BMW Group announced as World’s most sustainable automotive company
The BMW Group is therefore listed as the most sustainable automotive company in the world and is the only automobile manufacturer to be consistently named among the industry leaders since the Dow Jones Sustainability Indices were created.
A total of 39 companies from the automotive industry were evaluated in 2020. The results showed that the BMW Group has improved in all three areas of evaluation (Governance & Economic, Environmental, Social dimensions).
The fight against climate change and how we use resources will decide the future of our society – and, also, of the BMW Group. For this reason, we have made sustainability, said Oliver Zipse, Chairman of the Board of Management of BMW AG.
The BMW Group's current sector leadership in the Dow Jones Sustainability Indices reflects the continuous improvements the company has already implemented in recent years. For example, across its international production network, the BMW Group has reduced energy consumption per vehicle produced by 40 percent and CO2 emissions by about 70 percent since 2006. All production locations obtain their electricity exclusively from renewable sources. The BMW Group also reduced CO2 emissions from its new vehicles sold in Europe by around 42 percent between 1995 and 2019. The company has systematically built high environmental and social standards into its supply chain management and is a leader in this field.
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.
In addition to sourcing 100-percent green power from 2020 on, the BMW Group will systematically invest in optimising its energy efficiency. The remaining CO2 emissions from production worldwide will be offset using appropriate certificates. This means BMW Group production will be climate-neutral at all its plant locations from 2021.
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.
The BMW Group is firmly committed to the Paris Climate Agreement. These new targets put the company on a course that is significantly more ambitious than the two-degree goal.