In 2024, Geely Automobile Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Geely Automobile Holdings has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 170,646a | 127,437a | 145,563a | |
Total Scope 2 | ||||
Market-Based | 429,291a | 379,211a | 455,550a | |
Location-Based | 772,122a | 653,675a | 558,007a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 67,652,981a | 56,273,917a | 49,815,353a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.5138a | 4.6299a | 6.8501a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Geely Automobile Holdings amounted to 942,768 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Geely Automobile Holdings increased by 20.7%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Geely Automobile Holdings were 170,646 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Geely Automobile Holdings's Scope 1 emissions have increased by 3.94%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Geely Automobile Holdings's Scope 1 emissions increased by 33.91%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Geely Automobile Holdings reported Scope 2 greenhouse gas (GHG) emissions of 429,291 tCO₂e using the market-based method and 772,122 tCO₂e using the location-based method.a
Compared to the previous year (2023), Geely Automobile Holdings's Scope 2 emissions (Location-Based) rose by 18.12% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Geely Automobile Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Geely Automobile Holdings reported 67,652,981 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Geely Automobile Holdings includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Geely Automobile Holdings reported total Scope 3 emissions of 67,652,981 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 25.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 74.89% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Geely Automobile Holdings's Scope 3 emissions have increased by 38.65%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Geely Automobile Holdings's Scope 3 emissions increased by 20.22%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Geely Automobile Holdings reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Geely Automobile Holdings's Scope 3 emissions were:a
In 2024, Geely Automobile Holdings reported Scope 1 greenhouse gas (GHG) emissions of 170,646 tCO₂e and total revenues of USD 37,805 millions. This translates into an emissions intensity of 4.51 tCO₂e per millions USD.a
In 2024, Geely Automobile Holdings reported a Scope 1 emissions intensity of 4.51 tCO₂e per millions USD. Compared to the peer group median of 5, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Geely Automobile Holdings ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Geely Automobile Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Geely Automobile Holdings reported a total carbon footprint of 68,595,749 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.23% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Geely Automobile Holdings's total carbon footprint was Scope 3 emissions, accounting for 98.63% of the company's total carbon footprint, followed by Scope 2 emissions at 1.13%.a