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.
For your convenience, full text transcript of this podcast is also available. Read the transcript.
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Presenters
Andrea Weinberger
Partner, Strategy and Transactions, Ernst & Young GmbH WirtschaftsprüfungsgesellschaftPodcast
Episode 27
Duration 14m 39s
In this series
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