AUTOMOTIVE SECTOR SPOTLIGHT
Insights from 400 operational professionals and 275 business leaders who work for companies involved in the design, development and manufacture of vehicles.
Tech that drives change
Both business leaders and operational professionals in the automotive sector believed that investing in technology should be a sustainability priority, and “the lifespan of key technology” is the top barrier to sustainability.
It’s a given that energy efficiency and waste reduction drive transition, but in order to make progress we need to decouple business growth from consumption. Companies need to be able to increase their value without increasing their consumption of raw materials and their CO2 emissions. This decoupling of growth and consumption is the only way forward for Volvo Cars, for the automotive sector, and for the wider economy.— Anders Kärrberg, Head of Global Sustainability, Volvo Cars
What are the top three barriers in preventing focus on sustainability in the automotive sector?
According to operational professionals:
- The lifespan of key technology (e.g. carbon reliant tech that won’t need replacing for a long time) (53%)
- Lack of sustainable technology at a commercially viable cost (51%)
- Lack of clear targets (51%)
According to business leaders:
- The lifespan of key technology (61%)
- Focus on short term financial performance by investors (58%)
- Focus on short term performance due to COVID-19 pandemic (57%)
You can find more details on the transition to a sustainable economy from the automotive sector in the insights section of the report.
