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NIO Inc
NIO's GHG Emissions Data Preview
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 | 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.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | 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. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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. | 0000000 |
Verified Sources Behind NIO’s Greenhouse Gas (GHG) Emissions Data
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Insights into NIO's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofNIO amounted to150,648.68metric 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 NIOincreased by 7.29%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
NIO's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are NIO's Scope 1 emissions?
In 2024, the total Scope 1 emissions of NIO were 29,738.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
What are NIO's Scope 2 emissions?
In 2024, NIO reported Scope 2 greenhouse gas (GHG) emissions of 100,708.83 tCOâ‚‚e using the market-based method and 120,910.58 tCOâ‚‚e using the location-based method.a
Has NIO reduced its Scope 2 emissions over time?
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
What methodology does NIO use for Scope 2 reporting?
In 2024, NIO reported its Scope 2 emissions using the market-based method and using the location-based method.a
NIO's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into NIO's Value Chain Emissions
In 2024, NIO reported 95,305.73 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 NIO includes a breakdown across 0of 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
NIO's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are NIO's Scope 3 emissions?
In 2024, NIO reported total Scope 3 emissions of 95,305.73 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Insights into NIO’s GHG Emissions Intensity Compared to Industry Peers
In 2024, NIO reported Scope 1 greenhouse gas (GHG) emissions of 29,738.1 tCOâ‚‚e and total revenues of USD 1,255 millions. This translates into an emissions intensity of 23.7 tCOâ‚‚e per millions USD.a
NIO's Scope 1 Emissions Intensity Compared to Peers
How does NIO's GHG emissions intensity compare to its peers?
In 2024, NIO reported a Scope 1 emissions intensity of 23.7 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.02, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does NIO rank on GHG emissions intensity within its industry?
In 2024, NIO ranked 22 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 NIO among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into NIO's Total Carbon Footprint
In 2024, NIO reported a total carbon footprint of 245,954.41 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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