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Why there is much more to sustainability than building EVs

Why there is much more to sustainability than building EVs

FromAdvanced Manufacturing and Mobility Business Minute


Why there is much more to sustainability than building EVs

FromAdvanced Manufacturing and Mobility Business Minute

ratings:
Length:
15 minutes
Released:
Jul 24, 2023
Format:
Podcast episode

Description

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Andrea Weinberger explains why automotive companies need a broader ESG agenda to achieve a more sustainable future. Although the adoption of electric vehicles (EVs) is gaining popularity and considered as one of the crucial steps toward decarbonization, professionals believe that for transforming to a more sustainable future, automotive companies need to address wider topics. These include minimizing resource extraction and depletion, reducing waste and water usage, and promoting circular business models. To make a meaningful transformation, automotive companies need to integrate sustainability into their operating model, rather than treating it as a separate project. Making environmental, social and governance (ESG) initiatives a part of day-to-day operations will help simplify sustainability and make significant progress. In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Andrea Weinberger, Partner, Strategy and Transactions, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, describes why the automotive industry should leverage a wider sustainability strategy.  Key takeaways: It is important for automotive companies to understand that more sustainability initiatives do not mean less profitability. Although electrification of vehicles and decarbonization are important, they are not sufficient to transform into a sustainable future. Creating a positive social impact in the communities where a company is operating would be a valuable step in the transformation. Authenticity is one of the crucial factors that distinguishes a credible sustainability strategy.
Released:
Jul 24, 2023
Format:
Podcast episode

Titles in the series (30)

Join our Advanced Manufacturing and Mobility leaders as we explore the critical business issues impacting our industry today. We also discuss reshaping the future, including the effects the COVID-19 crisis is having on our industries, and offer practical insights on how to move forward into the new normal.