Most major car manufacturers have set a carbon neutrality target, with many setting a target date of 2050. Other manufacturers have put forward net-zero carbon emission targets or net-zero greenhouse gas (GHG) emissions target. 

Cullen International’s latest research shows that 18 studied manufacturers have widely varying levels of emissions, with more than half of them having published historic data that allows the tracking of their emissions over time. Where such data is available, companies seem to have increased their total emissions (with some notable exceptions). This contrasts with the previous version of Cullen’s analysis which found that emissions were largely decreasing.

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. Hyundai Motors, Kia and Mitsubishi committed to this requirement in their sustainability reports. Most manufacturers are increasing their efforts to produce and sell more electrified vehicles.

The latest update of the Cullen International’s 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.