"Renault Group has set a net zero target to achieve carbon neutrality in Europe by 2040 and worldwide by 2050. Net Zero Tracker This aligns with the Paris Agreement's aim to limit the temperature increase to 1.5°C. Net Zero Tracker Renault's interim target is a 50% reduction in emissions relative to 2019 levels by 2030. Net Zero Tracker The company's target covers Carbon dioxide and other GHGs, including scope 1, 2, and 3 emissions. Net Zero Tracker An interesting fact about Renault's environmental policy is that it includes plans to use nature-based carbon removal within its target boundary. Net Zero …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Renault belongs to the sector Consumer Discretionary.
Renault is a member of the Business Ambition for 1.5 campaign (link here )
Multinational automobile manufacturer GROUPE RENAULT commits to reduce scope 1 and 2 GHG emissions 60% per car produced by 2030 from a 2012 base-year. GROUPE RENAULT commits to reduce scope 3 GHG emissions from use of sold products 41% per vehicle kilometer by 2030 from a 2010 base-year. Auto manufacturers have two near-term target temperature alignments for 1) scope 1 and 2 emissions and 2) scope 3 category 11 emissions from use of sold products.
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
Yes (nature-based removals e.g. Forestation, soil carbon enhancement)
Additional notes: Nature-based: 'In 2019, the Group joined the Global Platform for Sustainable Natural Rubber (GPSNR), an organization aiming to improve the environmental and socio-economic performance of the natural rubber value chain. The GPSNR’s initiatives include, for example, actions to fight deforestation.' (p54)
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious