Dongfeng Motor Group (东风汽车集团有限公司)

The company does not have a public transition plan yet. How the company plans to reduce manufacturing emissions and scale low-carbon vehicle sales is not known. It has high scope 1 and 2 emissions, so is susceptible to the impact of national climate policies and industrial carbon-related policies. The company is under pressure to reduce carbon emissions and comply with Chinese policies.

Dongfeng’s sales of ‘new energy vehicles’ have seen no significant increase. New energy vehicle sales only accounted for 1.4% of total sales in 2020, a slight increase from 0.1% in 2015. The company will need to significantly increase its new energy vehicle sales to align with its 1.5°C pathway, which expects 34% of sales to be low-carbon by 2025 and 64% by 2030. The company did launch a new luxury electric vehicle brand Voyah in 2020, which intends to bring one model of vehicle to the market every year from 2021.

Dongfeng states it has various business activities related to low-carbon transition. It also has electric commercial vehicles including light trucks and street washing and sweeping vehicles. It is also researching promoting new energy vehicles and charging station networks. It also has a Dongfeng Go car-sharing service. However, there is no evidence of how it plans to promote such vehicles or networks. The information found is limited besides general descriptions. Providing more information on the profitability and development of these business activities can enhance this company’s low-carbon performance.

The company mentions that it plans to achieve green and low-carbon development in its ESG report. However, details on emissions 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 Dongfeng intends to publish a plan in the next two years.

The company does not disclose what proportion of its research and development expenditure was dedicated to low-carbon technologies. In 2020, it launched a new high-end electric vehicle brand Voyah, which intends to release new models from 2021.

Dongfeng’s scope 3 emissions intensity decreased from 88 grammes CO2 per passenger kilometre (gCO2/p.km) in 2015 to 72 gCO2/p.km in 2020. On the other hand, the company’s scope 1 and emissions intensity are estimated to have increased from 2017, when it begun disclosing these emissions, to 2020.

The company does not have a public transition plan yet. Consequently, it is not yet known how the company plans to reduce manufacturing emissions and scale low-carbon vehicle sales.