GlobalData offers a comprehensive analysis of Autohome, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Autohome’s ESG performance. GlobalData’s company profile on Autohome offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Autohome, a Chinese online automobile platform, has set a target to achieve carbon neutrality in its operations by 2030. Autohome's latest filings mentioned the keywords 'Carbon' and 'Emissions' most number of times in relation to 'Net Zero'.
The company has taken several steps to reduce its carbon emissions, including arranging cleaners to assist employees in sorting garbage, popularizing garbage types among all employees, and increasing the ratio of alternative fuel vehicles to 50% by 2026. Autohome has also formulated internal system documents to carry out several environmental protection measures in all office areas, including energy conservation, water conservation, waste management, and paperless office.
According to Autohome's 2022 Environmental, Social and Governance (ESG) Report, the company's greenhouse gas emissions data is presented in carbon dioxide equivalent and is based on the Baseline Emission Factors for Regional Power Grids in China. In 2021, the company reported its direct emissions (Scope 1) of 852.59 tonnes of CO2 equivalent, accounting for 4.04% of total emissions. The company also reported its indirect emissions Scope 2 of 1,367.73 tonnes of CO2 equivalent, accounting for 6.48% of total emissions. Moreover, the company's Scope 3 GHG emissions were 18,879.37 tons of CO2 equivalent, accounting for 89.48% of total emissions. The inventory of greenhouse gases includes carbon dioxide, methane, and nitrous oxide, which are mainly generated from purchased electricity and fuels. The main gas emissions of the company are greenhouse gases derived from refrigerant leaks, natural gas, fuel consumption of official cars, and the use of purchased electricity.
Autohome has vigorously advocated for a green and low-carbon lifestyle among employees, through extensive publicity on potential dangers arising from energy and environmental problems. The company regards energy conservation and environmental protection awareness education as an important part of corporate social responsibility. Autohome hopes to advance efficient trade and circulation through the national battery traceability platform and compliant recycling of waste batteries by promoting the systematic construction of a recycling and trading system for waste power batteries, thus further accelerating the sustainable development of the new energy vehicle industry.
In conclusion, the company's total GHG emissions were 21,099.69 tonnes of CO2 equivalent in 2021. Further, Autohome is taking actions across the whole industry chain throughout the whole life cycle, and promote green and low-carbon manufacturing, thus further improving the emission reduction capacity of the automotive industry. The company will explore green power trading and renewable energy business models in due course, call on all employees to participate in carbon reduction, increase of carbon sinks, and ecological protection activities, and gradually reduce the carbon emission intensity per unit of output value, to pursue green and low-carbon goals with concrete actions.