Ranking
Comparison
Total Score
Environment
Human Rights
Summary
For the third year running, Geely achieved one of the largest score increases in the Leaderboard, this year tied with BYD and Renault as the strongest overall improvers. This caused Geely to move up three places in the overall Leaderboard ranking, from 11th to 8th place. Geely is the first Chinese automaker to make the top 10 best-performing companies in the Leaderboard, and is now the top scoring East Asian automaker overall, laying down the challenge for its peers to catch up. The company is now also ahead of GM and Stellantis by a considerable margin.
In the Climate and Environment section, Geely made notable progress on battery circularity, where the company improved its score against all the indicators evaluating performance in this area. Geely is now also one of the few companies to disclose the quantity of low-carbon steel and aluminum used in specific vehicle models, although the company still trails behind many competitors on steel and aluminum decarbonization more broadly.
Geely improved its performance in all Human Rights fields, with the exception of Indigenous Peoples’ Rights. This has enabled the company to move up from 12th to 11th position in the human rights ranking. The company achieved particularly high rates of improvement in the General and Workers’ Rights in the Supply Chain subsections. In the General subsection, Geely has now improved its performance by a commendable 34 percentage points in just two years. Much of this progress is due to growing levels of transparency, often far outpacing some of its peers.
Despite these notable advancements, Geely’s total score on human rights is 24%, leaving ample room for continued rapid improvement.
Key Findings
- Has published new policies that specified the company’s commitments and requirements for suppliers on deforestation and raw material supply chain sustainability.
- Has set carbon emissions reduction targets at Group Level and for specific subsidiaries/brands with detailed timelines. Has also established a commitment to reduce carbon emissions in new energy vehicle power batteries by 25% by 2025, but lacks equivalent targets for steel and aluminum supply chain decarbonization.
- Published a new Sustainable Raw Materials Policy that applies to high risk critical raw materials, including but going beyond conflict minerals. However, unlike other automakers, the company does not disclose information on its human rights and environmental due diligence efforts at the level of individual raw materials.
- One of the top-performing companies against the battery circularity indicators due to disclosing a detailed strategy and progress reporting on battery circularity and lifecycle emissions management, both at the company level (including strategies for Battery R&D, procurement, usage, recycling, production, scrap, and dismantling and recycling) and at the level of its battery subsidiary VREMT
- Has a new Human Rights Policy Statement where the company commits to respecting human rights and labour rights.
- Has a strong human rights risk identification and assessment process which extends beyond Tier 1, and now names the salient human rights risks identified. Is also the only company to disclose data about potential new suppliers assessed against their human rights risk screening process and to publish the results of these assessments.
- One of only four automakers to consult with suppliers’ employees and worker representatives on the company’s final list of salient human rights issues.
Score Breakdown
Fossil-Free & Environmentally Sustainable Supply Chains
General
Steel
Aluminum
Batteries
Compare by year
Human Rights & Responsible Resourcing
General
Minerals
Indigenous' Rights
Workers' Rights
Compare by year
Supply Chain News & Progress
Latest on Geely
Supply chain transformation is a risk management imperative and opportunity for a competitive edge. Leading brands are already securing a first-mover advantage and leveraging their power to transform legacy supply chains into a force for good. The revolution is underway.
Geely & Volvo-owned Polestar sets goal to produce climate-neutral car by 2030
Geely, together with Volvo, own a majority stake in the carmaker Polestar which has set an ambitious target of producing a completely climate neutral production car that fully eliminates greenhouse gases from production by 2030. Polestar has also partnered with Circulor to use blockchain technology to track a wide range of raw materials and achieve more sustainable supply chains. With the new partnership, Polestar and Circulor have set a progressive scope and ambition that aims to entail a range of raw materials, focusing on those with identified risks in either environmental and/or human rights, such as nickel, mica, manganese, graphite and lithium, amongst others.
Our Vision
01 — Equitably
Respecting and advancing the rights of Indigenous Peoples, workers, and local communities throughout the supply chain.
02 — Sustainably
Preserving and restoring environmental health and biodiversity across supply chains, while reducing primary resource demand through efficient resource use and increased recycled content.
03 — Fossil-free
100% electric and made with a fossil fuel-free supply chain.
