MANAGEMENT OF CLIMATE OBJECTIVES
BY THE BOARD OF MANAGEMENT AND THE STRATEGIC ENVIRONMENTAL PLANNING DEPARTMENT1/2
The Board of Management (BoM) is responsible for defining and implementing
Renault Group’s mid-term strategy, within the scope of the guidelines set by the Board of Directors. It is assisted by the CSR Steering Committee created in 2020, which is chaired by the Chief Executive Officer.
The focuses of Renault Group’s environmental policy are debated twice a year and approved by the BoM on the recommendation of the Vice President of Strategic Environmental Planning. The action taken in 2020 is detailed in the Universal registration document 2020.
The Paris Agreement signed following the Paris Climate Conference (COP 21) and all the national commitments published at the time were subjected to an in-depth analysis of their implications for the automotive industry. The associated opportunities and risks were presented to the BoM for inclusion in the Group’s strategy.
At the unveiling of the Renaulution strategic plan in January 2021, the Chief Executive Officer thus presented the reorganization of the Group’s activities around four business units, including the new Mobilize brand. Luca De Meo announced an extensive electrification of vehicle ranges and a scaling up of E-TECH and hydrogen technologies. Mobilize aims to provide flexible mobility solutions and promote a sustainable energy transition.
The Renaulution plan is the foundation of the Group’s strategy to achieve carbon neutrality and grow the value of the circular economy.
ENVIRONMENTAL GOVERNANCE BY THE BOARD OF DIRECTORS AND THE BOARD OF MANAGEMENT
This table shows the environmental governance by the Board of Directors and the Board of Management of Renault Group.
The Board of Directors is made up of the Ethics and CSR Committeewhich coordinates and supervises the activities of the Strategy Committeeand the Audit, Risks and Compliance Committee which in turn must report to the Ethics and CSR Committee.
The Board of Directors is followed by the Board of Management which is made up of the CSR Steering Committee. The Board of Directors as well as the Board of Management coordinates and supervises the Strategic Environmental Planning Department made up of the Climate Project Management.
The Board of Directors as well as the Board of Management coordinates and supervises operational departments which are made up of climate project contributors.