Transport & Environment
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
Climate Goals & Targets
Environmental Challenges
- Car manufacturers underestimate their life-cycle emissions (Scope 3 emissions)
- ESG ratings fail to capture the sector's true environmental impact
- Inconsistent reporting of Scope 3 emissions across car manufacturers
Mitigation Strategies
- Recommend a fifty-fold increase in the weight assigned to Scope 3 emissions in ESG ratings
- Suggest using the EU taxonomy as an E score instead of ESG assessments
- Advocate for stricter guidance on Scope 3 calculations to reduce room for interpretation
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GHG Protocol