Zhejiang Huayou Cobalt Sustainability Profile
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.
DitchCarbon Score
How does Zhejiang Huayou Cobalt'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 Salt and Mineral Mining 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 Huayou Cobalt's score of 32 is higher than 56% 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 Huayou Cobalt's reported carbon emissions
In 2024, Zhejiang Huayou Cobalt reported total carbon emissions of approximately 29,924,180 kg CO2e for Scope 1, 3,169,805 kg CO2e for Scope 2, and 11,981,332,000 kg CO2e for Scope 3, resulting in a combined total of about 6,162,223,000 kg CO2e for Scope 1 and 2. In 2023, the company recorded emissions of about 598,881,000 kg CO2e for Scope 1, 1,118,281,000 kg CO2e for Scope 2, and 9,767,259,000 kg CO2e for Scope 3, with a total of approximately 1,717,162,000 kg CO2e for Scope 1 and 2. Zhejiang Huayou Cobalt 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, the company targets overall carbon neutrality in the resources sector by 2050. Specific reduction initiatives include a 50% reduction in product carbon emissions per ton for both Scope 1 and Scope 2 by 2030. The company is also focused on building "zero carbon" factories to ensure orderly progress towards these goals. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Zhejiang Huayou Cobalt.
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| 2019 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 22,892,250 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 28,809,926,770 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 0,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Zhejiang Huayou Cobalt's Industry?
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Zhejiang Huayou Cobalt'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 Huayou Cobalt has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
