Geely Holding outlines ESG strategy

Sales of plug-in hybrid (PHEV) and battery electric vehicles (BEVs) across the Geely Holding Group doubled to more than 640,000 vehicles in 2022, showcasing 100.3% growth.

So says the automotive company in releasing its environmental, social and governance (ESG) management framework and strategy 2022 covering climate change, resource conservation, safe mobility, sustainable value chains, and employee and community welfare.

Aiming to reach operational carbon neutrality by 2030 and full value chain carbon neutrality by 2045, Geely says it’s the first Chinese automotive group to be a partner of the leading collaborative platform Drive Sustainability, facilitated by CSR Europe and that its Xi’an plant became the first plant in China to achieve zero-carbon operations.

About 13 Geely plants in China were rated “Green Factories” by the Ministry of Industry and Information Technology. 

LEVC’s Coventry plant ran on 100% green electricity in 2022 and Volvo’s Taizhou plant has also achieved 100% carbon neutrality in electricity use.

Geely Auto installed 307MW of photovoltaic power, an increase of 168.7% on 2021, and the world’s first 100,000-ton green methanol factory invested in by Geely started production in Henan Province as it intends using green methanol and green electricity for its drive towards carbon neutrality.

It launched the world’s first methanol hybrid sedan offering low operating cost and ultra-low emissions.

The new Zeekr 009 uses eco-friendly materials such as “Ultrasuede” to cover its interior and plant-based materials account for nearly 30% of materials used.

Geely Auto’s Geometry E uses plastics made from plant straw and felt lining from recycled PET fibres. The new Volvo EX90 will use 15% recycled steel, 25% recycled aluminium as well as 48kg of recycled plastic and bio-based materials, and the recently launched Lotus Eletre SUV comprises 89% recyclable materials.

The group says it is also working with supply chain partners to transition towards zero-carbon materials, zero-carbon manufacturing, and zero-carbon energy.

Geely Holding Group chairman Eric Li says the company works to strengthen its core competitiveness through technological innovations, ecological developments, win-win collaborations, and improved global corporate governance.

“We also uphold and practise ESG to ensure a better world for everyone.”

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