{"id":41447,"date":"2023-05-21T18:42:42","date_gmt":"2023-05-21T15:42:42","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=41447"},"modified":"2026-03-28T03:20:51","modified_gmt":"2026-03-28T00:20:51","slug":"geely-auto-unveils-ground-breaking-esg-strategy-and-releases-2022-esg-report","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/geely-auto-unveils-ground-breaking-esg-strategy-and-releases-2022-esg-report\/","title":{"rendered":"Geely Auto Unveils Ground Breaking ESG Strategy\u00a0and Releases 2022 ESG Report"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>Riyadh, Saudi Arabia &#8211; May 21<sup>st<\/sup>, 2023<\/em><\/strong>&nbsp;&#8211; Geely Automobile Holdings Limited (0175.HK) proudly announces the publication of its 2022 Environmental, Social, and Governance (ESG) report, marking a significant milestone for the company in its commitment to sustainable development. The report highlights Geely Auto&#8217;s achievements in reducing carbon emissions, increasing new energy vehicle sales, and promoting renewable energy integration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key highlights from the 2022 ESG report include:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\">\n<li><strong>Decrease in Carbon Emissions:<\/strong>&nbsp;Geely Auto successfully reduced its lifecycle carbon emissions per vehicle by 8.1% in comparison to 2020. The company is dedicated to further reducing lifecycle carbon emissions per vehicle by more than 25% by 2025 and aims to achieve carbon neutrality by 2045.<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New Energy Vehicle Sales Surge:<\/strong>&nbsp;Geely Auto witnessed an impressive 300% year-on-year increase in the sales of new energy vehicles, emphasizing its commitment to sustainable mobility solutions.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>National Recognition:<\/strong>&nbsp;Geely Auto&#8217;s nine vehicle plants were recognized as national &#8220;green factories&#8221; for their eco-friendly practices. The Xi&#8217;an plant was the first zero-carbon plant in China&#8217;s vehicle industry and received recognition at the APEC China CEO Forum for its sustainable industrial development.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Renewable Energy Integration:<\/strong>&nbsp;The company increased its installed capacity of photovoltaic power generation to 307 MW, with renewable electricity accounting for 36% of its vehicle plants&#8217; energy consumption.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comprehensive Supply Chain Sustainability:&nbsp;<\/strong>Geely Auto established a supply chain sustainability system, developed 13 types of low-carbon materials, and plans to incorporate recycled materials in its upcoming 2025 models. Moreover, 30% of tier 1 suppliers have adopted renewable electricity.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>User-Oriented Innovation:<\/strong>&nbsp;Geely Auto prioritizes user experience and safety. It received accolades for various models, including the Lynk&amp;Co 09 and the Emgrand series, which were recognized for their environmental design. The company also focuses on ultra-low emission technology and aims to enhance the proportion of new energy models.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Social Responsibility:<\/strong>&nbsp;Geely Auto actively engages in social welfare initiatives, ranging from eco-friendly campaigns to education programs benefiting rural areas. Its commitment to corporate social responsibility earned Geely Holding Group the prestigious &#8220;Best Responsible Corporate Brand of the Year&#8221; award in the 2022 CSR List.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674-1024x575.webp\" alt=\"PHOTO-2023-05-22-13-18-53_ssict_1200_674\" class=\"wp-image-41449\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674-1024x575.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674-300x169.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674-768x431.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674-1080x607.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/PHOTO-2023-05-22-13-18-53_ssict_1200_674.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Building upon these achievements, Geely Auto takes a significant step forward by disclosing its six-direction ESG strategy for the first time. The strategy encompasses climate neutrality, nature positive, all-around safety, digitalization &amp; innovation, co-prosperity, and governance and ethics. Geely Auto aims to establish a sustainable mobility ecosystem for intelligent vehicles and collaborates with industry partners to promote a sustainable mobility ecology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking ahead, Geely Auto plans to achieve carbon neutrality by 2045 and reduce lifecycle carbon emissions per vehicle by over 68% by 2035, with 2020 as the baseline. The company will construct additional zero-carbon factories, increase the adoption of new energy vehicles, enhance recycling efforts, and continue investing in technological advancements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Geely Auto&#8217;s commitment to ESG practices has garnered significant market recognition, including selection as a constituent stock of HSESG50, HSSUSB, and FTSE4Good Index Series. Furthermore, the company&#8217;s MSCI ESG rating was upgraded to A, and its Sustainalytics ESG risk rating was adjusted to low risk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An Conghui, Chairman of Geely Auto Sustainability Committee, expressed his confidence in Geely Auto&#8217;s commitment to sustainability, stating, &#8220;Geely Auto always puts sustainability as the core element of corporate development, and will continue to explore the space for improvement based on the industry&#8217;s best practices, aiming to become a benchmark for sustainable development in the automotive industry.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Saudi Arabia &#8211; May 21st, 2023&nbsp;&#8211; Geely Automobile Holdings Limited (0175.HK) proudly announces the publication of its 2022 Environmental, Social, and Governance (ESG) report, marking a significant milestone for the company in its commitment to sustainable development. The report highlights Geely Auto&#8217;s achievements in reducing carbon emissions, increasing new energy vehicle sales, and promoting [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":41448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":26,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-41447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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