Geely Auto's sustainable development strategy

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11 Sep 2023

Geely Auto's sustainable development strategy

Geely Auto Group, which is one of the leading automobile holdings in China, is distinguished by the introduction of the latest approaches and modern technologies in the industry. The company's development vision is in line with the global automotive trends, which are increasingly directed towards the transition from fossil fuels to new energy.

Geely Auto recently released the 2022 environmental, social and governance direction report. According to the data, the automaker, compared to 2020, reduced carbon emissions per car by 8.1%, while sales of new-energy models showed an annual increase of 300%. In 2022, 9 Geely transport factories were awarded the status of eco — friendly enterprises - "National Green Factory".

According to the same report, Geely Auto committed to reducing carbon emissions per vehicle by more than 25% by 2025, and becoming carbon neutral by 2045.

Geely Auto, together with the report, published the ESG strategy, which serves the Sustainable Development Goals and combines six directions: climate neutrality, nature welfare, security, digitalization, innovation and ethics. The company is actively working with partners to create a sustainable mobility ecosystem for the next generation of vehicles.

Effective reduction of carbon during the life cycle and harmonious coexistence with nature

Geely Auto, as a company with high social responsibility, is working on the concept of low carbon content throughout the life cycle of its products.

Geely Auto focuses on new electric models to achieve the Sustainable Development Goals. In 2022, Geely's Monjaro, Lynk&Co 09 and fourth generation Emgrand were awarded the National Green Design Product title, and Boyue L and ZEEKR 009 were certified C-ECAP platinum.

Industrial chain development and user experience upgrade

Corporate social responsibility is an important part of Geely Auto's sustainable development strategy. In 2022, the brand was involved in a number of public welfare activities in various areas. Among them are: ecology, access to education, development of villages and society, etc. In 2022, Geely Holding Group was awarded the status of" Best responsible corporate brand of the year".

Also, in 2022, Geely Monjaro, according to the estimates of the C-NCAP 2021 edition, became the first five-star model among Chinese brands.

Promoting diversified governance

The company is actively working to create a gender-equal work environment. As of 2022, the percentage of female directors at Geely Auto has increased to 27%, ensuring gender diversity on the board of directors.

Also, Geely Auto has developed an employee code of conduct and an anti-corruption policy to continuously improve its business ethics system.

In terms of data security, Geely Group has been awarded international ISO certification for four consecutive years, and the ZEEKR brand has also earned ISO certifications in privacy management system and data management management.

As for the future plans, Ann Conghui, head of Geely's sustainable development direction, said: "for Geely Auto, sustainable development is a key element of corporate development and will continue to work, research and develop in this direction in the future. The company aims to become a model for sustainable development in the automotive industry"“

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