Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon Neutrality
• Poverty Alleviation
• Pandemic Response
• Corporate Governance
• Talent Development
• Public Welfare

Environmental Achievements

• More than 220 million kilometers in green mileage delivered by Green Intelligent Link, resulting in 32,000 tonnes of carbon reduction and 29.547 million liters in fuel savings.
• 100% renewable energy supply achieved at the new LEVC UK base production plant.
• 15 Geely products selected for the Green Design Product list of the Ministry of Industry and Information Technology of the People’s Republic of China for three consecutive years.
• Average weight reduction of more than 50 KG for 25 passenger vehicle models through lightweight technology.

Social Achievements

• Launched Timely Rain poverty alleviation project, investing over CNY 680 million in the past five years, benefiting over 30,000 impoverished individuals.
• Launched Geely HOPE - Green Pathways program, benefiting 7,230 students in 42 primary schools.
• Established a special fund of CNY 200 million to combat the COVID-19 pandemic.
• Employed over 5,000 individuals from registered impoverished households.
• Provided training to nearly 2,700 students through poverty alleviation training centers.

Governance Achievements

• Built a stronger and more scientific sustainability governance structure.
• Consolidated compliance management structure and strengthened the compliance audit system.
• Awarded “Hangzhou Incorruptible Culture Demonstration Site”.

Climate Goals & Targets

Environmental Challenges

• Climate change related risks: acute risks from extreme weather events and chronic risks from persistent high temperatures and rising sea levels.
• Transition risks: policy and legal risks from evolving carbon neutrality targets, technical risks from increasing investments in new energy technologies, and market risks from changing consumer behaviors.
• Reputation risk: potential negative impacts on the company’s reputation due to climate change.
• COVID-19 pandemic: challenges to the global economy and supply chain disruptions.

Mitigation Strategies

• Established a comprehensive risk management framework and system to identify, evaluate, and manage climate risks.
• Formulated strategies to cope with future challenges, including promoting intelligent energy-saving NEVs, exploring diverse new energy technologies, and launching innovative mobility models.
• Strengthened pandemic prevention and control measures, organized Geely and the supply chain’s return to work, and provided necessary support.
• Implemented various measures to safeguard the health and safety of employees and supported global business partners.

Supply Chain Management

Supplier Audits: 99% of suppliers within Geely Auto and 97% within Geely Commercial Vehicle certified by IATF 16949.

Responsible Procurement

• IATF 16949, ISO 14001 and OHSAS 18000 incorporated into supplier evaluation criteria.
• Sustainability indicators included in supplier selection criteria for future joint development and procurement.

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons
• Heavy rainfall
• High temperatures
• Rising sea levels

Transition Risks

• Policy and legal risks from evolving carbon neutrality targets
• Technical risks from increasing investments in new energy technologies
• Market risks from changing consumer behaviors

Opportunities

• Development of electric, intelligent, and web-connected vehicles
• New energy technologies (pure electric, hybrid, plug-in hybrid, and methanol)

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs), HKEX ESG Reporting Guide, TCFD, SASB

Certifications: ISO 9001, IATF 16949, ISO 14001, ISO 45001, ISO 27001

Sustainable Products & Innovation

• Polestar Precept with sustainable interior design solutions using recycled materials.
• Geely Farizon Auto E12 pure electric city bus with “5A CN95 In-Cabin Wellness” certificate.
• Volvo Cars XC40 RECHARGE with high-level battery safety.

Awards & Recognition

• China Charity Award
• Outstanding Private Enterprises Engaged in the National Targeted Poverty Alleviation Action
• National Bases of Poverty Alleviation through Employment
• China Automotive Industry Science and Technology Award
• Hangzhou Incorruptible Culture Demonstration Site

Environmental Metrics

ESG Focus Areas

• Compliance and Business Ethics
• Climate Action
• Resource Conservation
• Traffic and Mobility
• Value Chain Responsibility
• Employees and Communities

Environmental Achievements

• Pledged to achieve carbon neutrality in operation by 2030 and across the entire value chain by 2045
• Geely Auto's Xi'an plant became the first domestic OEM plant to achieve zero-carbon
• World’s first 100,000-ton green methanol factory started production
• Reduced carbon emissions by more than 2.026 million tons (Cao Cao)
• Reduced carbon emissions by over 119,000 tons (Oneworld Technology)
• Reduced carbon emissions by over 27,000 tons (Xi'an plant)
• Reduced carbon emissions by 614.16 tons (Geely Auto)
• Reduced carbon emissions by 278,411 tons (Geely Auto rail water intermodal transportation)
• Reduced carbon emissions by about 0.8 tons for every 10,000 kilometers traveled (Emgrand methanol hybrid sedan)
• Reduced carbon dioxide emissions by 160,000 tons per year (green methanol plant)

Social Achievements

• Provided over 4.38 million hours of training for employees
• Donated over 133 million RMB
• Geely Hope—Green Pathways project benefited 82 schools
• Blue Guardian project cleared a total of 8.4 tons of waste from the ocean
• Launched the “Protect Natural Wonders” program with National Geographic
• Supported nearly 7,000 online ride-hailing and taxi drivers nationwide in purchasing new energy vehicles

Governance Achievements

• Established a comprehensive ESG management framework
• Formulated a group-wide ESG strategy
• Joined the United Nations Global Compact
• Became the first Chinese automaker to join the Drive Sustainability project
• Formulated the Zhejiang Geely Holding Group Compliance Code of Conduct (2023), the Zhejiang Geely Holding Group Compliance Management of Anti-Bribery Policy (2023), and the Zhejiang Geely Holding Group Compliance Management Corruption Policy (2023)

Climate Goals & Targets

Environmental Challenges

• Climate change caused widespread concerns and crises
• Rising unilateralism and protectionism brought about adverse effects on economic globalization
• Global automotive industry struggled to recover amidst economic fragilities
• Climate-related risks (policy and legal risks, acute risks, chronic risks, market risks, reputation risks)
• Transition risks (regulatory changes, market shifts)
• Physical risks (extreme weather, flooding)
• Scarcity of non-renewable resources and energy sources

Mitigation Strategies

• Assume greater ESG responsibilities and press on with technology transformation
• Developed a targeted strategy for carbon neutrality
• Developed carbon reduction strategies and targets for our brands
• Promoting electrification and intelligentization across all aspects of our business
• Working closely with our battery supply chain partners to develop a supporting ecosystem
• Reducing resource consumption and establishing pollution-free manufacturing processes
• Expanding sustainability risk management to key suppliers beyond tier two
• Building a more transparent supply chain of key raw materials with the help of blockchain technology
• Accelerating efforts to build a sustainable supply chain
• Implementing forward-looking risk management and routine monitoring methods
• Integrating climate risk management into the entire value chain
• Conserving energy and reducing emissions in production, technology, management, products and recycling links
• Using digital solutions to empower carbon management, support green finance, and encourage peer companies and the society to adopt low-carbon practices

Supply Chain Management

Supplier Audits: 93% of Tier 1 suppliers of Geely Auto have signed the Geely Holding Group Supplier Code of Conduct; 83% of Geely Auto's Tier 1 suppliers adopted the SAQ.

Responsible Procurement

• Geely Holding Group Supplier Code of Conduct
• Guiding Principles for Bidding of Zhejiang Geely Holding Group
• Management Regulations for Bidding of Zhejiang Geely Holding Group
• GeeTrace blockchain traceability platform

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons
• Heavy rainfall
• Persistent high temperatures
• Rising sea levels

Transition Risks

• Increased credit prices
• Stringent regulatory penalties
• Stringent regulatory policies on carbon emissions
• Mandatory emissions control
• Changes in consumer demand
• Changes in the prices of non-renewable resources and energy sources

Opportunities

• Development of energy-efficient products
• Development of green methanol technology

Reporting Standards

Frameworks Used: GRI Standards, UNGC, TCFD, SASB

Certifications: ISO 14001, ISO 45001, ISO 9001:2015, IATF 16949-2016, ISO 27001, UN Regulation No. R155 CSMS, UN Regulation No. R156 SUMS, ISO 26262:2018 ASIL D

Third-party Assurance: SGS-CSTC

Sustainable Products & Innovation

• ZEEKR 009 (eco-friendly materials)
• Emgrand methanol hybrid sedan
• Methanol-powered heavy-duty truck
• Radar RD6 electric pickup truck

Awards & Recognition

• Brand Finance's Top 10 Most Valuable Auto Portfolio Brands 2022
• Fortune China ESG Influencers List (Top 40)
• Forbes China Global 500
• Top 500 Chinese Enterprises
• Top 500 Machinery Companies in China
• China's Top 500 Private Enterprises
• Top 10 “Shining National Brands” (Geely Auto)
• China Eco-Car Platinum Medal (ZEEKR 009 and Boyue L)
• 5A Enterprise of the 2022 Automotive Industry Green Development Index
• Best Practice of 2022 in the Sustainable China Industrial Development Action Report (Xi'an plant)
• TOP Intelligence AEB Award and ELKA Award (Lynk & Co 09)
• First prize of the 3rd National Innovation Achievements of Intelligent Manufacturing in the Automotive Industry (ZEEKR Smart Factory)
• Trustworthy New Energy Enterprise of 2022 (Farizon New Energy Commercial Vehicle)
• Level 3 (Comprehensive Governance Level) Certificate of Data Security Governance (DSG) (Geely Auto)

Environmental Metrics

ESG Focus Areas

• Compliance and Business Ethics
• Climate Action
• Resource Conservation
• Traffic and Mobility
• Value Chain Responsibility
• Employees and Communities

Environmental Achievements

• 17 national-level green plants and 3 "zero-carbon plants" were recognized.
• 100,000-ton green, low-carbon methanol plant commenced operations.
• Lotus Global Smart Factory obtained PAS 2060 Carbon Neutral certification.
• Volvo C40 Recharge transitioned to biobased recyclable materials.
• LEVC TX features interiors made from healthy, eco-friendly materials.
• Geely Auto is setting standards with its natural capital assessments of vehicle bases.

Social Achievements

• Refined talent lifecycle training system.
• Organized collective weddings, relay races, and park fairs for employees.
• Granted the "Loyalty Award" medal to employees.
• Green Pathways initiative reached over 100 schools nationwide.
• Blue Guardian initiative mobilized over 3,000 volunteers.

Governance Achievements

• Enhanced corporate governance structure and compliance management systems.
• Incorporated compliant operations into assessment plans.
• ESG Committee renamed the Sustainability Committee.
• Integrated sustainability into the annual business performance evaluation indicator system (5% weight).

Climate Goals & Targets

Environmental Challenges

• Global climate change risks (physical and transition risks)
• Supply chain disruptions
• Compliance challenges (e.g., EU Batteries and Waste Batteries Regulation)

Mitigation Strategies

• Established climate risk management mechanism.
• Developed alternative sourcing strategies.
• Established battery business compliance task force.
• Developed compliance guidelines for key business processes.

Supply Chain Management

Supplier Audits: Geely Auto reviewed 78% of its tier-1 suppliers and 57 tier-2 suppliers.

Responsible Procurement

• Geely Supplier Code of Conduct
• Drive Sustainability SAQ Questionnaire
• GeeTrace blockchain-based traceability platform

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Changes in rainfall and temperature
• Rising sea levels

Transition Risks

• Climate-related regulatory changes
• Technological risks
• Market risks
• Reputation risks

Opportunities

• Demand for renewable energy
• Circular economy and recycling
• Demand for low-carbon products

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards 2021, IFRS S1, IFRS S2, UN SDGs, Ten Principles of the UN Global Compact

Certifications: ISO 14001, ISO 45001, PAS 2060, ISO 14064-1, IATF 16949

UN Sustainable Development Goals

• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 17

Initiatives contribute to these goals through various ESG actions.

Sustainable Products & Innovation

• Green methanol vehicles
• NEVs
• Vehicles with recycled and bio-based materials

Awards & Recognition

• Fortune Global 500
• Brand Finance's Top 10 Most Valuable Auto Portfolio Brands
• Various ESG awards and recognitions