GlobalData offers a comprehensive analysis of CIMC Vehicles 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 CIMC Vehicles Group‘s ESG performance. GlobalData’s company profile on CIMC Vehicles 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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CIMC Vehicles Group, a leading manufacturer of vehicles, is committed to reducing its carbon emissions. Recognizing climate change and carbon emissions as prominent global environmental concerns, the company is steadfastly committed to mitigating its carbon footprint and minimizing resource consumption. This commitment aligns with the broader goals of advancing climate missions and fostering low-carbon development.

In 2022, the Group's overall greenhouse gas emissions amounted to 158,126.99 tCO2e, and the emission intensity was 669.46 tons per RMB100 million of revenue. Compared to the previous year, CIMC Vehicles Group has made significant progress in reducing its emissions. The Scope 1 (Direct) greenhouse gas emissions amounted to 27,903.14 tCO2e, accompanied by 130,205.18 tCO2e of Scope 2 (Indirect) greenhouse gas emissions. Impressively, there has been an overall reduction of 15.46% in total greenhouse gas emissions, attributed to a 23.52% decrease in Scope 1 emissions and a 13.52% reduction in Scope 2 emissions.

CIMC Vehicles Group has implemented measures to improve the efficient use of resources, including energy, water, and raw materials. It has also set reduction targets for hazardous and non-hazardous waste and taken steps to achieve them. Additionally, CIMC Vehicles Group has invested in the development of low-carbon and environmentally friendly vehicles, such as hydrogen energy refrigerated trailers and electric waste dump trucks. These vehicles contribute to reducing carbon emissions and promoting sustainable transportation solutions.

In conclusion, CIMC Vehicles Group is actively working towards reducing carbon footprint and has made significant progress in reducing its carbon and greenhouse gas emissions. Through investments in low-carbon vehicles and resource efficiency, CIMC Vehicles Group is actively contributing to the "Dual Carbon" planning and the transition to a more sustainable future.

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