BMW: first premium manufacturer to publish integrated report
Premium automotive manufacturer - BMW - has announced its plans to become the first in the industry to publish an Integrated Group Report. The new reportstyle will combine its Annual Report and its Sustainable Value Report for 2020.
Integrated BMW Group Report 2020
Following the Board of Management redefining BMW central sustainability goals in 2020, the manufacturer reports that the integration of the two reports marks ‘the next logical step’.
“The BMW Group Report 2020 shows that our business model and sustainability cannot be separated. We manage the BMW Group according to both financial and non-financial parameters and report these in a transparent manner every year. As a premium manufacturer, we seek to set a good example for the industry and take responsibility. Key sustainable development indicators are given equal weighting in our reporting with financial figures,” commented Dr Nicolas Peter, member of the Board of Management of BMW AG responsible for Finance.
BMW Group sustainability goals
Already achieving several of its key sustainability milestones, including the reduction of its CO2 emissions in its European new vehicle fleet by 53% (1995 to 2020) and obtaining 100% renewable energy for its worldwide plants since 2020, BMW furthered its efforts in July 2020 setting itself new targets.
- Reducing its CO2 emissions per vehicle by at least one third across its entire range (based on its 2019 total fleet of more than 2.5 million produced, the equates to a reduction of over 40 million tonnes of CO2 throughout their lifecycle by 2030)
- Whilst the company has already reduced its CO2 emissions per vehicles produced by over 78% since 2006, the company also aims to reduce its scope one and two emissions by a further 80% between 2019 and 2030
- Reducing its CO2 emissions during the vehicle use phase by more than 40% per kilometre driven by 2030
Sustainable Manufacturing: Bayer Joins Manufacture 2030
“Advancing life - that's what we at Bayer are all about.” With this strong mission statement at the core of its operations, it seems fitting that the pharmaceutical and life science company has joined Manufacture 2030 to further promote inclusive growth and responsible use of resources.
For Bayer, the concept of means “providing more people across the world with access to health care and food security, and devising solutions to protect the environment, especially decarbonisation, climate adaptation, and biodiversity preservation.”
Bayer’s Ambitious Series of Sustainability Commitments
In line with the United Nations Sustainable Development Goals and the Paris Agreement, Bayer’s ambitious sustainability targets to achieve by 2030 include:
- To reduce its Scope 1 and 2 greenhouse gas (GHG) emissions by 42%, and absolute Scope 3 GHG emissions by 12%
- By 2030 the remaining emissions of Bayer’s operations will be fully offset by purchasing certificates from verified climate protection projects
“Given CO2 emissions are the main reason for climate change, Bayer is committed to making our business as resource efficient as possible, aiming to become carbon-neutral across our own operations by 2030. By partnering with Manufacture 2030 and their cloud-based platform, the Bee, we can better equip our operational teams with the know-how needed to reduce impacts, as well as track our site-level performance towards company targets. We are confident that by embedding innovative technologies like the Bee, we can play our part in protecting the climate,” said Thomas Gosmann, Head of Pharma Technology & Global Energy Manager at Bayer.
Bayer’s Five Year Partnership with Manufacture 2030
Over the next five years, Manufacture 2030 aims to help Bayer meet its targets, reducing SCope 1 and 2 emissions across Bayer’s 138 sites, and covering all three business units (pharmaceuticals, consumer health and crop science).
“We are delighted to be launching this new partnership with Bayer, helping them to achieve their Science Based Targets by reducing site-level environmental impacts. Helping people and the planet is at the heart of Bayer’s philosophy, as well as being an organisation full of expertise, so we are thrilled they have chosen our unique platform to aid them in continually improving the environmental sustainability of their business,” added Martin Chilcott, Founder and CEO at Manufacture 2030.
About Manufacture 2030
Manufacture 2030 - Founded in 2017 - is a trading brand of mission-driven private company . Manufacture 2030 pioneers new ways to drive sustainable proactive across the manufacturing and supply chain world by partnering with multiple brands and their suppliers to reduce environmental impacts.
Headquartered in the UK, the company’s platform and support services help suppliers and manufacturers in 50 countries around the world.
“We are a culturally diverse and energetic team, passionately committed to helping our clients and their suppliers achieve their carbon reduction commitments,” says Manufacture 2030.