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 lower than 86% 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 totalled about 28,809,926,770 kg CO2e for Scope 2 and 22,892,250 kg CO2e for Scope 1. Despite this reduction, the company has not disclosed specific reduction targets or initiatives aimed at further decreasing their carbon footprint. Their emissions intensity for non-ferrous metal products is reported at 4,040 kg CO2e per tonne, while the intensity for cathode material stands at 1,740 kg CO2e per tonne. Zhejiang Huayou Cobalt's climate commitments remain vague, with no specific pledges or targets outlined in their recent reports. The company continues to operate within the context of the global push for reduced greenhouse gas emissions, yet further details on their long-term climate strategy are not available.
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| 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.
