PricewaterhouseCoopers (PwC) and CLEPA (European Association of Automotive Suppliers)
Climate Impact & Sustainability Data (2020-2040)
Reporting Period: 2020-2040
Environmental Metrics
ESG Focus Areas
- Climate Change
- Employment
Climate Goals & Targets
Environmental Challenges
- Transition to electric powertrains impacting employment and value-add in the automotive supplier industry.
- Uncertainty regarding consumer behavior and market demand for EVs and ICE vehicles.
- Need for significant reskilling and upskilling of the workforce.
Mitigation Strategies
- Quantitative analysis of the EV transition's impact on value-add and employment.
- Development of three market scenarios (mixed-technology, EV-only, radical) to assess potential impacts.
- Recommendations for investments in new capabilities and employment scenarios.
Supply Chain Management
Climate-Related Risks & Opportunities
Transition Risks
- Job losses in ICE vehicle production
- Market shifts towards EVs
Opportunities
- Growth in EV component production
- Development of new technologies and services
UN Sustainable Development Goals
- SDG 7: Affordable and Clean Energy
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation and Infrastructure
- SDG 13: Climate Action
The study analyzes the impact of the EV transition on employment and economic growth, aligning with several SDGs.