In 2021, Geely Holding Group joined the United Nations Global Compact (UNGC), committing itself to upholding the ten principles of the Compact covering human rights, labour, the environment, and anti-corruption as well as contributing to the 17 UN Sustainable Development Goals in its strategies and operations. The Group has announced its goal of achieving carbon neutrality across its entire value chain by 2045, joining a swell of manufacturers committing to a greener future. Individual businesses and brands under the Group have also formulated their own carbon neutrality strategies and goals with step-by-step roadmaps.
Geely Auto also hopes to reduce whole vehicle lifecycle carbon emissions 25% by 2025 as Volvo Cars announced its goal of achieving carbon neutrality by 2040, climate neutral manufacturing and operations by 2025, and become a 100% BEV company by 2030. Polestar also recently announced its goal of introducing a fully carbon-neutral automotive product and eliminating carbon emissions from their supply chain and production by 2030.
Elevating the importance of sustainability management, the Group has established a board level Environmental, Social and Governance Committee to guide and facilitate the implementation of sustainability initiatives across the Group’s businesses and brands. Geely also established a Collaboration Steering Group composed of the CEO of Geely Holding and CEOs of affiliated brands and businesses to encourage ESG resource sharing and mutual empowerment across the Group.
Encouraging greener and more sustainable mobility, sales of plug-in hybrid and battery electric vehicles across the Group increased approximately 94% YoY in 2021.
Using clean energy for green factories, the Group has increased total solar power capacity at its facilities to 110MW. Approximately 79,548 MWh of solar power have been used throughout the year.
The Group also boasts an industrial water recycling rates at its production facilities have reached 97.57%.
Aiming to reduce resource use and waste creation, the Group has adopted circular packaging and encourages the reuse and recycling of sustainable packaging across its manufacturing bases. With an aim to phase out the use of disposable single-use packaging, the Group has set annual targets for recyclable packaging.
The use of sustainable materials by the Group has extended beyond just packaging. Across its entire value chain, the Group is prioritizing the use of eco-friendly sustainable materials in the manufacturing of vehicles including recycled steel, aluminum, plastics, and natural fibers. Successful implementation can be seen in many of the Group’s affiliated brands products such as the Zeekr 001 chassis made with 15% recycled steel and 25% recycled aluminum alloy, interior fabrics in the Geometry models obtaining the highest-level European eco-friendly material certification, Polestar development of biodegradable composite materials, Volvo’s partnership with SSAB to use fossil-free zero-carbon emission steel.