Climate Change Data

Ricardo Energy & Environment

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Sustainability
  • Energy Efficiency
  • Consumer Information

Environmental Achievements

  • BEVs could achieve nearly an -80% reduction in life cycle GHG emissions by 2050 in Europe

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Higher GHG emissions for xEV production than ICEVs due to battery manufacturing
  • Disparities between expected and realised real-world energy efficiency of BEVs
  • Limited data on BEV energy consumption
  • Lack of standardization in battery designs
  • Limited real-world applications of repurposed xEV batteries
  • Lack of harmonized methodology for vehicle LCA
  • Insufficient consumer information on various aspects of xEVs
Mitigation Strategies
  • Advancements in battery technology and decarbonization of manufacturing processes
  • Improved thermal management systems for BEVs
  • Incentives to promote right-sized BEVs and batteries
  • Energy efficiency targets for BEVs
  • Increased monitoring and reporting of BEV energy consumption data
  • Policies promoting data sharing, standardization, and local repurposing infrastructure
  • Development of a harmonised approach for vehicle LCA
  • Policy recommendations to improve transparency and consumer information

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Increased use of recycled materials
  • Shifting to renewable energy sources

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: ISO 14040 and 14044, PEF

Certifications: ISO9001, ISO14001, ISO27001 and ISO45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)

Initiatives contribute to these goals through reducing GHG emissions and promoting renewable energy.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed