The BMW Group released its Sustainable Value Report 2018 showing that it has made a significant development in shaping sustainable mobility the previous year. The release of the Sustainable Value Report 2018 coincides with the publication of the company’s Annual Report 2018.
The report presents information on current measures and wins covering 2018. Additionally, it provides updates on actual and substantial progress directed to achieving the organization’s sustainability goals.
“Sustainability is a holistic task that is firmly anchored in our corporate strategy,” says Harald Krüger, chairman of the board of management of BMW AG. “In addition to developing innovative products and services, responsible use of resources is another central concern of all that we do—with clear objectives and measures that we are setting for ourselves and successfully implementing.”
Some of its notable wins for 2018 are setting new benchmarks for energy consumption and CO2 emissions per vehicle produced wherein relative CO2 emissions per vehicle produced dropped by an average of 2.4 percent year-on-year to a new low of 0.40 tons per vehicle. In the past five years alone, this number has been reduced by around 39 percent. It is also the market leader in electrified vehicles in Europe as it sold 75,000 electrified vehicles in 2018, and over 140,000 electrified models globally.
BMW Group has set 10 long-term sustainability goals (consumption of resources, renewable energy, sustainable resource-efficient supply chain, long-term employee development, diversity, corporate citizenship, CO2 emissions, electromobility, and mobility patterns) since 2012 in order to achieve the most successful and sustainable premium provider of individual mobility which are reviewed and documented through the Sustainable Value Report by presenting concrete results every year.
The 2018 report was compiled following the guidelines of the Global Reporting Initiative (GRI standards; comprehensive level), and Independent assurance was conducted in accordance with the International Standard of Assurance Engagements (ISAE 3000 Standard). Likewise, it meets the CSR reporting standard criteria in Germany in full. Furthermore, PricewaterhouseCoopers, an external auditing firm verified the report’s quantitative and qualitative statements under the following criteria: materiality, stakeholder inclusiveness, clarity, completeness, accuracy, reliability, and comparability.
View the whole report here.