BYD CSR: a brief overview

By John Dudovskiy
February 18, 2024

In today’s socially conscious world, consumers increasingly associate their purchases with values. BYD’s commitment to environmental sustainability, ethical labour practices, and community engagement resonates with eco-conscious buyers, fostering trust and brand loyalty. This translates to positive word-of-mouth, enhanced brand image, and ultimately, increased sales. BYD received a range of accolades for its CSR efforts such as such as the Zayed Sustainability Prize, the UN Powering the Future We Want Energy Grant, and featuring on Fortune magazine’s “Companies that Change the World” list.[1]

 

BYD CSR

CSR Organization of BYD

BYD Supporting Local Communities

  • BYD Charity Foundation donated a total of RMB240 million to charities in 2022 alone
  • The company contributed over RMB59.1 million worth of epidemic prevention and control fundings and supplies in 2022 and donated RMB5 million to Luding County, Sichuan Province for emergency relief and post-disaste

 

Waste Reduction and Recycling by BYD

  • The electric automaker has gradually replaced the cartons, wooden packaging boxes and iron frames used in the transportation of battery pack products with the recyclable blister box with a service life cycle of more than 3 years and an annual recycling cycle of over 900 times, greatly reducing resource consumption

 

Carbon Emissions by BYD

  • In 2022, BYD was the first manufacturer in the world suspended the production of fuel-engine vehicle and build the first zero-carbon headquarters of automobile brand in China[2]
  • The EV giant has established a green traffic system by popularizing EVs to control pollution and launching the SkyShuttle to relieve traffic jam
  • The company claims that until October 11, 2022, it has avoided the emission of  14,672,117,797 kg of carbon.[3]

 

BYD and Sustainable Sourcing 

  • Suppliers are required to ensure that they do not use any form of forced labour, bonded labour (including debt mortgage) or indentured labour. They shall not use child labour at any stage of the business process.

 

BYD other CSR Initiatives and Charitable Donations

  • Charitable and other donations made by the Group during the year ended 31 December 2022 amounted to RMB71,045,000 (2021. RMB47,552,000).[4]
  • The electric car maker spent RMB17 million to continuously support school aid, scholarships, improvement of educational facilities and etc.

BYD Company Limited Report contains a full analysis of BYD corporate social responsibility including BYD CSR issues. The report illustrates the application of the major analytical strategic frameworks in business studies such as SWOT, PESTEL, Porter’s Five Forces, Value Chain analysis, Ansoff Matrix and McKinsey 7S Model on BYD. Moreover, the report contains analyses of BYD leadership, business strategy, organizational structure and organizational culture. The report also comprises discussions of BYD marketing strategy and its ecosystem.

 

[1] CSR Report (2022) BYD

[2] CSR Report (2022) BYD

[3] About BYD (2024) BYD Company Limited, Available at: https://www.byd.com/us/about-byd

[4] Annual Report (2022) BYD Company Limited

Category: Corporate Social Responsibility
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