Your car is greenThe car industry often seems to be the target for all environmental concerns. News often focuses on CO2 emissions and the search for practical alternatives to fossil fuel cars. A new report, though, has revealed that the car industry has the best record in terms of environmentally sustainable companies.
The car industry often seems to be the target for all environmental concerns. News often focuses on CO2 emissions and the search for practical alternatives to fossil fuel cars. A new report, though, has revealed that the car industry has the best record in terms of environmentally sustainable companies. The study compared car companies against the top 50 global sustainable companies according to the Dow Jones index. This found that the car industry came out on top when compared with global brands from the energy, IT, utilities, and food and drink sectors. The study commented on the car industry's record in managing sustainability through their supply chains and combating climate change and air pollutants through cleaner engine technologies.
The study, called Tomorrow's Value Rating (TVR) 2013, further revealed that leaders in the automotive sector continue to make substantial investments in innovation and put sustainability at the core of their business models. The study considered five key areas: engagement, governance, innovation, strategy and value chain. The results showed that car companies averaged 70% on the measurement scale, beating every other sector. The industry was also praised for the consistency of its environmental performance across all companies, with all scoring highly. This contrasted with other industries where a good average was obtained by some outstanding scores but lots of poor performances. BMW and Ford were standout performers at 80%, while Fiat debuted in an impressive third place.
TVR consultant, Ivaylo Dimov, commented on the results: "Supply chain, carbon reduction and mobility dominate the sustainability agenda of auto manufacturers. It is now the norm for major manufacturers to push sustainability principles and standards down the supply chain and it is becoming increasingly important for suppliers to ensure they meet these customer requirements, often including independent certification."
He went on to say: "Incredible prototypes have been developed to improve comfort, safety and interaction with other technologies and infrastructure. The sector has developed communication technologies to increase the take-up of car-pooling and car-sharing. But big lifestyle-changing solutions are still far away."
The report concluded that while the automotive industry was leading the way in sustainability, it could not continue to innovate in isolation. Instead it should collaborate with other industries to create wider solutions with even better environmental impacts. The report is further good news for a car industry that has transformed itself in recent years. Productivity in the industry has reached new heights, while fuel efficiency and emissions have achieved levels undreamt of just a few years ago. With sales in the UK rising for 19 consecutive months, the future is looking increasingly rosy.
Posted by Edwin Miles on