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Seres Group Co Ltd

Common Name
Seres Group
Country
China (Mainland)
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
18,838
Ticker
601127
Exchange
SHANGHAI STOCK EXCHANGE
Description
Seres Group Co., Ltd. is a prominent entity in the automotive industry, primarily engaged in the research, development, manufacturing, and sale of vehicles. This company is especially recognized for i...

Seres Group's GHG Emissions Data Preview

In 2024, Seres Group 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, Seres Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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b
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b
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
0000000
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Verified Sources Behind Seres Group’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 Seres Group’s data sources below and access millions more through our Disclosure Search.

a. Seres Group's ESG Report 2024
a. Seres Group's ESG Report 2024
b. Seres Group's ESG Report 2023
b. Seres Group's ESG Report 2023

Insights into Seres Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSeres Group amounted to272,224.73metric 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 Seres Groupincreased by 79.65%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Seres Group's Scope 1 Emissions Over Time

202220232024025 k50 k75 k100 ktCO2e-15%+86%
  • Total Scope 1
  • Year-over-Year Change

What are Seres Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Seres Group were 88,690.29 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Seres Group reduced its Scope 1 emissions over time?

Since 2022, Seres Group's Scope 1 emissions have increased by 57.44%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Seres Group's Scope 1 emissions increased by 85.71%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Seres Group's Scope 2 emissions?

In 2024, Seres Group reported Scope 2 greenhouse gas (GHG) emissions of 183,534.44 tCOâ‚‚e without specifying the calculation method.a

Has Seres Group reduced its Scope 2 emissions over time?

Since 2022, Seres Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 31.66%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Seres Group's Scope 2 emissions(Unspecified Calculation Method) rose by 76.86% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab

What methodology does Seres Group use for Scope 2 reporting?

In 2024, Seres Group reported its Scope 2 emissions using an unspecified methodology.a

Seres Group's Scope 2 Emissions Over Time

202220232024050 k100 k150 k200 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Seres Group's Value Chain Emissions

In 2024, Seres Group reported 69,946.82 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 Seres Group includes a breakdown across 0of the 15 Scope 3 categories defined by the GHG Protocol,down from 1 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a

Seres Group's Scope 3 Emissions Over Time

20232024020 k40 k60 k80 ktCO2e+109%
  • Total Scope 3
  • Year-over-Year Change

What are Seres Group's Scope 3 emissions?

In 2024, Seres Group reported total Scope 3 emissions of 69,946.82 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Compared to the previous year (2023), Seres Group's Scope 3 emissions increased by 109.19%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

Insights into Seres Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Seres Group reported Scope 1 greenhouse gas (GHG) emissions of 88,690.29 tCOâ‚‚e and total revenues of USD 19,892 millions. This translates into an emissions intensity of 4.46 tCOâ‚‚e per millions USD.a

Seres Group's Scope 1 Emissions Intensity Compared to Peers

2002,00020,000500,0005,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)BAZCSCBXLWBBBeiqi Foton MotorYear: 2024Scope 1: 47,047 tCO2eRevenue: $M 6,536Scope 1 Intensity: 7.20 tCO2e/$MYum China HoldingsYear: 2024Scope 1: 220,101 tCO2eRevenue: $M 11,303Scope 1 Intensity: 19.47 tCO2e/$MNingbo Joyson ElectronicYear: 2024Scope 1: 37,554 tCO2eRevenue: $M 7,654Scope 1 Intensity: 4.91 tCO2e/$MAAAima Technology GroupYear: 2024Scope 1: 11,421 tCO2eRevenue: $M 2,961Scope 1 Intensity: 3.86 tCO2e/$MDongfeng Motor GroupYear: 2024Scope 1: 273,693 tCO2eRevenue: $M 15,841Scope 1 Intensity: 17.28 tCO2e/$MNIOYear: 2024Scope 1: 29,738 tCO2eRevenue: $M 1,255Scope 1 Intensity: 23.70 tCO2e/$MZZZEEKR Intelligent Technology HoldingYear: 2024Scope 1: 24,843 tCO2eRevenue: $M 1,460Scope 1 Intensity: 17.01 tCO2e/$MCCChaowei Power HoldingsYear: 2024Scope 1: 72,971 tCO2eRevenue: $M 7,544Scope 1 Intensity: 9.67 tCO2e/$MYadea Group HoldingsYear: 2024Scope 1: 6,091 tCO2eRevenue: $M 4,223Scope 1 Intensity: 1.44 tCO2e/$MSSSichuan Changhong ElectricYear: 2024Scope 1: 43,191 tCO2eRevenue: $M 14,208Scope 1 Intensity: 3.04 tCO2e/$MCCChina Tourism Group Duty FreeYear: 2024Scope 1: 2,631 tCO2eRevenue: $M 7,738Scope 1 Intensity: 0.34 tCO2e/$MBBBAIC BlueParkYear: 2024Scope 1: 12,083 tCO2eRevenue: $M 1,988Scope 1 Intensity: 6.08 tCO2e/$MXXXpengYear: 2024Scope 1: 27,873 tCO2eRevenue: $M 780Scope 1 Intensity: 35.73 tCO2e/$MBYDYear: 2024Scope 1: 1,539,251 tCO2eRevenue: $M 106,480Scope 1 Intensity: 14.46 tCO2e/$MANTA Sports ProductsYear: 2024Scope 1: 7,580 tCO2eRevenue: $M 10,538Scope 1 Intensity: 0.72 tCO2e/$MZhejiang Leapmotor TechnologyYear: 2024Scope 1: 16,467 tCO2eRevenue: $M 4,811Scope 1 Intensity: 3.42 tCO2e/$MBAIC MotorYear: 2024Scope 1: 168,636 tCO2eRevenue: $M 28,800Scope 1 Intensity: 5.86 tCO2e/$MSAIC MotorYear: 2024Scope 1: 610,000 tCO2eRevenue: $M 85,993Scope 1 Intensity: 7.09 tCO2e/$MLLLotus TechnologyYear: 2024Scope 1: 634 tCO2eRevenue: $M 924Scope 1 Intensity: 0.69 tCO2e/$MGreat Wall MotorYear: 2024Scope 1: 152,034 tCO2eRevenue: $M 27,352Scope 1 Intensity: 5.56 tCO2e/$MChongqing Changan AutomobileYear: 2024Scope 1: 151,868 tCO2eRevenue: $M 21,887Scope 1 Intensity: 6.94 tCO2e/$MGuangzhou Automobile GroupYear: 2024Scope 1: 159,201 tCO2eRevenue: $M 14,769Scope 1 Intensity: 10.78 tCO2e/$MLi AutoYear: 2024Scope 1: 64,500 tCO2eRevenue: $M 21,548Scope 1 Intensity: 2.99 tCO2e/$MWWWeichai PowerYear: 2024Scope 1: 232,673 tCO2eRevenue: $M 29,554Scope 1 Intensity: 7.87 tCO2e/$MSeres GroupYear: 2024Scope 1: 88,690 tCO2eRevenue: $M 19,892Scope 1 Intensity: 4.46 tCO2e/$M

How does Seres Group's GHG emissions intensity compare to its peers?

In 2024, Seres Group reported a Scope 1 emissions intensity of 4.46 tCOâ‚‚e per millions USD. Compared to the peer group median of 6.51, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Seres Group rank on GHG emissions intensity within its industry?

In 2024, Seres Group ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Seres Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Seres Group's Total Carbon Footprint

In 2024, Seres Group reported a total carbon footprint of 342,171.55 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 84.99% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Seres Group's total carbon footprint was Scope 2 emissions, accounting for 53.64% of the company's total carbon footprint, followed by Scope 1 emissions at 25.92%.a

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