BMW Named Automotive Trade Chief In Dow Jones Sustainability Indices — Significantly
Printed on November 25th, 2020 |
by Zachary Shahan
November 25th, 2020 by Zachary Shahan
Was I conscious of the Dow Jones Sustainability Indices earlier than this week? Most undoubtedly. Had I forgotten all about it? Actually. Would I’ve guessed in my wildest desires that BMW could be named the auto trade chief of the Dow Jones Sustainability Indices World and Europe (DJSI) in 2020? Undoubtedly not, however that’s what simply occurred.
Naturally, my foremost concern with BMW successful the title is that it sells quite a lot of gasoline and diesel vehicles. Additionally, fairly than make a fast change to full electrics, it’s pursuing what I take into account to be a brilliant lame small-battery plug-in hybrid method to cleansing up its fleet that’s dirtier than it even appears on the floor. However, hey, the corporate received 1st place someway, so let’s take a look on the good facet.
The corporate does use quite a lot of renewable vitality, and is chopping vitality use in its factories. It scored 80 out of 100 points within the score, which is revealed by the S&P Dow Jones Indices. BMW Group writes that it’s “the one car producer to be constantly named among the many trade leaders because the Dow Jones Sustainability Indices had been created.” It beat 38 different automotive corporations to win in 2020. “The results showed that the BMW Group has improved in all three areas of evaluation (Governance & Economic, Environmental, Social dimensions).”
BMW Group notes that it has:
- minimize vitality use per car produced by 40% since 2006
- minimize CO2 emissions by 70% since 2006
- switched to 100% renewable electrical energy in any respect manufacturing amenities
- minimize CO2 emissions from autos offered in Europe by ~42% between 1995 and 2019.
Moreover, “the company has systematically built high environmental and social standards into its supply chain management and is a leader in this field,” BMW Group writes.
“The corporate is setting itself clear targets for CO2 discount as much as 2030. What’s new is that these objectives lengthen for the primary time all through the complete lifecycle: from the provision chain by manufacturing to the top of the use part. The purpose is to cut back CO2 emissions per car by not less than one third general. For the fleet of over 2.5 million autos produced by the BMW Group in 2019, this might correspond to a discount of greater than 40 million tonnes of CO2 all through their lifecycle by 2030.
“The BMW Group is now seeking to reduce its emissions from production (Scope 1+2) by a further 80 percent from 2019 levels by 2030. CO2 emissions will then be less than 10 percent of what they were in 2006.”
Not too unhealthy. I assume that might win you the gold medal. However there’s extra!
“The purpose is to cut back CO2 emissions from BMW Group autos by 40 p.c per kilometre pushed by 2030. This might be achieved by large enlargement of e-mobility. In ten years, there must be a complete of greater than seven million electrified BMW Group autos on the roads – round two thirds of them with a fully-electric drive practice.
“The BMW Group will also reduce its supply chain CO2 emissions per vehicle by 20 percent from 2019 levels. A supplier’s carbon footprint will be established as a decision criterion in the contract award processes going forward. The company leads the way as the first automobile manufacturer to set concrete CO2 targets for its supply chain.”
Sounds good! Although, I nonetheless suppose extra weight must be placed on fleet electrification.
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Market information on CNN.