GlobalData offers a comprehensive analysis of XPeng, 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 XPeng‘s ESG performance. GlobalData’s company profile on XPeng 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.
XPeng, a leading Chinese electric vehicle manufacturer, is dedicated to reducing its GHG emissions as part of tackling climate change. The company actively explores low-carbon technologies for sustainability, aiming for carbon neutrality and fostering green development across production and operations. In 2022, the company enhanced its approach to managing climate change by establishing a dedicated Carbon Neutrality Working Group for strategic planning and daily management.
In 2022, XPeng's Total GHG emissions totaled 106,420 tCO2e. Scope 1 emissions amounted to 18,024 tCO2e, while Scope 2 emissions reached 83,654 tCO2e, and Scope 3 emissions totaled 4,742 tCO2e. The company achieved an annual power generation from solar PV amounting to 26.62 million kWh, resulting in a substantial CO2 emission reduction of 14,188 tons. This accomplishment signifies a significant contribution to the promotion of clean energy adoption. Additionally, XPeng recorded an annual charging of 322,602,875 kWh in the same year, contributing to a cumulative carbon emission reduction of approximately 577,200 tons. With an average PV consumption rate of 47%, the company realized savings in electricity costs exceeding CNY 3.77 million and concurrently achieved a reduction in CO2 emissions by 13,085.0 tons.
The company has taken steps to reduce its emissions. These steps include implementing policies to minimize its environmental impacts and natural resource use, as well as setting emission targets and taking actions to achieve them. XPeng has also made investments in emission reduction measures. The excerpts mention the use of emission factors and coefficients from recognized standards and protocols, such as ISO 14064 and the GHG protocol, to calculate its greenhouse gas emissions. The company has also disclosed the types of emissions it considers, including carbon dioxide, heptafuoropropane, methane, hydrofuorocarbons, and perfuorocarbons.
In addition to its emission reduction efforts, XPeng is actively involved in social and community initiatives. The company's foundation organizes various activities such as clean beach campaigns and low-carbon education workshops to support vulnerable groups and raise awareness about environmental issues.
In conclusion, XPeng is committed to building a green value chain and addressing climate change through its emission reduction plans. The company has made investments in emission reduction measures and taken steps to minimize its environmental impacts by exploring low-carbon technologies for sustainability and promoting green development.