Dow Jones – Tires & Parts News https://tiresandparts.net Your News Source for Everything Automotive Fri, 26 Feb 2021 15:49:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.11 BMW Group named sector leader in Dow Jones Sustainability Indices 2020 https://tiresandparts.net/news/bmw-group-named-sector-leader-in-dow-jones-sustainability-indices-2020/ https://tiresandparts.net/news/bmw-group-named-sector-leader-in-dow-jones-sustainability-indices-2020/#respond Mon, 07 Dec 2020 09:58:23 +0000 https://tiresandparts.net/?p=33216 The BMW Group has taken first place in the “Automobiles” category of the latest rating published by S&P Dow Jones Indices for the Dow Jones Sustainability Indices World and Europe (DJSI), earning 80 out of a possible 100 points. The BMW Group is therefore listed as the most sustainable automotive company in the world and […]

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The BMW Group has taken first place in the “Automobiles” category of the latest rating published by S&P Dow Jones Indices for the Dow Jones Sustainability Indices World and Europe (DJSI), earning 80 out of a possible 100 points. 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 and resource efficiency the centre of our business alignment and anchored this approach in all divisions. We see this as an important building block for successfully shaping our future, since our business model and sustainability are inseparable for us,” 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.

It is now taking the next step in the fight against climate change and towards responsible resource management. The BMW Group just presented its new strategic direction for sustainability in July.

The company is setting itself clear targets for CO2 reduction up to 2030. What is new is that these goals extend for the first time throughout the entire lifecycle: from the supply chain through production to the end of the use phase. The aim is to reduce CO2 emissions per vehicle by at least one third overall. For the fleet of over 2.5 million vehicles produced by the BMW Group in 2019, this would correspond to a reduction of more than 40 million tonnes of CO2 throughout 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.

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 aim is to reduce CO2 emissions from BMW Group vehicles by 40 percent per kilometre driven by 2030. This will be achieved through massive expansion of e-mobility. In ten years, there should be a total of more than seven million electrified BMW Group vehicles on the roads – around two thirds of them with a fully-electric drive train.

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.

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Nokian Tyres Chosen to be Part of the DJSI World Sustainability Index https://tiresandparts.net/news/tires/nokian-tyres-chosen-part-djsi-world-sustainability-index/ https://tiresandparts.net/news/tires/nokian-tyres-chosen-part-djsi-world-sustainability-index/#respond Fri, 06 Oct 2017 21:53:35 +0000 https://tiresandparts.net/?p=21801 Nokian Tyres has been selected for the prestigious Dow Jones’ DJSI World sustainability index. The tyre manufacturer’s total sustainability score was almost twice as high as the industry average and the company had improved its results significantly this year from the 2016 score. Nokian Tyres’ score of 78 points was just one point less than […]

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Nokian Tyres has been selected for the prestigious Dow Jones’ DJSI World sustainability index. The tyre manufacturer’s total sustainability score was almost twice as high as the industry average and the company had improved its results significantly this year from the 2016 score. Nokian Tyres’ score of 78 points was just one point less than the best company from the tyre industry on a global basis.

Commenting on this achievement, the company’s President and CEO Hille Korhonen said that its employees had made great efforts to improve Nokian’s performance with regard to all aspects of sustainability. He said that Nokian’s product range comprising safe and eco-friendly tyres and its inclusion in the DJSI World Sustainability index highlights its determination to be a sustainability pioneer in the tyre industry.

Nokian Tyres has worked over a long period of time to ramp up corporate social responsibility regarding its products, the company’s operations and the entire tyre industry. From 2012, the company has published sustainability reports confirming to GRI guidelines. Nokian Tyres’ goals for 2020 with regard to sustainability include cutting CO2 emissions related to production by 20 per cent, considerable reduction in the rolling resistance of the tyres produced by the company and auditing all of its natural rubber processors. The company plans to continue its efforts with regard to all areas of sustainability.

The Dow Jones Sustainability Index (DJSI) is prepared by Swiss RobecoSAM and is an annual sustainability assessment of large publicly traded companies. From the viewpoint of investors, this index is a highly valued, comprehensive corporate sustainability assessment. RobecoSAM assesses the sustainability of each company on the basis of social, financial, social and environmental criteria. Thus, the index is an independent assessment by an international company that provides all stakeholders – customers, investors and employees – with a dependable description of how companies perform on the sustainability.

In order to prepare this year’s edition of the index, RobecoSAM invited almost 3,500 of the world’s largest publicly traded companies from 47 countries to participate in the sustainability assessment. Of the companies which participated in the assessment, the top 10 percent were included in the index as the most sustainable companies in the world. Nokian Tyres was only Nordic company thar made it to the index in the Auto Components sector.

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