BMW Group named sector leader in Dow Jones Sustainability Indices 2020.

BMW:BMW Group named sector leader in Dow Jones Sustainability Indices 2020.

Munich. 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.

If you have any questions, please contact:

 

BMW Group Corporate Communications

Kai Zöbelein

Press spokesperson Sustainability, Urban Mobility

Telephone: +40-89-382-21170

Mailto: Kai.Zoebelein@bmw.de

Media website: www.press.bmw.de

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.

In 2019, the BMW Group sold over 2.5 million passenger vehicles and
more than 175,000 motorcycles worldwide. The profit before tax in the
financial year 2019 was € 7.118 billion on revenues amounting to €
104.210 billion. As of 31 December 2019, the BMW Group had a workforce
of 126,016 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

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Original Press Release