A majority of the world’s major car manufacturers have set a carbon neutrality target, with most setting a target date of 2050. Other manufacturers have put forward net-zero carbon emission targets or net-zero greenhouse gas (GHG) emissions target. 

The 18 studied manufacturers currently have widely varying levels of emissions, and more than half of them have published historic data that allows the tracking of their emissions data over time. Where such data is available, companies seem to have reduced their total emissions, although there are notable exceptions.

EU regulations on CO2 emission standards for new cars and light vehicles ban the sale of new petrol and diesel cars in the EU from 2035. Ford, Hyundai Motors, Kia and Mitsubishi have already committed to this requirement in their sustainability reports. Other companies set 2030 targets for electrifying their fleet.

Cullen International’s new benchmark summarises the sustainability targets put in place by major car manufacturers.

The benchmark covers:

• whether the companies have set a target year to reach carbon neutrality;
• whether the target includes scope 3 (indirect) emissions;
• the current level of emissions compared to the target base year; and
• some further details behind the targets and plans, such as the proportion of electrified vehicles manufactured.

For more information and access to the benchmark, please click on “Access the full content” - or on “Request Access”, in case you are not subscribed to our Sustainability service.