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 32 is higher than 79% 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 2023, Zhejiang Geely Holding Group reported total carbon emissions of approximately 56,780,564,000 kg CO2e. This figure reflects a rise from about 50,416,466,000 kg CO2e in 2022 and approximately 49,486,715,000 kg CO2e in 2021. The emissions breakdown for 2022 includes Scope 1 emissions of about 249,291,000 kg CO2e, Scope 2 emissions of around 655,705,000 kg CO2e, and Scope 3 emissions totalling approximately 101,818,690,000 kg CO2e. For 2021, the Scope 1 emissions were about 263,159,000 kg CO2e, Scope 2 emissions were approximately 867,943,000 kg CO2e, and Scope 3 emissions reached about 102,344,820,000 kg CO2e. Despite the increase in total emissions, Geely has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company has reported life-cycle carbon emissions per vehicle, which were approximately 33,700 kg CO2e in 2023 and about 35,200 kg CO2e in 2022. Geely's emissions data indicates a significant reliance on Scope 3 emissions, which represent the majority of their carbon footprint. The absence of defined reduction targets suggests that while the company is aware of its emissions, it may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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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 not participating in any 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.
