EV MakerHKEX: 1211

BYD

52Mixed / Improving

Shenzhen, ChinaFounded 19950 followers

www.byd.com

Chinese EV and battery manufacturer — the world's largest NEV seller — producing only battery-electric and plug-in hybrid vehicles after halting pure-ICE production in 2022.

Green Score

52/100
Mixed / Improving
Greenwashing risk
medium
Data confidence
high
Method
how it is calculated
Climate Impact & Solution35%82

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

BYD's core product portfolio — 4.27 million NEVs sold in 2024, cumulative 150 billion km of pure-electric mileage, and 127,000 commercial EVs — directly displaces ICE emissions at massive scale, and its vertically integrated battery technology actively reduces dependence on high-emitting minerals.

Decarbonization & Targets20%42

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

BYD has set a 50% operational carbon-intensity reduction by 2030 and whole-value-chain carbon neutrality by 2045, but these targets are not SBTi-validated, lack interim milestones covering upstream Scope 3, and the company does not yet disclose purchased-goods Scope 3 emissions — leaving the headline pledge largely unverifiable.

ESG & Operations15%34

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

BYD appointed its first CSO and tied 10% of executive pay to ESG metrics in 2024, and invested 1.41 billion RMB in waste compliance; however, Amnesty International ranked it among the worst EV makers for human-rights due diligence, its human-rights policy only appeared in July 2024, and supply-chain transparency for labour and minerals remains very poor.

Transparency & Verification15%38

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

BYD publishes annual sustainability/ESG reports aligned to GRI and Hong Kong ESG Reporting Guide and discloses Scope 1/2 data, but third-party independent assurance of those figures is limited, Scope 3 from purchased goods is omitted, and academic analysis identifies selective reporting, insufficient data support, and image-polishing over substantive environmental disclosure.

Integrity15%28

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

BYD faces a pattern of serious, independently documented labour controversies: Brazilian authorities found 163 workers in 'degrading' and 'slavery-like' conditions in December 2024, prosecutors filed suit in May 2025, Brazil added BYD to its forced-labour registry in April 2026, Human Rights Watch flagged BYD for Uyghur forced-labour risk in aluminium supply chains (with BYD refusing to respond to questions), and China Labour Watch documented similar issues at its Hungary factory — representing repeated, multi-jurisdiction harm.

Why it's on ClimateTicker

BYD is the world's largest NEV seller and a genuine force in transport decarbonisation — having halted pure-ICE production in 2022 and selling over 4.27 million battery-electric and plug-in hybrid vehicles in 2024. Its core business unambiguously displaces fossil-fuel transport, but this is substantially offset by serious, documented labour-rights controversies, weak upstream Scope 3 disclosure, and climate targets that remain unvalidated by SBTi. The company is a real climate enabler at the product level, but investors should not mistake volume and marketing ambition for institutional ESG maturity.

mitigationBYD generates revenue by designing, manufacturing, and selling battery-electric and plug-in hybrid passenger vehicles, commercial EVs (buses, trucks), and energy-storage and solar systems globally; it is vertically integrated across battery cells, packs, and vehicle assembly.

Commitments & Certifications

Controversy & Greenwashing Watch

mediumChangsha Factory Pollution — Children's Health Complaints

BYD's Changsha factory faced allegations of damaging pollution, with approximately 600 children near the factory reportedly suffering repeated nosebleeds.leadthecharge.org

highHungary Factory Forced Labour Allegations (China Labour Watch)

China Labour Watch documented alleged forced-labour conditions at BYD's Szeged, Hungary factory, citing tangled subcontracting that obscured legal responsibility, and reported a Chinese worker's death on site in February 2025.cbc.ca

highBrazil Factory 'Slavery-Like' Labour Conditions

Brazilian authorities found 163 Chinese workers in degrading conditions at BYD's Camaçari construction site in December 2024; prosecutors sued BYD for human trafficking in May 2025, and Brazil placed BYD on its official forced-labour employer registry in April 2026.en.wikipedia.org

highAmnesty International: Worst-in-Class Human Rights Due Diligence

Amnesty International ranked BYD among the worst EV manufacturers for human-rights due diligence in battery mineral supply chains, noting its human-rights policy only appeared in July 2024 with no adequate traceability or remediation systems.thefreedomhub.org

highUyghur Forced Labour Risk in Aluminium Supply Chain

Human Rights Watch identified BYD as one of five carmakers of particular concern for potential Uyghur forced-labour exposure in aluminium supply chains, and BYD refused to respond to HRW's questions about supply chain mapping.hrw.org

highUyghur Forced Labour Risk in Battery Supply Chain (NGO report)

An NGO report alleged in February 2024 that BYD is linked to Uyghur forced labour through ownership structures and strategic partnerships in battery production.business-humanrights.org

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