Industries - Automotive

Contents:

Adapting to a Sustainable Planet

The automotive industry is advancing in its sustainability journey by prioritizing emissions reduction and enhancing fuel efficiency. Numerous companies are investing in electric and hybrid vehicles, engaging in research and development for alternative fuels and infrastructure systems. Furthermore, the industry is striving to align with sustainability goals by implementing eco-friendly production practices and increasing the use of recycled materials in its products.

Sectoral Challenges, Risks and Opportunities

The automotive industry is deeply committed to sustainability, encompassing every stage from inception to disposal. While risks and challenges arise, they also present numerous opportunities for growth and improvement.

Ensuring all suppliers adhere to sustainable practices can be challenging, especially when suppliers operate in countries with varying regulations and standards. The intricacies of supply chain management can hinder companies from maintaining complete control over the sustainability of their products. Nevertheless, achieving holistic sustainability requires the participation of the entire value chain. Effectively managing this will streamline the process and enhance the opportunity to share information throughout the supply chain.

The increasing interest in sustainable products has led to growing consumer demand for eco-friendly cars and materials. Common sustainability demands across different markets present an opportunity for companies to distinguish themselves in the market through studies conducted within this framework.

The automotive industry operates under strict regulations, with a strong emphasis on compliance with environmental standards. Companies, especially those in the European market, may encounter various legal expectations, ranging from emission limits per kilometer to the utilization of recycled materials.

While electric vehicles and other sustainable technologies are evolving rapidly, companies may encounter technical limitations that pose challenges in fully transitioning to sustainable practices. Factors such as limited range in electric vehicles and the reliability of renewable energy sources for powering large manufacturing plants may present hurdles. Therefore, a holistic approach is imperative in addressing these challenges.

What Can We Do Together?

Various studies can be conducted on product sustainability and corporate sustainability in the automotive industry, one of the sectors in which Metsims, who has nearly 20 years of experience in sustainability, actively works. We stand ready to accompany you on your sustainability journey, bringing our expertise in areas such as vehicle LCA/EPD, emission technologies, environmental impacts of battery production and disposal, sustainability strategy and business model development, and sustainability action planning. Discover our competences in this field and meet our experts!