More
    HomeTOPICSNet ZeroBMW Group sets new climate target for 2035: at least 60 million...

    BMW Group sets new climate target for 2035: at least 60 million tons of CO2e savings compared to 2019

    Published on

    The BMW Group has defined a new 2035 milestone for cutting CO2e emissions on the road to net zero. The company aims to reduce its CO2e emissions by at least 60 million metric tons compared to 2019 levels, an additional reduction of approximately 20 million tons of CO2e beyond the existing 2030 target.

    In doing so, the BMW Group is pursuing a comprehensive decarbonization strategy along the entire life cycle, with the goal of achieving net zero by 2050 at the latest. This represents a firm commitment to the goals set out in the Paris Agreement.

    To date, the target has been to cut at least 40 million metric tons of CO2e across the entire life cycle (scopes 1, 2 and 3) by 2030 compared to 2019 levels. The new 2035 milestone is a logical next step on this road toward advancing decarbonization. At the same time, the climate impact of the BMW Group’s business model will also be drastically reduced. By 2035, each euro generated will see less than half as much CO2e emitted compared to 2019.

    The key measures for achieving these results include the increasing use of renewable energies in production and the supply chain, the increased utilization of secondary raw materials, efficiency improvements in the use phase, as well as product and process innovations. The latter are being implemented across all drive variants as part of the BMW Group’s technology-neutral approach. In addition, an increasing proportion of the vehicle fleet will continue to be electrified.

    spot_img

    Latest articles

    Sustainability Lens: ESG Ratings Enter a New Era: What the New European Regulation Means for Companies and Investors

    (Opinion by Mihaela Croitoru, CEO Sustainability Lens) Over the past few years, ESG ratings have...

    Carrefour and Bonapp have saved more than 5 tonnes of food from waste. Partnership expands to four new cities.

    Bonapp and Carrefour are taking the fight against food waste beyond Bucharest. After saving...

    The Romanian Senate supports the responsible collection of SGR packaging

    The Romanian Senate reinforces its commitment to the circular economy and environmental protection by...

    BCR acts as Co-Arranger in Autonom’s EUR 30 million bond issue, the company’s third consecutive sustainability-linked issuance

    Banca Comercială Română (BCR) acted as Co-Arranger in the EUR 30 million bond issue...

    More like this

    Sustainability Lens: ESG Ratings Enter a New Era: What the New European Regulation Means for Companies and Investors

    (Opinion by Mihaela Croitoru, CEO Sustainability Lens) Over the past few years, ESG ratings have...

    Carrefour and Bonapp have saved more than 5 tonnes of food from waste. Partnership expands to four new cities.

    Bonapp and Carrefour are taking the fight against food waste beyond Bucharest. After saving...

    The Romanian Senate supports the responsible collection of SGR packaging

    The Romanian Senate reinforces its commitment to the circular economy and environmental protection by...