Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
BYD Company Limited
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== ESG Factors == === Environmental Factors: === Carbon Footprint and Climate Change: BYD has committed to being carbon neutral by increasing resources spent on carbon-neutral development and hopes to achieve carbon neutrality in its entire value chain<ref>[https://www.just-auto.com/data-insights/byd-net-zero-targets/ BYD Sets Net-Zero Target and Takes Steps to Reduce Emissions (just-auto.com)]</ref>. The company is investing in renewable energy projects, manufacturing energy-efficient vehicles, and developing new battery technologies. BYD continues to be one of the few automakers in China consistently meeting the yearly fuel consumption targets set by the government.<ref>[https://www.greenpeace.org/eastasia/press/7793/despite-beijings-net-zero-pledge-and-byds-success-chinas-big-carmakers-delay-decarbonization/ Despite Beijing’s net zero pledge and BYD’s success, China’s big carmakers delay decarbonization - Greenpeace East Asia]</ref> Waste Reduction and Recycling: BYD is working towards reducing waste and increasing recycling rates. It has introduced initiatives like the BYD Zero Waste program, which aims to achieve zero waste in its manufacturing facilities, and the BYD Battery Recycling program, which recycles used batteries from its electric vehicles. Sustainable Supply Chain: BYD aims to promote sustainability throughout its supply chain by encouraging suppliers to adopt environmentally responsible practices. The company focuses on responsible sourcing, reducing packaging waste, and optimizing transportation to minimize environmental impact. === Social Factors: === Workforce Development: BYD is committed to creating a diverse, inclusive, and safe work environment for its employees. The company invests in workforce development programs, training initiatives, and career advancement opportunities. Labour Practices: BYD has been praised for its labor practices, which are considered to be some of the best in the industry. The company provides its employees with competitive wages, benefits, and opportunities for advancement. Community Engagement: BYD supports local communities through various initiatives, including philanthropy, job creation, and infrastructure development. The company also engages in disaster relief efforts and supports educational programs in underserved communities. In 2020, BYD spent 21.0 Million RMB on charity expenses.<ref>[https://www.bydglobal.com/sitesresources/common/tools/generic/web/viewer.html?file=%2Fsites%2FSatellite%2FBYD%20PDF%20Viewer%3Fblobcol%3Durldata%26blobheader%3Dapplication%252Fpdf%26blobkey%3Did%26blobtable%3DMungoBlobs%26blobwhere%3D1600575179575%26ssbinary%3Dtrue 2020 CSR Report]</ref> === Governance Factors: === Board Structure and Independence: BYD's board is composed of directors with diverse backgrounds and expertise. The company emphasizes the importance of independent directors and maintains a strong governance structure. Transparency and Reporting: BYD publishes an annual sustainability report that provides detailed information on its ESG initiatives, progress, and challenges. The company strives to maintain transparency in its reporting and regularly engages with stakeholders. In 2020, the Group provided 651 class hours of anti-corruption and self-discipline training sessions.<ref>2020 CSR Report</ref> Data Privacy and Security: BYD is committed to protecting customer data and complying with relevant regulations. The company has a robust data privacy and security program in place. BYD has made significant strides in addressing environmental, social, and governance challenges. The company has a strong commitment to reducing its carbon footprint, promoting workforce development, engaging with communities, and maintaining strong governance practices. However, there are still areas where BYD can improve, such as increasing its disclosure of ESG data and strengthening its data privacy and security practices. By continuing to prioritize ESG factors and implementing sustainable practices, BYD can further strengthen its position as a responsible corporate citizen and contribute to a more sustainable and inclusive future.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)