Renault Group’s ability to offer innovative responses to climate risks, exceeding the expectations of transportation sector stakeholders, will also open up new business opportunities and drive competitiveness.
| OPPORTUNITIES | SHORT-TERM | MEDIUM TERM | LONG-TERM | DESCRIPTION AND IMPACT ON THE GROUP’S PERFORMANCE |
|---|---|---|---|---|
SHORT-TERM (< 2030) |
MEDIUM TERM (2030-2040) |
LONG-TERM (2040-2050) |
DESCRIPTION AND IMPACT ON THE GROUP’S PERFORMANCE
| |
| DEVELOPING NEW PRODUCTS AND SERVICES AND ACCESSING NEW MARKETS | DEVELOPING NEW PRODUCTS AND SERVICES AND ACCESSING NEW MARKETS SHORT-TERM ⓧ | DEVELOPING NEW PRODUCTS AND SERVICES AND ACCESSING NEW MARKETS MEDIUM TERM ⓧ | DEVELOPING NEW PRODUCTS AND SERVICES AND ACCESSING NEW MARKETS LONG-TERM ⓧ | DEVELOPING NEW PRODUCTS AND SERVICES AND ACCESSING NEW MARKETS DESCRIPTION AND IMPACT ON THE GROUP’S PERFORMANCE Combined with evolving CO2, emissions regulations, new consumer preferences for lower-carbon-emissions products are a major opportunity to develop new products and enter new markets. As a frontrunner in electric mobility and a leading developer of hybrid technologies and complementary solutions such as fuel cells, Renault Group is well-poised to take advantage of these trends. The Group adapts the skills of the workforce by putting in place training sessions about new technology and bolsters its electric vehicle manufacturing capacity with the creation of an "Electro pole" in France. |
| BUILDING UP THE CIRCULAR ECONOMY OF MOBILITY | BUILDING UP THE CIRCULAR ECONOMY OF MOBILITY SHORT-TERM ⓧ | BUILDING UP THE CIRCULAR ECONOMY OF MOBILITY MEDIUM TERM ⓧ | BUILDING UP THE CIRCULAR ECONOMY OF MOBILITY LONG-TERM ⓧ | BUILDING UP THE CIRCULAR ECONOMY OF MOBILITY DESCRIPTION AND IMPACT ON THE GROUP’S PERFORMANCE Building up the circular economy is not only a core driver of carbon neutrality for the Group, it also underpins the Group’s development of new products and services, especially through its new Mobilize business unit. By contributing to the circular economy, the Group will meet the needs of consumers who want to switch to more sustainable forms of mobility and, at the same time, extend the life cycle of its products. |
| PRODUCING ENERGY FOR OWN USE AT SITES | PRODUCING ENERGY FOR OWN USE AT SITES SHORT-TERM ⓧ | PRODUCING ENERGY FOR OWN USE AT SITES MEDIUM TERM ⓧ | PRODUCING ENERGY FOR OWN USE AT SITES LONG-TERM
| PRODUCING ENERGY FOR OWN USE AT SITES DESCRIPTION AND IMPACT ON THE GROUP’S PERFORMANCE To meet carbon footprint reduction targets, the Group must adjust its industrial processes and roll out low-carbon technologies in the short and medium terms. In addition to improving the environmental performance of its production facilities, the Group can use this opportunity to reduce its energy bill and its exposure to future increases in fossil fuel prices. |
| STRENGTHENING OUR REPUTATION AS A CLIMATE CHANGE LEADER | STRENGTHENING OUR REPUTATION AS A CLIMATE CHANGE LEADER SHORT-TERM ⓧ | STRENGTHENING OUR REPUTATION AS A CLIMATE CHANGE LEADER MEDIUM TERM ⓧ | STRENGTHENING OUR REPUTATION AS A CLIMATE CHANGE LEADER LONG-TERM ⓧ | STRENGTHENING OUR REPUTATION AS A CLIMATE CHANGE LEADER DESCRIPTION AND IMPACT ON THE GROUP’S PERFORMANCE Renault Group’s efforts to integrate climate change issues into its strategy are an opportunity to strengthen its reputation as a pacesetter in this area. The Group is the first carmaker to have its greenhouse gas reduction targets validated by the Science Based Targets initiative. It is one of the top three out of the 30 automotive sector companies in the ranking by the World Benchmarking Alliance and CDP published in December 2020. This ranking assesses “how companies integrate climate issues into their strategy, their efforts to reduce greenhouse gas (GHG) emissions and the quality of their management of these emissions”. Renault is also one of the five companies among those ranked whose GHG reduction targets meet the Paris Agreement alignment criteria established by the International Energy Agency. Although it has already established a positive reputation in this area, the Group’s continued efforts to uphold and deepen its commitments can help strengthen the confidence of its stakeholders. |
