GlobalData offers a comprehensive analysis of BYD , 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 BYD ‘s ESG performance. GlobalData’s company profile on BYD 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.
BYD, a leading Chinese electric vehicle manufacturer is committed to reducing its carbon emissions. In response to climate change and China's "3060" Dual-carbon Initiative, aiming for peak carbon emissions in 2030 and carbon neutrality in 2060, the company has formed a Carbon Emission Control Committee. It is dedicated to enhancing carbon emission control capabilities and implementing a comprehensive carbon management system to achieve neutrality within its operations.
In 2022, the company reported a substantial increase in its total greenhouse gas emissions, reaching 8,061,970 tons compared to 5,219,112 tons in 2021. It also demonstrated a commendable reduction in the intensity of greenhouse gas emissions, with a value of 0.19011 tons/RMB10,000 revenue, showcasing a commitment to environmental sustainability and efficiency in resource utilization. BYD initiated 48 significant projects focused on enhancing energy efficiency in production technology and process management. These initiatives resulted in substantial savings, amounting to 8,248 tons of standard coal, and a consequential reduction of 21,444.8 tons in CO₂ emissions.
BYD has taken several steps to reduce its emissions and achieve its net-zero targets. The company has made investments in green development and environmental protection. It has actively participated in anti-pandemic activities and carried out voluntary environmental protection actions. BYD also plans to donate RMB5 million between 2022 and 2024 to support environmental education and research in the field of new energy vehicles. Additionally, BYD is focusing on the development of new energy vehicles and innovative technologies. The company has launched highly efficient PV modules and has been recognized for its technical strength in the solar power industry. BYD aims to provide low-carbon transportation solutions and contribute to sustainable development.
In conclusion, BYD is actively working towards reducing its carbon footprint, aligning with the nation's dual-carbon goal. The company has implemented measures to decrease emissions, invested in green development, and prioritized environmental protection. Additionally, BYD is concentrating on the development of new energy vehicles and innovative technologies in its effort to mitigate climate change.