Geely Auto unveils ground breaking ESG strategy

Geely Auto unveils ground breaking ESG strategy

Riyadh, Saudi Arabia - 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's achievements in reducing carbon emissions, increasing new energy vehicle sales, and promoting renewable energy integration.

Key highlights from the 2022 ESG report include:

- Decrease in Carbon Emissions: 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.

- New Energy Vehicle Sales Surge: Geely Auto witnessed an impressive 300% year-on-year increase in the sales of new energy vehicles, emphasizing its commitment to sustainable mobility solutions.

- National Recognition: Geely Auto's nine vehicle plants were recognized as national "green factories" for their eco-friendly practices. The Xi'an plant was the first zero-carbon plant in China's vehicle industry and received recognition at the APEC China CEO Forum for its sustainable industrial development.

- Renewable Energy Integration: The company increased its installed capacity of photovoltaic power generation to 307 MW, with renewable electricity accounting for 36%