BMW Sets 2030 Sustainability Targets, Aims for 80% Cut in Production Emissions
July 27 2020 - 7:37AM
Dow Jones News
By Kim Richters
BMW AG on Monday released sustainability targets for the next
ten years, including reducing carbon-dioxide emissions per vehicle
by at least one third.
The German car maker said the carbon reduction will be achieved
across the entire lifecycle of a vehicle, from the supply chain to
the end of the use phase. BMW plans to cut production emissions by
80% compared with 2019 levels.
"For a fleet of around 2.5 million vehicles, as produced by the
BMW Group in 2019, this would correspond to a reduction of more
than 40 million tonnes of CO2 over the lifecycle in 2030," the
company said.
BMW said the compensation for its management board and executive
management will be tied to the sustainability targets and it plans
to release updates on its goals from 2021.
"This new strategic direction will be anchored in all
divisions--from administration and purchasing to development and
production, all the way to sales," BMW Chief Executive Oliver Zipse
said in a statement.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 27, 2020 07:22 ET (11:22 GMT)
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