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Dongfeng Motor Group (东风汽车集团有限公司)

Dongfeng Motor Group is a publicly listed auto manufacturer headquartered in China. In 2019 it had US$14.6 billion in revenue and sales of 3 million vehicles. The vast majority of Dongfeng’s sales are in China. It also sells small numbers of vehicles in South East Asia and South America.

Summary

Dongfeng Motor Group (Dongfeng) has a performance score of 5.8 out of 20 against a well below 2-degree pathway. This is higher than the 2019 assessment, which looked at a subsidiary, Dongfeng Automobile Co., Ltd. The subsidiary achieved a performance score of 5.3 against the less ambitious 2-degree pathway. In 2020, Dongfeng Motor Group (Dongfeng) was assessed to include all auto manufacturing elements of the corporate group.

Out of all the companies assessed, Dongfeng remains amongst the lowest performing. The company still lacks many crucial climate governance aspects such as: forward looking KPIs, scenario planning, and has yet to set any emissions reduction targets.

However, some evidence of improvements to Dongfeng’s low-carbon performance was found. Positively, Dongfeng has now established board-level oversight for climate related issues. Looking at their ‘locked-in’ emissions – estimated future cumulative in-use emissions from projections of the company’s sales – perform better in this assessment. This is due to a sharp decrease in its emissions in the reporting year. Dongfeng has continued to make gains in the efficiency of its internal combustion engine vehicles, remaining at maximum alignment on this indicator.

Assessment Note: Dongfeng Automobile Co., Ltd (a subsidiary of Dongfeng Motor Group) received a full ACT assessment in 2019.

Performance module name	Performance module score	Rank (0-30)
Targets	0.0 /3	#19
Material Investment	0.0 /0.4	#12
Intangible Investment	0.0 /2.4	#23
Sold product performance	4.6 /7	#8
Management	0.3 /2.2	#21
Supplier	0.3 /1.2	#10
Client	0.0 /0.8	#15
Policy Engagement	0.6 /1.2	#6
Business Model	0.0 /1.8	#27

Dongfeng’s sales of battery electric vehicles grew from 760 in 2014 to over 50,000 in 2019. This is a significant growth in absolute terms, however when considered against the proportion of total sales, this equates to just 1.8 percent of 2019 sales. This figure is significantly worse than many of Dongfeng’s peers in China, most of whom have capitalised on government subsidies and the emerging market for new energy vehicles in the region. For example, BYD – first assessed with ACT in 2020 – achieved a low-carbon vehicle share of 48 percent in 2019. Dongfeng should urgently set forward-looking KPIs in a low-carbon transition plan and set emission reduction targets to improve its alignment with a low-carbon future.

See results for

2019
2021

More about the company

Headquarters: China
Ownership structure: Publicly listed
Revenue (2019): US$14.6 billion
Number of vehicles sold (2019): 3,063,386
Website: http://www.dongfeng-global.com/