SAIC Motor

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

SAIC Motor should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 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. SAIC Motor only discloses its scope 1 and 2 emissions for the reporting year. The company should expand its emissions reporting to allow for a meaningful assessment of its historic emissions intensity trend.

SAIC Motor has developed a low-carbon transition plan. However, this plan lacks significant components, including detailed intermediate and long-term targets to reduce scope 1, 2 and 3 emissions. The company has not conducted a climate scenario analysis to inform its transition plan and ensure its aligns with a 1.5°C pathway. Although the company states implementing board-level oversight of climate change, there is no evidence that its board has adequate climate expertise. A lack of expertise at board or equivalent level could be a barrier to the successful management of the company’s low-carbon transition. The company also does not incentivise low-carbon performance through executive compensation. The company can improve the likelihood of a successful low-carbon transition by setting clear decarbonisation commitments and aligning its incentives with these commitments.

Although SAIC Motor has low-carbon activities, the company’s public information and reporting is lacking. The company’s shares of low-carbon capital expenditure (CapEx) and low-carbon research and development (R&D) spending are unknown. SAIC Motor also does not disclose any emissions or financial data, nor the share of low-carbon vehicles sold and its corresponding low-carbon revenue. Consequently, it is unknown if emissions from the company’s sold vehicles in the next five years are expected to stay within its 1.5°C carbon budget.

The company has established an education and training mechanism to build capacity for and educate suppliers on emissions reduction. However, no evidence was found to suggest the company’s supplier engagement strategy covers greenhouse gas (GHG) emissions reductions. The company does not disclose the scope of its recent supplier engagement. The company should set clear requirements and scale up its supplier strategy to a company-wide level, demonstrating its commitment to decarbonising the entire production life cycle. It should also set out a clear strategy to promote its low-carbon solutions to clients. This could include providing financial incentives, such as discounts, or conducting marketing campaigns. No evidence was found to indicate that SAIC Motor opposes climate-aligned policies. However, the company can increase its credibility by publicly publishing and demonstrating its support for climate policies, such as the Paris Agreement.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning. 

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s actions to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. The company discloses the actions it takes to provide training and education opportunities for workers and affected stakeholders. For instance, it has established two career development paths: the management and professional paths, through which it provides customised training. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found of the company having a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to reskill or upskill.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.  No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers. 

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.  

The company discloses two indicators of workforce diversity: the age and gender of its workforce by employee category. However, no relevant disclosure was found of additional indicators of workforce diversity. No other evidence of the company’s policies or commitments related to key decent work issues was found in the public domain. These issues include the provision of safe, secure and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

No policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.