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.
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 8 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Zhejiang Huayou Cobalt's reported carbon emissions
In 2023, Zhejiang Huayou Cobalt reported total carbon emissions of approximately 1,717,200,000 kg CO2e, encompassing both Scope 1 and Scope 2 emissions. This marks a significant reduction from their 2019 emissions, which were about 28,809,926,770 kg CO2e for Scope 2 and 22,892,250 kg CO2e for Scope 1. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Zhejiang Huayou Cobalt's emissions intensity for non-ferrous metal products is reported at about 4,040 kg CO2e per tonne, while the intensity for cathode material stands at approximately 1,740 kg CO2e per tonne. These figures indicate the company's ongoing efforts to monitor and manage its emissions in line with industry standards. While no specific climate pledges or SBTi reduction targets have been mentioned, the substantial decrease in emissions from 2019 to 2023 reflects a proactive approach to climate commitments. The company continues to align its operations with global sustainability trends, focusing on reducing its environmental impact in the cobalt production sector.
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Add to project| 2019 | 2023 | |
|---|---|---|
| Scope 1 | 22,892,250 | - |
| Scope 2 | 28,809,926,770 | - |
| Scope 3 | - | - |
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 Huayou Cobalt is not committed to any reduction initiatives 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.
