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 32 is higher than 85% 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 significant carbon emissions, totalling approximately 2,992,418,000 kg CO2e for Scope 1, 3,169,805,000 kg CO2e for Scope 2, and 11,981,332,000 kg CO2e for Scope 3. The combined emissions for Scope 1 and 2 reached about 6,162,223,000 kg CO2e. This marks a notable increase from 2023, where emissions were approximately 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 about 1,717,162,000 kg CO2e for Scope 1 and 2 combined. 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. They also plan to achieve a 50% reduction in product carbon emissions per ton for both Scope 1 and Scope 2 by 2030. To support these goals, Huayou is actively constructing "zero carbon" factories, demonstrating a commitment to sustainable practices and emissions reduction.
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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 |
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 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.
