Stellantis 2023 Corporate Social Responsibility Report Outlines Strong Results Against Ambitious Dare Forward 2030 Targets
- Stellantis achieved a 12.6% reduction in global carbon footprint in 2023 compared to 2021.
- The company is committed to reaching carbon net zero by 2038 and has made significant strides in decarbonizing its processes.
- Stellantis is focusing on circular economy activities, with over two million parts recycled in 2023 across multiple regions.
- The company has a structured vehicle electrification roadmap, planning to have 30 battery electric vehicle models available by the end of 2023.
- Stellantis is dedicated to human capital development, with a strategy centered on sustainable transformation, talent development, diversity, and safety in the workplace.
- The company has strong monitoring and execution of Responsible Purchasing Guidelines, with suppliers outperforming CSR criteria benchmarks.
- Stellantis is actively supporting host communities through philanthropic projects, employee volunteerism programs, and initiatives like the Stellantis Student Awards and the Science Gateway partnership with CERN.
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Stellantis' commitment to reducing its carbon footprint aligns with a broader industry trend towards sustainability. The 12.6% reduction in emissions across all scopes is a significant stride towards their 2038 net-zero goal. From a sustainability perspective, this reduction is a tangible result that could influence investor confidence in Stellantis' environmental commitments. It's noteworthy that the company is ahead of many competitors in the automotive industry in terms of decarbonizing its electricity usage, reaching 58% in 2023. This progress is essential, given the increasing regulatory pressures and consumer demand for environmentally responsible practices. However, the success of these initiatives should be continually monitored against global benchmarks and industry peers to ensure Stellantis remains competitive and innovative in its sustainability efforts.
The expansion of Stellantis' battery electric vehicle (BEV) lineup is a strategic move to capture market share in the rapidly growing electric vehicle sector. With 30 BEV models available at the end of 2023 and plans to increase this to 48 by the next year, Stellantis is positioning itself as a leader in electrification. The 21% increase in BEV sales is a positive indicator of consumer acceptance and market demand. This aggressive electrification strategy could potentially bolster Stellantis' market position and financial performance, particularly in Europe and the U.S., where there is a strong push for electric mobility. Investors should note the potential for increased revenue streams from this segment, though they must also consider the high R&D and infrastructure costs associated with electric vehicle production and the competitive landscape.
Stellantis' actions in human capital development and responsible purchasing guidelines reflect a growing emphasis on corporate governance and ethical supply chain management. The structured approach to talent management and diversity, with 30% of leadership positions held by women, may improve organizational resilience and innovation. Moreover, the assessment of supplier groups by EcoVadis and the performance against CSR criteria can mitigate risks and enhance the company's reputation. However, it is important for stakeholders to examine the depth of these assessments and the impact of such initiatives on operational efficiency and cost. The philanthropic engagement and employee volunteerism programs also illustrate a commitment to corporate social responsibility, which could strengthen stakeholder relations and brand image in the long-term.
Stellantis 2023 Corporate Social Responsibility Report Outlines Strong Results Against Ambitious Dare Forward 2030 Targets
- 2023 carbon footprint trend aligned with the carbon net zero by 2038 roadmap, showing a reduction of
12.6% in emissions for all scopes versus base year 2021 - Using a 360-degree approach with stakeholders, Stellantis implements responsible practices to drive the business
- Stellantis maintains its rapid transformation to a sustainable mobility tech company to reimagine the future of transportation for generations to come
AMSTERDAM, April 5, 2024 – Stellantis today released its third Corporate Social Responsibility (CSR) Report, which summarizes the progress made by the Company on sustainability activities geared toward a better society for all.
“While mobility is the first element of our approach to sustainable progress, we also look to create change within our own operations and in our communities – whether that’s through reducing our own impact on the environment, building more inclusive workplaces, or supporting our host communities,” said Carlos Tavares, Stellantis CEO. “Progress in these areas is crucial to successfully providing affordable mobility for our customers and ensuring our stakeholders continue to grant us a license to operate.”
CSR activities are fully embedded throughout Dare Forward 2030, the Company’s long-term strategic plan. In 2023, key CSR initiatives included:
- The reduction of the global carbon footprint (all scopes) in line with the Company’s carbon net zero by 2038 commitment: the absolute global carbon footprint (in CO2-eq) reduced by
12.6% in 2023 vs 2021. - The massive use of decarbonized electricity in the Company’s processes with a
100% target by 2030. In 2023, it reached58% , contributing to a20% reduction in absolute tCO2 of the industrial carbon footprint (scope 1 and 2) vs. 2021. - The development of Circular Economy activities: In 2023, more than two million parts were recycled (including catalytic converters, fascias/plastic bumpers, alloy wheels and high-voltage batteries) in four regions (Enlarged Europe, North America, South America and Middle East and Africa). Stellantis inaugurated its first SUSTAINera Circular Economy Hub in Mirafiori, Italy, which started up with engine, gearbox and EV battery remanufacturing, vehicle reconditioning and dismantling.
- A structured vehicle electrification roadmap involving all brands with 30 battery electric vehicle (BEV) models available at the end of 2023, increasing by 18 in 2024, to reach 48. Last year, BEV sales increased by
21% globally with18.5% of passenger cars sold in Europe (EU27 excluding Malta and Norway, adding Iceland, UK, Switzerland) and11.2% of passenger cars and light duty trucks sold in the U.S. being electric or plug-in hybrid vehicles thanks to the growing portfolio. - A comprehensive Human Capital Development strategy anchored on four pillars: engaging in sustainable transformation based on co-constructive social dialogue; attracting, developing and retaining talent, including offering 2.9 million hours of training; empowering diversity and inclusion, with women now holding
30% of leadership positions; and promoting safety, health and wellbeing in the workplace. - Strong monitoring and execution of Stellantis Responsible Purchasing Guidelines: 3,461 supplier groups assessed by EcoVadis, corresponding to more than
89% of the annual purchased value. Results show Stellantis suppliers are performing better on CSR criteria than the EcoVadis benchmark. - A commitment to host communities: Provided more than
€18.5 million to support 366 philanthropic projects focused on education and 5,174 Stellantis employees participating in employee volunteerism programs. The Stellantis Student Awards celebrated more than 600 family members of employees for dedication to continuous learning and education, and the Stellantis Foundation partnered with CERN to inaugurate the Science Gateway in Geneva, its new outreach center for science education.
In 2023, Stellantis also held the first edition of the Freedom of Mobility Forum a stakeholder dialog initiative to contribute to the public debate about freedom of mobility in a decarbonized world. Diverse, expert contributors representing industry, academia, government, and civil society debated their ideas during a live debate on the topic: “In a decarbonized world, will freedom of mobility be affordable to a happy few only?” The second debate occurred April 3, 2024, on the topic: “How will our planet accommodate the mobility needs of eight billion people?”
The CSR Report reflects Stellantis’ commitment to a culture dedicated to integrity, responsibility, and ethical behavior in all areas and along the entire value chain and is part of the Company’s efforts to become a more environmentally conscious, socially responsible, and economically viable business.
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About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com
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| For more information, contact: Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com Nathalie ROUSSEL +33 6 87 77 41 82 – nathalie.roussel@stellantis.com communications@stellantis.com www.stellantis.com | ||||||||
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