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Sustainability Trends Benchmarking of Global Automotive Companies

  • Report

  • 40 Pages
  • December 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4721859

Adoption of Sustainability Strategies Allows Companies to Mitigate Long-Term Environmental Impacts of its Activities and Provides a Competitive Advantage

Over the past decade, the topic of sustainable development has gained importance across various sectors. The development of this topic has been driven by increasingly stringent regulations in different industry sectors, higher potentials for product diversification and increased public awareness. In the automotive industry, which is in the focus of this research study, sustainable development is of particular importance. Stakeholders of this industry need to not only comply with environmental standards and meet societal requirements, but also maintain a competitive edge in a rapidly-changing business environment characterized by fluctuating customer demands, new legislations and stiff competition. Major global automotive companies have been constantly developing and adopting novel sustainability strategies and tools in order to improve its overall sustainability performance.

This research service offers insights on the following:

  • Profiling and benchmarking of various sustainability strategies developed and adopted by global companies in automotive sector
  • Overview of sustainability measurement index/tool developed by various companies
  • Key sustainability targets set by the companies and its focus areas of development
  • A snapshot of the companies’ alignment towards United Nations’ Sustainability Development Goals (SDG)
  • Key product development activities related to sustainable development
  • A snapshot of sustainability certifications, standards and other recognitions received by various companies

Table of Contents

1. Executive Summary
1.1 Research Scope
1.2 Research Process and Methodology
2. Need for Sustainability in Automotive Industry
2.1 Environmental and Societal Attributes Drive the Need for Sustainability in the Automotive Sector
3. Emerging Sustainability Trends in the Automotive Sector3.1 BMW
3.1.1 Electric Vehicles and Hydrogen Fuel based Hybrid Cars are the Key Product Development Areas
3.1.2 50% CO2 Emissions Reduction in European Vehicle Fleet by 2020
3.1.3 BMW’s NUMBER ONE > NEXT Sustainability Strategy Integrates Sustainability Along the Entire Value Chain
3.1.4 Sustainable Development Goals (SDGs) Addressed by BMW
4. Peugeot
4.2.1 PSA Group has retained B Prime Sustainability Status in 2017
4.2.2 Selective Catalytic Reduction and PureTech Engine Caters to Carbon Emissions Reduction Need
4.2.3 PSA Group is Committed to Develop Plug-in Hybrids and Evs to Improve Overall Sustainability Indices
4.2.4 Sustainable Development Goals (SDGs) Addressed by PSA Group
5. Renault Nissan
5.3.1 Groupe Renault is Rated as a High Performing World Leaders in the Fight Against Climate Change
5.3.2 Improved Battery Capacity of Electric Vehicles is the Key Focus Area of Product Development
5.3.3 Nissan has Adopted its flagship “Blue CitizenShip” program to Cater to Various CSR needs
5.3.4 Use of CSR Scorecard Drives the Aim to Strike a Balance Between Nissan’s Growth and Development for Society
5.3.5 Sustainable Development Goals (SDGs) Addressed by Groupe Renault
6. Michelin
6.4.1 Michelin is Categorized Under the Leadership Category by the CDP
6.4.2 Michelin is Focused on the Production of Green Tires and Improving the Tire Manufacturing Process
6.4.3 Responsible Manufacturing and Adoption of Circular Economy Principles for the Core of Sustainability Strategy
6.4.4 Adoption of Michelin Environmental Footprint (MEF) Indicator has Optimized Resource Usage and Reduced Emissions
6.4.5 Sustainable Development Goals (SDGs) Addressed by Michelin
7. Bosch
7.5.1 Bosch Partners with Renowned NGOs to Combat Climate Change and contribute to Community Development
7.5.2 Bosch Caters to the Needs of Electrification of Vehicles
7.5.3 Bosch Focuses on Reduced Carbon Emissions While Providing a Safe Work Place for its employees
7.5.4 Bosch Aims to Make Mobility Safer and Cleaner While Conserving Resources
7.5.5. Sustainable Development Goals (SDGs) Addressed by Bosch
8. Annexure
8.1 Sustainable Development Goals (SDGs)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BMW
  • Michelin
  • Nissan
  • Peugeot (PSA Group)
  • Renault