SAIC Motor
SAIC Motor is a publicly listed automobile manufacturer headquartered in Shanghai, China. In 2023, it had a group revenue of USD 105 billion and sold a total of 5,020,865 vehicles. SAIC is amongst the world's top five electric vehicle (EV) automotive groups, with 149,290 all-electric vehicles registered as of 2024.
- Ranking position
- #27 /30
- Total score
- 3.4 /100
- ACT
- 2.3 /60
- Core social indicators
- 0.5 /20
- Just transition
- 0.6 /20
- Performance score
- 1.6 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
Act assessment
Trend
SAIC Motor receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company does not have a robust transition plan for the future. To demonstrate commitment to the low-carbon transition, the company should set long-term as well as regularly spaced intermediate targets aligned with its 1.5°C pathway. The company should also significantly improve its data disclosure and increase reporting transparency.
Progress towards the Paris Agreement
SAIC Motor states that it is committed to peaking its scope 1 and 2 emissions by 2025 and to achieving a low-carbon transition. The company also mentions a three-year action plan to accelerate the implementation and adoption of new energy vehicles (NEVs). However, it does not specify further details, such as emissions reduction targets. While SAIC Motor has developed a transition plan, it lacks major components, such as intermediate and long-term targets to reduce scope 1, 2 and 3 GHG emissions, a climate scenario analysis and financial commitments. In 2023, SAIC Motor sold more than 5 million vehicles. However, the company does not distinguish battery electric vehicles (BEVs) from NEVs, and its sales share of low-carbon vehicles is unknown. The company invested USD 2.6 billion in R&D and USD 2.7 in CapEx in 2023. However, its share of low-carbon R&D and CapEx is not disclosed. The emissions data disclosed by the company is insufficient to provide a meaningful assessment of its historic emissions intensity trend. Overall, the company’s lack of targets, financial commitments and emissions intensity data, all suggest the company is not fully committed to the low-carbon transition.
Social Assessment
Core Social Assessment
More about the company
- Headquarters
- Shanghai, China
- Ownership
- Publicly-listed
- Group revenue
- USD 105.2 billion (FY2023)
- Group employees
- 207,001 (FY2023)
- Vehicles sold
- 5,020,865 (FY2023)
- Website
- https://www.saicmotor.com
