Zhejiang Huayou Cobalt
Zhejiang Huayou Cobalt Co., Ltd., commonly referred to as Huayou Cobalt, is a leading player in the cobalt and lithium industry, headquartered in China. Established in 2002, the company has rapidly expanded its operations across major regions, including Africa and Southeast Asia, positioning itself as a key supplier in the global battery materials market.
Huayou Cobalt specialises in the production of cobalt hydroxide, lithium carbonate, and other essential materials for electric vehicle batteries and energy storage systems. Its commitment to innovation and sustainability sets it apart, as the company focuses on environmentally friendly extraction and processing methods. With a strong market presence, Huayou Cobalt has achieved significant milestones, including strategic partnerships and expansions that enhance its competitive edge in the rapidly evolving energy sector.
+7 vs industry average
Zhejiang Huayou Cobalt’s score of 25 is higher than 57% 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
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Zhejiang Huayou Cobalt's reported carbon emissions
In 2024, Zhejiang Huayou Cobalt reported total carbon emissions of approximately 15.1 billion kg CO2e, comprising 2.99 billion kg CO2e from Scope 1, 3.17 billion kg CO2e from Scope 2, and 11.98 billion kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of their emissions across all relevant scopes. The company has set ambitious climate commitments, aiming for operational carbon neutrality in the cathode materials sector by 2030 and in the recycling sector by 2035. Additionally, they plan to achieve carbon neutrality in the resources sector by 2050. Notably, Huayou aims for a 50% reduction in product carbon emissions per ton for both Scope 1 and Scope 2 by 2030. Zhejiang Huayou Cobalt is actively working towards building "zero carbon" factories to ensure orderly progress towards these carbon neutrality goals. The company's emissions data is independently reported and does not cascade from any parent organization, ensuring transparency in their climate commitments.
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Zhejiang Huayou Cobalt’s Climate Goals (2030 & 2050)
7 goals2030
Achieving operational carbon neutrality by 2030 in the catho…
Achieving operational carbon neutrality by 2030 in the cathode materials sector
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Zhejiang Huayou Cobalt
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