On April 28, Geely Auto Holdings Ltd. released its 2024 Environmental, Social, and Governance (ESG) report. The report highlights Geely’s strong performance in six key ESG areas. It shows a coordinated effort to reduce emissions through diverse measures like energy regeneration, product energy savings, material recycling, and technological innovation. Geely achieved an 18% reduction in carbon emissions per vehicle over its lifecycle compared to the 2020 baseline. The company saw a 92% year-on-year increase in new energy vehicle sales, reaching 888,000 units. Geely operates 12 green factories and 11 zero-waste factories, becoming the only automaker selected as one of the first “zero-waste enterprises” in the country. It earned excellent ESG ratings from several authoritative organizations. 2025 marks the final year of the “Smart Geely 2025” strategy. Geely will steadily advance its six strategic directions: climate neutrality, natural benefits, comprehensive safety, digital innovation, shared prosperity, and governance and ethics. The goal is to achieve a carbon reduction of over 25% per vehicle over its entire lifecycle. In 2024, Geely’s new energy transformation will break through and enter a strong growth cycle. The company will launch over ten high-value smart vehicles, including the Geely Galaxy E8/E5/Xingjian 7 EM-i and Lynk & Co Z10/Z20. New energy vehicle sales will exceed 888,000 units, marking a year-on-year growth of about 92%. This growth will accelerate the adoption of low-carbon, environmentally friendly travel. While sales surge, Geely will deepen its focus on diverse smart electric technology research and application. The company will introduce innovations like the GEA new energy architecture, Thor EM super electric hybrid, Shield Gold Brick short-blade battery, 11-in-1 smart electric drive, AI digital chassis, and Flyme Auto smart cockpit. Geely will quickly capture high points in battery, intelligence, and safety technologies. The company will also explore the potential of clean fuels like methanol and develop the “Geely Carbon Warehouse.” It will launch fifth-generation super methanol electric hybrid technology and provide fourth-generation Emgrand methanol-hydrogen electric hybrid vehicles for the 2025 Asian Winter Games and Harbin Transportation Group, continuing to promote green, low-carbon, sustainable development in the automotive industry.
Geely’s innovative technology enhances every smart vehicle. It improves intelligence, safety, and environmental quality. Geely maintains its industry-leading position. In 2024, eight models earned five-star ratings from C-NCAP. Three models received five-star ratings from E-NCAP. One model achieved five stars from A-NCAP. Five models gained five-star ratings from ASEAN-NCAP. The Zeekr 001 scored top marks in China’s electric vehicle fire safety tests. The Geely Galaxy E5 also earned NESTA six-dimensional electric safety certification, electromagnetic interference safety certification, and recognition as a “low-carbon leader” model in China. Geely’s comprehensive safety approach resonates widely. It has gained recognition from many authoritative organizations and market users.
Geely Auto earned praise from users and the industry in 2024. It ranked first in five categories of the China Automotive User Satisfaction Index. Geely brand received the J.D. Power 2024 After-Sales Service Satisfaction award for the top Chinese brand and second among mainstream brands for two consecutive years. Lynk & Co ranked first in the China Automotive Intelligent Experience Study for traditional energy vehicles for three years. Zeekr won first place in the same study for mainstream new energy vehicles. Geely Auto aims for a sustainable industrial value chain. In 2024, it focuses on a “three-end collaboration integration” approach to enhance sustainability. This includes manufacturing, supply, and user responsibilities. The company emphasizes pollution and waste management, resource use and conservation, circular economy, and biodiversity protection. Geely explores new paths for ecological and corporate collaboration, engaging value chain partners to build a green, low-carbon, sustainable ecosystem. In manufacturing, Geely promotes carbon reduction through energy efficiency, clean energy replacement, and digitization. In 2024, it installed 445 megawatts of solar capacity, an 11% increase year-on-year. All six vehicle manufacturing bases use 100% renewable electricity, with over 64% of electricity coming from renewable sources. Geely has already met its goal of building three zero-carbon factories.
Geely Auto focuses on natural benefits. It assesses natural capital projects and produces the “Natural Risk and Opportunity Management Report for Vehicle Manufacturing Bases.” It establishes the “Maturity Evaluation Index System for Natural Benefits Management.” All vehicle manufacturing bases conduct maturity evaluations for natural benefits management. Geely now has 12 national-level green factories and 11 zero-waste factories. In 2024, water consumption density will decrease by 1.6%, and hazardous waste generation density will drop by 7%. All vehicle bases will achieve ISO 14001 external certification. On the supply side, Geely actively promotes green procurement. It has increased the use of recycled materials in models like the Geely Galaxy E8 and Lynk & Co Z20 to 20% recycled steel, 30% recycled aluminum, and 25% recycled plastic. Core suppliers use over 50% green electricity, and nearly half reach 100% usage. Geely has established a closed-loop recycling system for stamping waste and engine machining aluminum shavings. In 2024, it will recycle over 15,000 tons of recycled steel and about 5,000 tons of recycled aluminum, reducing carbon emissions by approximately 115,000 tons. Geely also develops a circular economy to maximize resource value. It focuses on three main areas: circular vehicles, circular parts, and circular materials. Through technological innovation, process improvement, and supply chain collaboration, it builds an integrated automotive circular ecosystem. In 2024, Geely will complete the refurbishment of 1,770 circular vehicles and sell 67,419 reused and remanufactured parts to the aftermarket. Additionally, Geely has partnered with Shougang Group, signing a memorandum for cooperation on the circular economy and closed-loop recycling value system for automotive steel, aiming for deeper collaboration in this area.
Geely Auto focuses on employees. The company believes everyone is talented and can succeed. It implements three talent strategies: talent forest, four modernizations and one new initiative, and shared prosperity. Geely views employees as its most valuable asset for sustainable development. In 2024, Geely provides 1.85 million hours of specialized training in electrification and digitalization. It covers 100% of key positions in digital skills. The company continues to improve employee income growth plans and career advancement programs. It also launches a family health insurance plan and introduces long-term incentive options. These measures promote shared growth and create value for individuals and the organization. Geely practices efficient governance, strengthens systems, and fulfills social responsibilities. It ensures sustainable and healthy business development. The company commits to compliance, focusing on governance, integrity, information security, and user privacy. In 2024, Geely’s independent non-executive directors increased to 45%. Female directors now make up 27%. The company linked ESG performance assessments to compensation incentives for the first time. It included annual carbon reduction goals, ESG work plan management, and ESG information management in the ESG performance evaluation. Geely further refined its ESG organizational structure. It established four specialized working groups under the ESG task force: climate action, labor and human rights, green supply chain, and circular economy. This aims to strengthen the management of key ESG issues. In 2024, Geely publicly released several ESG policies, including the Code of Conduct, Geely Supplier Code of Conduct, Human Rights Policy Statement, Sustainable Raw Materials Policy, Employee Rights Statement, Data Vision, Environmental Statement, and Biodiversity Policy Statement. These policies enhance commitments to the environment, data, human rights, and supply chain. In information security, Geely achieved ISO 27001 certification for information security management and automotive cybersecurity management. All employees participated in information security and privacy compliance training. Geely has not experienced any information security breaches or other cybersecurity incidents for four consecutive years. Geely Auto invests more in eco-friendliness, emergency relief, and community development. In 2024, it has held over 50 biodiversity outreach events, reaching more than 5,000 people. For 11 consecutive years, it has run the “Green Runway” program for rural youth sports dreams. Employees have volunteered 5,271 hours in the community. They have helped over 1,500 car owners obtain first aid certificates from the Red Cross.
Geely Auto released its ESG report for the fifth consecutive year. To enhance its ESG efforts, the 2024 report complies with new climate disclosure rules from the Hong Kong Stock Exchange. Geely adopts international disclosure standards and uses a dual materiality assessment for the first time. The report also includes a financial impact assessment and expands the scope of third-party data verification. It adds social indicators to improve data accuracy, reliability, and credibility. Geely’s ESG management, comprehensive information disclosure, and active stakeholder engagement earned widespread acclaim and authoritative recognition in 2024. The company received the “Excellence” rating in the Carbon Leadership Awards from Caijing for three years in a row. It ranked eighth on the “Pioneers of ESG Listed Companies in China” list for two consecutive years, maintaining the top position among Chinese automakers. Additionally, Geely achieved an AA rating from MSCI ESG, made the Hang Seng Sustainable Development Index for two years, and received honors for industry excellence and leadership among Chinese automakers. These accolades affirm Geely’s status as a benchmark for ESG in the Chinese automotive sector.
Geely’s Sustainable Development Committee Chair, Gan Jiayue, states, “Companies must focus on long-term value, not just short-term profits. They should create value for society and benefit stakeholders like users, employees, partners, and communities. This leads to harmony between business, society, and the environment.” In 2025, Geely will use the “Taizhou Declaration” as its guide for high-quality development. The company will embrace long-term thinking and integrate its ESG strategy into innovation. Geely will explore diverse energy, innovative technology, and circular economy systems. It will leverage AI technology to promote safety and equality. Geely aims to become the most competitive and respected global tech-driven car manufacturer, creating greater value for sustainable development and moving toward its vision of “filling the world with Geely.”