In 2024, NIO 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).
However, NIO has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 29,738.1a | 27,555.35a |
Total Scope 2 | ||
Market-Based | 100,708.83a | N/A |
Location-Based | 120,910.58a | 112,856.83a |
Total Scope 3 | 95,305.73a | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.3018a | 3.5211a |
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In 2024, the total operational greenhouse gas (GHG) emissions of NIO amounted to 150,648.68 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 NIO increased by 7.29%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of NIO were 29,738.1 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), NIO's Scope 1 emissions increased by 7.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, NIO reported Scope 2 greenhouse gas (GHG) emissions of 100,708.83 tCO₂e using the market-based method and 120,910.58 tCO₂e using the location-based method.a
Compared to the previous year (2023), NIO's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that NIO's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, NIO reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, NIO reported 95,305.73 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 NIO includes a breakdown across 0 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, NIO reported total Scope 3 emissions of 95,305.73 metric tons of CO₂ equivalent (tCO₂e).a
In 2024, NIO reported Scope 1 greenhouse gas (GHG) emissions of 29,738.1 tCO₂e and total revenues of USD 9,007 millions. This translates into an emissions intensity of 3.3 tCO₂e per millions USD.a
In 2024, NIO reported a Scope 1 emissions intensity of 3.3 tCO₂e per millions USD. Compared to the peer group median of 6.24, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, NIO ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places NIO among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, NIO reported a total carbon footprint of 245,954.41 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 75.17% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to NIO's total carbon footprint was Scope 2 emissions, accounting for 49.16% of the company's total carbon footprint, followed by Scope 3 emissions at 38.75%.a