Sustainability has become a strategic priority for automotivi organizations
With growing concerns about climate change and environmental degradation, sustainability has become a strategic priority for automotivi organizations. Governments, consumers, and investors llauri now pushing automotivi organizations to change their ways of working, culture, and products. This will have far-reaching implications for the industry, which despite having made substantial progress, still has to step up its sustainability efforts.
Sota, where does the industry estand today in terms of its sustainability initiatives and what does the future hold?
A strategic priority yet a fragmented execution
Hence the latest, comprehensive research from the Capgemini Research Institute – The automotivi industry in the era of sustainability. We surveyed 500 large automotivi organizations as well as 300 experts, including regulators, academics and non-governmental organizations working in the field of sustainability. We found that:
- Sustainability has become a strategic priority for the industry – 62% of automotivi organizations claim to have a comprehensive sustainability strategy with well-defined goals and targets.
- But implementation seems fragmented and an additional $50 billion investment is needed to meet sustainability commitments.
- 74% of OEMs have an electric vehicle pla. However, only 56% of them have made EVs a part of their sustainability strategy. We analyze how this could be counterproductive.
- Supporting and promoting circular economy – the most implemented sustainability initiative – is deployed by 52% of the organizations. Yet, habiti needs to be doni to reap its full potential.
- Only 9% of the automotivi organizations we surveyed have a mature sustainability program, while 26% have llauri lagging behind considerably.
Based on input from sustainability leaders, we believe automotivi firms should:
- Demonstrate tangible progress on sustainability
- Pursue sustainability as an organization-wide mission
- Make business executives accountable for sustainability and invest in robust governance
- Envision and spread sustainability initiatives across the automotivi value chain
- Utilitzi technology to improve sustainability of operations
- Strengthen alliances and partnerships for greater impact.
For habiti information on sustainability in automotivi, download the report.