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BMW Group accelerates CO2 reduction and focuses on a circular economy with the Neue Klasse

The BMW Group announced Thursday an expansion of its efforts to combat climate change. Looking ahead to the introduction of the Neue Klasse, the company is further strengthening its self-defined objectives, announced in the summer last year, to significantly reduce CO2 emissions, whilst also committing itself to a clear course that supports the 1.5 degree target for the limitation of global warming. The Neue Klasse will also see the BMW Group hugely increase its use of secondary materials with a firm focus on the principles of the circular economy, whilst also promoting better framework conditions for establishing a market for secondary materials.

To achieve a further reduction in CO2 emissions, the focus is on the utilization phase of vehicles, which account for 70% of the BMW Group’s CO2 footprint. By 2030, the CO2 emissions per vehicle and kilometer driven will be at least halved from 2019 levels. The commitment of all manufacturers when it comes to combatting climate change can best be compared when looking at the entire life cycle of a vehicle, including production and upstream supply chain. Here, the BMW Group is planning a reduction of CO2 emission per vehicle of at least 40%.

“How companies are dealing with CO2 emissions has become a major factor when it comes to judging corporate action. The decisive factor in the fight against global warming is how strongly we can improve the carbon footprint of vehicles over their entire life span. This is why we are setting ourselves transparent and ambitious goals for the substantial reduction of CO2 emissions; these are validated by the Science Based Targets Initiative and will deliver an effective and measurable contribution,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Thursday. “With the Neue Klasse we are significantly sharpening our commitment and also committing ourselves to a clear course for achieving the 1.5-degree target.”

The BMW Group is the first German carmaker to join the Business Ambition for 1.5°C of the Science Based Targets Initiative and is committed to the goal of full climate neutrality over the entire value-added chain by 2050 at the latest. This means that the company is also part of the international Race to Zero Initiative. The company is convinced that this can be achieved using innovation, rather than any overall ban on individual technologies.