GEELY AUTO(HK:00175) Zhong Guo Jing Ying Bao·2025-05-07 08:37Core Viewpoint - Geely Auto has made significant strides in its ESG (Environmental, Social, and Governance) strategy, achieving an 18% reduction in carbon emissions per vehicle lifecycle compared to the 2020 baseline and a 92% year-on-year increase in new energy vehicle sales, reaching 888,000 units in 2024 [2][3]. Group 1: ESG Performance and Goals - In 2024, Geely Auto aims to achieve a carbon reduction target of over 25% per vehicle lifecycle as part of its "Smart Geely 2025" strategy [2]. - The company has established 12 green factories and 11 zero-waste factories, becoming the only car manufacturer selected as a "zero-waste enterprise" in the first batch nationwide [2]. Group 2: Product and Technology Innovation - Geely Auto launched over ten high-value smart vehicle models in 2024, including the Galaxy E8 and Lynk & Co Z10, contributing to a nearly doubled sales figure in new energy vehicles [3]. - The company has developed several innovative technologies, such as the GEA new energy architecture and the 11-in-1 intelligent electric drive, to enhance its competitive edge in the market [3]. Group 3: Safety and Certifications - In 2024, eight Geely vehicles received five-star safety ratings from C-NCAP, and several others achieved similar ratings from E-NCAP and A-NCAP [4]. - The Zeekr 001 model received a five-star rating in the China Electric Vehicle Fire Safety Assessment, showcasing the company's commitment to safety [4]. Group 4: Sustainable Value Chain Development - Geely Auto is focusing on a collaborative decarbonization approach across manufacturing, supply, and usage, emphasizing pollution management and resource conservation [6]. - The company has achieved a photovoltaic installation capacity of 445 MW in 2024, with six manufacturing bases using 100% renewable electricity [6]. Group 5: Circular Economy Initiatives - Geely is actively developing a circular economy model, achieving significant recycling milestones, including over 1,500 tons of recycled steel and aluminum [7]. - The company has completed the refurbishment of 1,770 circular vehicles and sold over 67,000 reused and remanufactured parts in the aftermarket [7]. Group 6: ESG Governance and Compliance - In 2024, Geely increased the proportion of independent non-executive directors to 45% and linked ESG performance to executive compensation [8]. - The company has published multiple ESG policies, enhancing its commitment to environmental, data, and human rights issues [8]. Group 7: Community Engagement and Social Responsibility - Geely has conducted over 50 biodiversity awareness activities in 2024, engaging more than 5,000 participants, and has been involved in community volunteer activities for over 5,271 hours [9]. - The company emphasizes long-term value creation for stakeholders, aligning its business strategy with social and environmental goals [9].