billion kg CO2e from location-based emissions), and about 149.18 billion kg CO2e from Scope 3 emissions.
For 2024, the company's total emissions were approximately 68.25 billion kg CO2e, comprising about 170.65 million kg CO2e from Scope 1, approximately 429.29 million kg CO2e from Scope 2 market-based emissions (or 772.12 million kg CO2e location-based), and about 67.65 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were the use of sold products (around 50.67 billion kg CO2e) and purchased goods and services (approximately 15.82 billion kg CO2e).
In 2023, total emissions stood at approximately 56.78 billion kg CO2e, with Scope 1 at about 127.44 million kg CO2e, Scope 2 market-based emissions at around 379.21 million kg CO2e (or 653.68 million kg CO2e location-based), and Scope 3 at roughly 56.27 billion kg CO2e.
Looking back, 2022 saw total emissions of approximately 50.42 billion kg CO2e, including about 145.56 million kg CO2e (Scope 1), approximately 455.55 million kg CO2e (Scope 2 market-based, or 558.01 million kg CO2e location-based), and approximately 49.82 billion kg CO2e (Scope 3).
Zhejiang Geely Holding Group has set several climate commitments. Geely Auto aims to cut 25% of total carbon emissions by 2025, using a 2020 baseline, and achieve carbon neutrality by 2045. The company also aims to achieve net zero emissions by 2030 (from a 2023 baseline for Scope 1 and Scope 2). Furthermore, they target a 30% reduction in Scope 1 and Scope 2 GHG emissions by 2025, also against a 2020 baseline. An additional goal is to reduce the lifecycle carbon emissions per vehicle by over 25% by 2025, with a 2020 baseline. Volvo Cars, a related entity, has an intensity target to reduce CO2 emissions by 40% over the life cycle of each vehicle between 2018 and 2025 (Scope 3 total).
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Zhejiang Geely Holding Group’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Zhejiang Geely Holding Group2 months ago
36
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