JAC Motors
JAC Motors is a publicly listed company headquartered in Hefei, China. In 2023, it had a group revenue of USD 6.4 billion and produced 357,051 light-duty vehicles. The company's share of low-carbon vehicles has increased from 21% in 2019 to 52% of total vehicles sold in 2023.
- Ranking position
- #25 /30
- Total score
- 3.9 /100
- ACT
- 3.9 /60
- Core social indicators
- 0.0 /20
- Just transition
- 0.0 /20
- Performance score
- 2.8 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
Act assessment
Trend
JAC Motors receives a trend score -. If the company were reassessed in the near future, its score would likely decrease due to its lack of disclosure regarding emissions reduction targets and current and future CapEx and R&D in low-carbon or climate mitigation technologies.
Progress towards the Paris Agreement
JAC Motors does not publicly disclose a low-carbon transition plan, nor has it set any target to reduce its carbon emissions. The company should develop a long-term target that aligns with the 1.5°C pathway and covers its scope 1, 2 and 3 carbon emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on its longer-term decarbonisation goals. It is also unclear how JAC Motors plans to engage with its suppliers and clients to influence them to reduce emissions. JAC Motors does not disclose its R&D expenditure nor what percentage is dedicated to low-carbon technologies. However, it has shown a substantial improvement in the share of low-carbon vehicle sales in past three years. JAC Motors’ lack of targets, strategy, financial data and emissions intensity data, all suggest that the company is not yet fully committed to the low-carbon transition.
Social Assessment
Core Social Assessment
More about the company
- Headquarters
- Hefei, China
- Ownership
- Publicly-listed
- Group revenue
- USD 6.4 billion (FY2023)
- Group employees
- 23,064 (FY2023)
- Vehicles sold
- 357,051 (FY2023)
- Website
- https://www.jac.com.cn
