General Motors

"General Motors Company has set a net zero target to become carbon neutral in its global products and operations by 2040. Net Zero Tracker
This includes an interim target of reducing emissions by 72.0% relative to 2018 emissions by 2035. Net Zero Tracker
An interesting fact about their environmental policy is that they have a 1.5 C Science Based Target on scope 1&2 emissions. Net Zero Tracker
They also plan to invest in carbon credits or offsets to achieve carbon neutrality, recognizing that offsets must be used sparingly and reflect a holistic view of mitigating climate change effects. Net Zero …"

Current Score (vs. LY)

52.3 pts (-5.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #62

S&P100: #43

Consumer Discretionary: #6

88.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

52.1%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

16.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 1,252,9061,214,1241,589,700
Scope 2 - location-based 2,881,7673,087,8164,381,970
Scope 2 - market-based 2,150,6942,599,8223,721,875
Scope 1-2 - location-based 4,134,6734,301,9405,971,670
Scope 1-2 - market-based 3,403,600 3,813,946 5,311,575
Scope 3 233,167,875296,411,327249,313,396
Total - location-based 237,302,548300,713,267255,285,066
Total - market-based 236,571,475 300,225,273 254,302,568

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 291,970,181236,571,475
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

General Motors belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 31.0 2010 2030
S1S2MKT 72.0 2018 2035

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2040

Science-based Targets (SBTI)

Date Published / Updated :01/05/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C/Well-below 2°C by 2035 No target Yes
General Motors is a member of the Business Ambition for 1.5 campaign (link here )

General Motors commits to reduce absolute scope 1 and 2 GHG emissions 72% by 2035 from a 2018 base year*. General Motors Company commits to reduce scope 3 GHG emissions from use of sold products of light duty vehicles 51% per vehicle kilometer by 2035 from a 2018 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks. Auto manufacturers have two near-term target temperature alignments for 1) scope 1 and 2 emissions and 2) scope 3 category 11 emissions from use of sold products.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for General Motors Company by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) No

Additional notes: We are committed to meeting our two bold goals of carbon neutral in products and operations by 2040 and eliminating tailpipe emissions in new light-duty vehicles by 2035. We recognize we cannot achieve these bold goals alone, and other outside factors may result in remaining carbon emissions. We will assess this, and invest in carbon credits or offsets to achieve carbon neutrality in the coming years. We recognize that offsets must be used sparingly and should reflect a holistic view of mitigating the effects of climate change and helping people thrive around the world. https://www.gmsustainability.com/_pdf/resources-and-downloads/GM_2020_SR.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 26.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 7.5 10.0 0.0
Commitments 20.833333333333336 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 0.0 10.0 -5.0
Results 5.0 30.0 -5.0
Total 52.3 100.0 -5.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 10.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -2.8
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 7.5 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 17.1
Actual (in %): 44.9
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 3.3°C 0.0 / 10.0 5.0 -5.0 0.0
Total 52.3 / 100.0 57.3 -5.0 55.8


Available Data Sources

Reporting Year 2022 2021 2021 2021 2021 2020 2020 2020 2020 2020 2020 2019 2019 2019 2019
Source Wikirate (NV) NZPDU Public Yourstake Wikirate (NV) Public Wikirate (NV) CDP NZPDU Public Yourstake CDP NZPDU Public Wikirate (NV)
Publication Year 2023 2022 2022 unknown 2022 2022 2022 2021 2021 2021 unknown 2020 2020 2021 2022
Scope 1 1,466,452 1,252,906 1,252,906 1,252,906 1,252,906 1,214,124 1,214,124 1,214,124 1,214,124 1,258,148 NA 1,589,700 1,589,700 1,589,700 1,589,700
Scope 2 - location-based 2,996,074 2,881,767 2,881,767 2,881,767 2,881,767 3,087,816 3,087,816 3,087,816 3,087,816 3,087,816 NA 4,381,970 4,381,970 4,381,970 4,381,970
Scope 2 - market-based NA 2,150,694 2,150,694 2,150,694 NA 2,599,822 NA 2,599,822 2,599,822 2,601,565 NA 3,721,875 3,721,875 3,721,875 NA
Scope 1-2 - location-based 4,462,526 4,134,673 4,134,673 4,134,673 4,134,673 4,301,940 4,301,940 4,301,940 4,301,940 4,345,964 0 5,971,670 5,971,670 5,971,670 5,971,670
Scope 1-2 - market-based NA 3,403,600 3,403,600 3,403,600 NA 3,813,946 NA 3,813,946 3,813,946 3,859,713 NA 5,311,575 5,311,575 5,311,575 NA
Scope 3 545,445,208 233,167,875 0 0 0 296,411,327 296,411,327 254,440,148 254,440,148 0 296,411,327 249,313,396 249,313,396 250,996,206 249,384,317
Total - location-based 549,907,734 237,302,548 4,134,673 4,134,673 4,134,673 300,713,267 300,713,267 258,742,088 258,742,088 4,345,964 296,411,327 255,285,066 255,285,066 256,967,876 255,355,987
Total - market-based NA 236,571,475 3,403,600 3,403,600 NA 300,225,273 NA 257,931,691 257,931,691 3,859,713 NA 254,302,568 254,302,568 256,307,781 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog