GHG Emissions, Industrial - May 17, 2021
BMW Joins the Movement For a Circular Economy
BWM Group announced May 12 its ambition to reduce its carbon footprint by over 200 million tons of CO2 emissions by 2030.
The automaker launched this plan as a preview to its “RE:THINK, RE:DUCE, RE:USE, RE:CYCLE” approach to be fully unveiled at the IAA MOBILITY 2021 in September. BMW Group plans to achieve this target by reducing the carbon footprint of its vehicles throughout their lifecycle, from raw material extraction and production to the use phase and end-of-life recycling.
BMW’s 2030 targets were validated by the Science-Based Targets initiative, including its ambition to have all production and locations be completely net carbon neutral from 2021 through offsetting measures.
The initiative is all part of its shifting priority toward a circular economy. Reducing resource consumption per vehicle will include increasing the percentage of secondary material, such as recycled steel, plastics, and aluminum, in each vehicle.
Its next-generation battery cells will allow the carbon footprint of high-voltage batteries to be reduced by half by reducing emissions from its supply chain and using green power for energy-intensive production processes. Additionally, at least 50% of its global sales will be from fully-electric models by 2030.
“A climate-friendly car is not created solely by using green power. We must design our vehicles for sustainability from the very first day of development: reducing the amount of material used to manufacture them and, above all, planning for reuse and recycling from the very beginning. In the face of rising raw material prices, this is not just an environmental, but also a business imperative,” Oliver Zipse, Chairman of the Board of Management of BMW AG, said at the Annual General Meeting in Munich. “The technology for this is extremely demanding: That is why we want to lead the way on the circular economy and play a pioneering role. We are already working on quotas for the use of secondary material in our “Neue Klasse” that are both concrete and ambitious to meet our high standards.
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