China FAW Group (中国第一汽车集团有限公司)

FAW significantly reduced its scope 1 and 2 emissions intensity from 2015 to 2020. FAW decreased their scope 1 and 2 emission from 6505347 tons CO2 in 2015 to 4392200 tons CO2 in 2020. This reduction was aligned with the company’s 1.5°C pathway.

FAW increased its new energy vehicle sales at the rate required by its 1.5°C pathway between 2017 and 2020. In 2018, its new energy vehicle sales accounted for 0.6% of total sales, increasing to 2.4% by 2020. The company will need to continue to increase its new energy vehicle sales to meet its 1.5°C pathway, which expects 64.5% of sales to be low-carbon by 2030.

FAW has disclosed its scope 1 and 2 emissions since 2015, but the company has not yet set a target to reduce these emissions.

FAW mentions that it plans to achieve low-carbon development in its CSR report. It discloses energy and emission data yearly. However, details on emission reduction targets and low carbon vehicle development plans are not specified.

The company does not disclose a low-carbon transition plan or discuss plans to shift to a lower carbon product portfolio. It is unclear whether FAW intends to publish one in the next two years.

In 2020, only 2.4% of FAW’s sales were new energy vehicles. The company did not disclose what proportion of its research and development (R&D) expenditure was dedicated to low-carbon technologies.

FAW’s scope 3 emissions intensity decreased from 86.5 grammes CO2 per passenger kilometre (gCO2/p.km) in 2015 to 73.9 gCO2/p.km in 2020. It has disclosed scope 1 and 2 emissions since 2015. The reported scope 1 and 2 emissions intensity decreased and is aligned with the 1.5°C pathway.

The reported scope 1 and 2 emissions demonstrate a reduced emission intensity which is aligned with the company’s 1.5 °C pathway. However, the recent trend in new energy vehicle sales shares is not aligned with the company’s 1.5°C pathway.