Changan Automobile
Changan Automobile is a publicly listed company headquartered in Chongqing, China, with 47.57% shares indirectly owned by the government of China. In 2023, it had a group revenue of USD 321 billion and produced 9,443,000 vehicles. Its revenue share from low-carbon activities increased from 1% in 2021 to 25% in 2023.
- Ranking position
- #28 /30
- Total score
- 3.1 /100
- ACT
- 3.1 /60
- Core social indicators
- 0.0 /20
- Just transition
- 0.0 /20
- Performance score
- 2.2 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
Act assessment
Trend
Changan Automobile receives a trend score of -. If the company were reassessed in the near future, its score would likely remain the same. The company has not publicly disclosed specific emissions reduction targets for any of its scope 1, 2 or 3 emissions from its manufacturing operations, purchased materials or, crucially, from the downstream emissions of its LDVs. However, it is developing low-carbon business models, such as manufacturing of electric LDVs and development of battery infrastructure, with sales and production for these scheduled to grow.
Progress towards the Paris Agreement
Changan Automobile has not set targets to reduce its scope 1, 2 and 3 emissions. However, the company has developed a low-carbon transition plan to reach a carbon peak by 2027 and carbon neutrality by 2045. The plan contains some short-term practices implemented under the scheme of its carbon-related targets. It does not describe whether the company has conducted climate change scenario analysis and how it has implemented this to inform its transition plan or business strategy. The company is yet to provide evidence of its low-carbon transition plan being aligned with a 1.5°C pathway. Changan Automobile’s revenue share from low-carbon activities increased from 1% in 2021 to 25% in 2023. However, the company did not disclose its low-carbon R&D expenditure or its low-carbon CapEX and low-carbon revenue share in 2023. In addition, the company’s disclosure of scope 1, 2 and 3 emissions data from 2020 to 2023 was insufficient to provide a meaningful assessment of its historical emissions intensity trend. The company’s lack of detailed targets, scope 1, 2 and 3 emissions data and financial low-carbon commitment compromise the credibility of its low-carbon transition plan.
Social Assessment
Core Social Assessment
More about the company
- Headquarters
- Chongqing, China
- Ownership
- Government
- Group revenue
- USD 21.4 billion (FY2023)
- Group employees
- 49,117 (FY2023)
- Vehicles sold
- 2,553,052 (FY2023)
- Website
- http://www.globalchangan.com
