In 2024, Hotai Motor 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) and Scope 2 (indirect emissions from purchased energy).
However, Hotai Motor has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 235.24a | 244.41a | 246.97a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,283.12a | 1,332.19a | 1,478.29a | |
Total Scope 3 | N/A | N/A | 13,982b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0301a | 0.0294a | 0.0337a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hotai Motor amounted to 1,518.36 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 Hotai Motor decreased by 3.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Hotai Motor were 235.24 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hotai Motor's Scope 1 emissions have increased by 12.56%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Hotai Motor's Scope 1 emissions decreased by 3.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hotai Motor reported Scope 2 greenhouse gas (GHG) emissions of 1,283.12 tCO₂e without specifying the calculation method.a
Since 2019, Hotai Motor's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hotai Motor's emissions have plateaued with no significant change in its energy consumption footprint.ac
Compared to the previous year (2023), Hotai Motor's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hotai Motor's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Hotai Motor reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Hotai Motor reported Scope 1 greenhouse gas (GHG) emissions of 235.24 tCO₂e and total revenues of USD 7,815 millions. This translates into an emissions intensity of 0.03 tCO₂e per millions USD.a
In 2024, Hotai Motor reported a Scope 1 emissions intensity of 0.03 tCO₂e per millions USD. Compared to the peer group median of 2.37, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hotai Motor ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hotai Motor among the top performers, with one of the lowest emissions intensities relative to peers.a