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What do you need to know about Geely 2023 Sustainable Development Report

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NetEase Auto reported on May 23 When it comes to methanol cars, no one in the automotive industry is more persistent than Li Shufu.

Last February, auspicious Welcome the commissioning of a 100000 ton green low-carbon methanol plant, and further layout the green methanol ecology. This is a new beacon lit by Geely for China's energy diversification strategy, and also a major event in Geely's sustainable development work in 2023.

As enterprises become larger and larger, it is necessary to "plan" for sustainable development. Integrating the sustainable development strategy into the corporate DNA is a way for an enterprise not only to focus on finance and performance, but also to focus on the fate of mankind and the earth, which will ultimately feed back the business development of the company.

A few days ago, Geely Holdings also released the 2023 Sustainable Development Report. The 126 page report disclosed Geely's progress in the six key strategic areas of compliance and business ethics, climate action, resource protection, transportation, value chain responsibility, employees and communities in 2023.

According to the previously set goals, Geely will achieve carbon neutrality at the operational level by 2030 and achieve full link carbon neutrality by 2045. Compared with the reference year 2020 and 2023, the carbon emissions of Geely's single vehicle in the whole life cycle will be reduced by 12%, the average carbon emissions of the use end will be reduced by 16.2%, and the carbon emissions of the manufacturing end will be reduced by 53.7%.

 What do you need to know about Geely 2023 Sustainable Development Report

In 2023, the global environment, society and economy will encounter multiple challenges. Li Shufu said in his report message, "Geely Holding deeply understands the importance of adhering to sustainable operation and improving risk prevention and control capabilities in the current complex international environment, and should consciously practice the common destiny of mankind idea And unswervingly take the road of high-quality development. "

 What do you need to know about Geely 2023 Sustainable Development Report

It is also Li Shufu's goal and dream to solve the world energy problem with green methanol. He said frankly that Geely should be a breakthrough in new energy power, protect China's energy security and promote global energy technology progress while achieving green energy transformation.

Of course, as one of the first Chinese enterprises to join the UN Global Compact, Geely Holding's sustainable development strategy is not limited to methanol vehicles, but is committed to exploring the path of carbon neutrality with Chinese characteristics applicable to the field of automobile travel.

At present, Geely has synchronously explored pure electricity, hybrid, plug-in/extended range, green methanol, power exchange, etc element The new energy technology path has been integrated, and the overall goal of achieving carbon neutrality in the whole link by 2045 has been formulated.

 What do you need to know about Geely 2023 Sustainable Development Report

Under the overall goal, Geely has also made clear its short-term, medium-term, medium and long-term plans, that is, to reduce the carbon emissions of a single passenger vehicle throughout its life cycle by 25% by 2025, to achieve carbon neutrality at the operational level of the whole group by 2030, and to achieve zero carbon readiness at the operational level by 2040. Among them, zero carbon readiness means that although zero emissions have not been achieved, the conditions for achieving zero emissions have been met.

At the national level, China's "dual carbon" goal is to strive to achieve carbon peak by 2030 and carbon neutrality by 2060. In other words, Geely is 15 years ahead of the national carbon neutral target.

 What do you need to know about Geely 2023 Sustainable Development Report

In some detailed goals, we also note that Geely promises to form a clear path of natural benefit business transformation in 2025 and establish a virtuous circle between natural resources and business development. That is to say, one year later, Geely can find a clear path to achieve a balanced interaction between production and operation and natural ecological resources.

 What do you need to know about Geely 2023 Sustainable Development Report

In fact, the sustainable development report is often the second financial report of an enterprise. As a listed company, Geely has released reports for 12 consecutive years, and last year for the first time disclosed its corporate ESG strategy in six directions, taking compliance and business ethics, climate action, resource protection, transportation, value chain responsibility, employees and communities as key strategic areas.

Geely also made it clear that it hopes to become a carbon neutral enterprise benchmark in China. Therefore, in Geely Holding, the Board of Directors is responsible for supervising the work related to sustainable development, and the strategic level is very high. In 2023, Geely Holding also optimized the organizational structure of sustainable development in order to strengthen management coordination.

Of course, the sustainable development strategy includes all aspects from products to the whole value chain, which must be a systematic battle. With the regulation and capital market becoming more strict on the disclosure of sustainable development strategies, auto companies are also accelerating the actual performance and systematic management of sustainable development related issues.

For Geely, the most intuitive view is that in 2023, its sales of new energy vehicles will exceed 980000, accounting for more than 35% of the total sales, an increase of 51% year on year, significantly reducing the carbon emission data of vehicle users.

Geely also integrates new materials and technologies into the whole value chain of the vehicle life cycle to achieve low-carbon and recycling. For example, Geely Galaxy E8 parameter | picture )More than 30 lightweight technologies, such as thermoforming integrated door knocker and aviation grade aluminum alloy, have been used in models such as Helik 08. The polyester fiber used in the interior of Volvo EX30 can be recycled up to 100%.

At the production and manufacturing end, Geely has three zero carbon factories and 17 "national green factories", Volvo Taizhou factory has also become its first climate zero load factory in China, and logistics transportation uses new energy low-carbon vehicles for logistics distribution, so as to improve the enterprise's independent emission reduction capacity as a whole.

According to the phased emission reduction targets set by Geely Group's brands, Cao Cao has achieved carbon neutrality in operation by 2023; Geely Automobile will reduce the carbon emissions of single vehicle in the whole life cycle by more than 25% in 2025 (taking 2020 as the base year); Volvo will realize zero load global climate operation of production and manufacturing in 2025; Lotus Science and technology will achieve a 100% pure electric vehicle product matrix in 2027; Long distance new energy commercial group should achieve carbon neutrality by 2030; Polar Star will also halve its greenhouse gas emissions by 2030 (taking 2020 as the base year).

 What do you need to know about Geely 2023 Sustainable Development Report

As a responsible automobile enterprise group, Geely believes that sustainable development is not an optional question, but a must answer. Under the national "double carbon" goal, the implementation of sustainable development strategy can promote the integration of ecological benefits, economic benefits and social benefits. This is not only limited to its own production and manufacturing layout, but also includes promoting the establishment of sustainable development standards for suppliers throughout the industry chain.

 What do you need to know about Geely 2023 Sustainable Development Report

To this end, Geely Automobile has incorporated sustainable development capability into the supplier evaluation system, and updated the Code of Conduct for Geely Suppliers in 2023 to further clarify its standards in environmental and social responsibility, as well as to supplement the detailed requirements for working environment and human rights, business ethics, communication and training, so as to promote suppliers to "sign as soon as possible"; The independently developed Jisuyun blockchain traceability platform has been put into use, including Volvo, Jixing, Geely, Lutes and other brands, which can realize the whole life cycle traceability from the whole vehicle to the raw material mining companies.

In terms of organizational structure, Geely has also set up a supply chain coordination committee at the group level, with an executive body responsible for promoting the implementation of strategic tasks and management requirements.

As we all know, the automotive industry chain is long and has a wide range of radiation. If we can create a number of supplier systems that respond to the sustainable development strategy, it will not only affect the direct stakeholders, but also jointly provide the industry and society with sustainable development value. Geely is also constantly optimizing the talent life cycle training system to repay employees.

In the opinion of Li Donghui, CEO of Geely Holding, the concept of sustainable development and ESG practice have also better promoted Geely's business growth. In 2023, the total sales volume of the whole group will be about 2.79 million vehicles, as evidenced by a year-on-year growth of about 20%.

He said, "Geely Holding Group will continue to create economic, environmental and social values under the premise of global compliance, driven by talent and technological innovation, and centered on user experience."

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