Geely Automobile Holdings Limited has released its 2022 Environmental, Social and Governance (ESG) report.
City Business News report that in the 2022 report, where 2020 is taken as the baseline, Geely Auto’s lifecycle carbon emissions per vehicle decreased by 8.1%, its sales of new energy vehicles increased by 300% year-on-year, its nine vehicle plants were rated as national “green factories”, and the installed capacity of photovoltaic power generation went up to 307 MW.
Also in the report, Geely Auto commits to reducing lifecycle carbon emissions per vehicle by more than 25% by 2025, and to achieve carbon neutrality by 2045.
Geely Auto discloses for the first time six directions of ESG strategy with the vision of “A Sustainable Future, A better life” and the sustainable development mission of “To create an innovative sustainable mobility ecosystem for intelligent vehicles”. Geely Auto outlines a sustainable development blueprint in six major directions: climate neutrality, nature positive, all-around safety, digitalization & innovation, co-prosperity, governance and ethics, and works together with industry chain partners to create a sustainable mobility ecology.
Geely Auto integrates the concept of low carbon in the whole life cycle of its products, and formulates comprehensive carbon reduction plans at the manufacturing side, supply side and use side to reduce carbon emission efficiently. In 2022, Geely Auto’s lifecycle carbon emissions per vehicle were 35.2 tCO₂e, down 8.1% and 5.6% from 2020 and 2021, respectively.
On the user side, Geely Auto continues to increase the proportion of new energy models and develop efficient powertrains. In 2022, Geely’s Monjaro, Lynk&Co 09 and the fourth-generation Emgrand were awarded the title of national green design product, and its Boyue L and ZEEKR 009 were awarded the C-ECAP platinum certification. At the same time, Geely Auto also continues to carry out research and development of ultra-low emission technology. As a result, the new generation of “Leishen Electric Hybrid ” boasts a thermal efficiency of 44.26%, leading to the fuel consumption per 100km of only 5.23 liters when the battery is under voltage. In addition, the fourth generation of Emgrand alcohol-electric hybrid models, equipped with 1.8-liter alcohol-electric hybrid engine and hybrid electric drive transmission, were also launched, with alcohol consumption of 9.2 liters per 100 kilometers, a reduction of more than 40%. The annual average emissions of the use side is reduced by 11.5% compared with 2020, and the sales of new energy models accounts for 23%.
In the report, Geely Auto focuses on energy saving and clean energy. Its 9 vehicle plants were awarded “National Green Factory” in 2022. Among them, Xi’an plant became the first zero-carbon plant in the domestic vehicle industry and was selected as an annual industrial case in the APEC China CEO Forum “Sustainable China’s Industrial Development Action”. The installed capacity of photovoltaic power generation increased by 179% to 307 MW, and the proportion of renewable electricity used in the vehicle plants reached 36%.The annual energy consumption per vehicle and total greenhouse gas emissions in the vehicle plants were reduced by 12.1% and 24.8% respectively compared to 2020.
On the supply side, Geely Auto has established a supply chain sustainability system, developed 13 types of low-carbon materials in 2022, and plans to use recycled materials in the next 2025 models. Through recycled materials and power batteries, 0.38 tons of carbon emission reduction per vehicle has been achieved.30% of its tier 1 suppliers have used renewable electricity, of which 10% of its tier 1 core suppliers have used renewable electricity as the only power source.
At the same time, Geely Auto actively exercises environmental protection responsibility, achieving 100% standard treatment and emission of exhaust gas, waste water and solid waste in all of its vehicle plants by 2022, reducing water consumption density of vehicle plants by more than 10%, and reaching 98.3% recycling rate of industrial water resources.
