Today, the magnitude of the climate challenge and the urgent need for collective action are no longer subject to debate. Renault Group is making concrete and wide-ranging contributions to carbon emissions reduction, with the aim to achieve carbon neutrality in Europe by 2040 and worldwide by 2050.
CHAIRMAN OF THE BOARD OF DIRECTORS
LUCA DE MEO
CHIEF EXECUTIVE OFFICER
Renault Group was the first full-line carmaker to embrace the all-electric car. Eight years after the launch of the first ZOE, with more than 390,000 electric vehicles on the road, we are making a significant contribution to reducing emissions of vehicles in use. Off the road, we have developed a pathway to decarbonize our operations: upstream, by reducing the carbon footprint of our production facilities and suppliers, and downstream, by the remanufacturing, disassembly and recycling of end-of-life vehicles and their batteries on an industrial scale.
For this, we have begun the transformation of the Group’s Flins factory, which will become Europe’s leading circular economy site dedicated to mobility. The Renaulution strategic plan will move Renault Group from a volume to a value approach and from the mindset of car manufacturer to that of mobility operator. We are scaling up the electrification of the product plan for our various brands. As of 2025, every new model launched under the Renault brand will be electric or electrified. At the same time, we are accelerating the delivery of new mobility, energy and data services through our recently created Mobilize brand. At the company’s highest level, we are taking action and making decisions for the climate. We have created an Ethics and CSR Committee within the Board of Directors to reinforce our climate governance. What’s more, we are playing in a team. We know that the fight for the climate can only be won by combining our expertise, our actions and our talents. We will also scout out expertise and boost our know-how through joint ventures, so we can progress faster and with the best in the areas of hydrogen technology, end-of-life battery recycling and decarbonized supply chains. We are collaborating with Movin’On Lab, a coalition of more than 300 companies deeply engaged in mobility.
We are proud to have been the first carmaker to obtain the validation of the SBTi (Science Based Targets initiative) for our climate pathway in 2019 and aim to achieve carbon neutrality in Europe by 2040 and worldwide by 2050. Our climate project is a pillar of our engagement and responsible capitalism: it is core to the Group’s transformation and purpose, which integrates economic performance with environmental performance.