GlobalData offers a comprehensive analysis of Guangzhou Automobile Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Guangzhou Automobile Group‘s ESG performance. GlobalData’s company profile on Guangzhou Automobile Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Guangzhou Automobile Group, a leading automotive company, is committed to reducing its carbon emissions and contribute to environmental sustainability. In response to climate change, GAC Group actively promotes "carbon peaking and carbon neutrality" actions. The company has developed an energy conservation and emission reduction plan, aiming to achieve carbon neutrality throughout the product life cycle by 2050, with a stretch goal of 2045.
In 2022, Guangzhou Automobile Group disclosed a total of 1,329,409.0 tons of greenhouse gas emissions (Scope 1 and Scope 2), with a greenhouse gas emission density of 2.6 tons per RMB1 million. Specifically, direct greenhouse gas emissions (Scope 1) amounted to 200,668.2 tons, while indirect greenhouse gas emissions (Scope 2) reached 1,128,740.8 tons.
Guangzhou Automobile Group has taken steps towards emission reduction. The Group has set distinct goals for six key energy-saving and emission-reduction domains, encompassing green production, green products, green supply chain, green travel, green finance, and green community. These objectives are designed to accelerate the implementation of the "carbon peaking and carbon neutrality" initiative, taking into account the company's operational context. The company has also highlighted its commitment to R&D and innovation, which can contribute to developing more sustainable and environmentally friendly products.
Additionally, GAC actively encourages its subsidiaries to engage in regional environmental initiatives, including tree planting, water source protection, and environmental awareness. The company promotes collaboration with local governments and community-based environmental organizations to conduct diverse environmental protection activities, fostering widespread advocacy for green and low-carbon practices. The company's focus on green production and its commitment to environmental management indicate its dedication to reducing its environmental impact.
In conclusion, Guangzhou Automobile Group (GAC) is committed to environmental sustainability, emphasizing carbon emission reduction. The company actively pursues "carbon peaking and carbon neutrality," backed by detailed plans for energy conservation. Through targeted goals in key domains and regional environmental initiatives, GAC strategically advances its commitment to a sustainable future.
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