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Lotus Technology Inc
Lotus Technology's GHG Emissions Data Preview
In 2024, Lotus Technology 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).
Lotus Technology has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Lotus Technology’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Lotus Technology’s data sources below and access millions more through our Disclosure Search.
Insights into Lotus Technology's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofLotus Technology amounted to6,633.3metric 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 Lotus Technologyincreased by 3.15%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Lotus Technology's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Lotus Technology's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Lotus Technology were 633.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Lotus Technology reduced its Scope 1 emissions over time?
Since 2022, Lotus Technology's Scope 1 emissions have increased by 6.72%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Lotus Technology's Scope 1 emissions decreased by 40.95%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Lotus Technology's Scope 2 emissions?
In 2024, Lotus Technology reported Scope 2 greenhouse gas (GHG) emissions of 5,999.7 tCOâ‚‚e without specifying the calculation method.a
Has Lotus Technology reduced its Scope 2 emissions over time?
Since 2022, Lotus Technology's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 198.45%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Lotus Technology's Scope 2 emissions(Unspecified Calculation Method) rose by 11.98% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Lotus Technology use for Scope 2 reporting?
In 2024, Lotus Technology reported its Scope 2 emissions using an unspecified methodology.a
Lotus Technology's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Lotus Technology's Value Chain Emissions
In 2024, Lotus Technology reported 307,460.5 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Lotus Technology includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Lotus Technology's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Lotus Technology's Scope 3 emissions?
In 2024, Lotus Technology reported total Scope 3 emissions of 307,460.5 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 48.81%of these emissions originated from upstream activities such as purchased goods and capital goods, while 51.19%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Lotus Technology reduced its Scope 3 emissions over time?
Since 2022, Lotus Technology's Scope 3 emissionshave increased by 1,474.21%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Lotus Technology's Scope 3 emissions increased by 10.2%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Lotus Technology disclose?
In 2024, Lotus Technology reported emissions for 8 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.
What are the main sources of Lotus Technology's Scope 3 emissions?
In 2024, the largest contributors to Lotus Technology's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 155,450.1 tCOâ‚‚e(50.56%)
- Purchased Goods and Services (Cat. 1): 135,150.8 tCOâ‚‚e(43.96%)
- Downstream Transportation and Distribution (Cat. 9): 7,761.1 tCOâ‚‚e(2.52%)
Lotus Technology's Scope 3 Emissions by Categories
Insights into Lotus Technology’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Lotus Technology reported Scope 1 greenhouse gas (GHG) emissions of 633.6 tCOâ‚‚e and total revenues of USD 924 millions. This translates into an emissions intensity of 0.69 tCOâ‚‚e per millions USD.a
Lotus Technology's Scope 1 Emissions Intensity Compared to Peers
How does Lotus Technology's GHG emissions intensity compare to its peers?
In 2024, Lotus Technology reported a Scope 1 emissions intensity of 0.69 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.02, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Lotus Technology rank on GHG emissions intensity within its industry?
In 2024, Lotus Technology ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Lotus Technology among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Lotus Technology's Total Carbon Footprint
In 2024, Lotus Technology reported a total carbon footprint of 314,093.8 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.04% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Lotus Technology's total carbon footprint was Scope 3 emissions, accounting for 97.89% of the company's total carbon footprint, followed by Scope 2 emissions at 1.91%.a