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SAIC Motor (上海汽车集团股份有限公司|上汽集团)

Known for Maxus, Roewe, MG Motor

SAIC Motor (SAIC) is an auto manufacturer headquartered in Shanghai, China. It is publicly listed with the majority of shares owned by the government of China. In 2019 it had US$122.1 billion in revenue and sales of over 6 million vehicles. Nearly all of SAIC’s sales occur in China, though the company does sell very small volumes in South and South East Asia, Europe and Oceania.

Summary

SAIC Motor Corporation has a performance score of 9.9 out of 20 against a well below 2-degree pathway. This score is higher than SAIC’s 2019 score of 7.0, when it was assessed against the less ambitious 2-degree pathway.

Since the end of the previous assessment, SAIC’s low-carbon vehicle share of sales has grown from 0.9 percent in 2017 to 3 percent in 2019. Though a positive improvement, this rate of increase is still not in line with the company’s well below 2-degree pathway, which required a low-carbon vehicle share of 5.7 percent in 2019. Some positive improvements to SAIC’s governance approach were found in this assessment. For example, the company has successfully built an environmental protection leadership team at the board level. SAIC’s public support of policies in China, including the national fuel consumption target for passenger cars of 4 litres per 100 kilometres by 2025 (compared with 6 litres per 100 kilometres in 2019) and the industrial green development plan, were found in this assessment, resulting in improved performance in policy engagement.

Total score: 9.9/20
Assessment Note: SAIC 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	2.4 / 2.4	#1
Sold product performance	5.2 / 7	#7
Management	0.4 / 2.2	#18
Supplier	0.0 / 1.2	#23
Client	0.3 / 0.8	#14
Policy Engagement	0.7 / 1.2	#5
Business Model	0.9 / 1.8	#3

Despite the improvements mentioned, SAIC’s climate governance continues to show an absence of transparency and commitment. An integrated low-carbon transition plan that is publicly available and with clear scope for the entire group is still absent. SAIC has stated its intention to reduce emissions per vehicle produced, however no quantified measurement or timeline is given for this. Moreover, the company has not set any targets to increase the sales of low-carbon vehicles.

SAIC has begun to engage its employees on low-carbon management issues, but this is not a financially incentivised activity. Expanding engagement on low-carbon issues to cover its suppliers would demonstrate SAIC’S commitment to cascading change throughout the value change and reducing the overall emissions footprint of the vehicles it produces.

See results for

2019

More about the company

Headquarters: China
Ownership structure: Publicly listed with majority owned by the Chinese government
Revenue (2019): US$122.1 billion
Number of vehicles sold (2019): 6,083,327
Website: https://www.saicmotor.com/english/