Index Community Climate Lobbying Overview: Renault appears to have mixed engagement on climate change policy globally in 2021-23. priority. It employs nearly 160,000 people who embody its Purpose every day, so that mobility brings people closer. Additionally, in an April 2021 parliamentary consultation response, Renault advocated for the UK government to reduce fines for failing to meet UK CO2 standard targets for light-duty vehicles, or to weaken the requirements. with Renault Group - Climate Report April 2021. Ten years of annual and quarterly financial statements and annual report data for RENAULT (RNLSY). , one top and Earlier, in a September 2021 media report, a Renault senior executive stated that the company would seek to weaken the policy by calling for the EU's proposed 2035 zero-emissions target to be delayed until 2040 for hybrid vehicles. thus and to Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. These two effects allowed to compensate for the loss of volume of 7.5 points mostly linked to the implementation of this value over volumes policy. Top-line Messaging on Climate Policy: Renault has generally positive top-line statements on climate policy. Philosophy use, activities Renault Group exceeds its 2021 targets and accelerates its Renaulution Guidelines, CopyrightNissan Motor Co., Ltd. All Rights Reserved, Advanced Driver Assistance Systems (ADAS) & autonomous driving, Quality initiatives with the customers' perspective, Sustainability Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. News & Stories. Nissan's Sustainability Report 2020: Nissan's sustainability report and corporate guidelines are available here. areas; Furthermore, in an April 2021 joint letter, the company expressed support for the EU's Green Deal and climate neutrality by 2050 in line with IPCC demands. societys Over the past decade, Renault Group and the Alliance have already invested more than 10bn in electrification. Ijj tcl rine, wl cnvl, elvl`iple n pntcwny ti elhnrmiagzl iur iplrntgias6, Jir tcgs, wl cnvl mlkua tcl trnasjirdntgia ij tcl Kriups J`gas jnhtiry, wcghc wg`` mlhidl, s `lnegak hgrhu`nr lhiaidy sgtl eleghntle ti, divl ]lanu`t Kriup jrid n vi`udl ti n vn`ul npprinhc nae jrid tcl dgaeslt ij hnr dnaujnhturlr, ti tcnt ij dimg`gty iplrntir. our and This increase is mainly the result of a sharp improvement in the cost of risk, which stood at 0.14% of average performing assets compared to 0.75% in 2020. create The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Our vision by Jean-Dominique Senard and Luca de Meo The facts Past and present, ahead of the curve . part These cookies can be set at any time from the publication. The major contributors are stronger performance from parts and accessories, from our owned network and a favorable impact of sales with buy-back commitments. and Each of these LCAs is critically reviewed by an independent expert following the ISO 14040 and 14044 standards, to evaluate, firstly, the methodology used and, secondly, all of the calculations and interpretations made. Each of the columns above represents one relationship the corporation appears to have with such a third party. our we LADA Vesta and LADA Granta sales ranked respectively at the 1st and 2nd place in Russia. of To this end, Renault Group is studying the opportunity to bring together its 100% electric activities and technologies within a dedicated entity in France to accelerate their growth. and is The earnings report, with a complete analysis of the financial results in 2021, is available at www.group.renault.com in the "Finance" section. Assessing throughout corporate Nissan Top Dividend Stocks. are rights the Business to The "Other" effects, of +5.3 points, came from the decline in sales with buy back commitments in line with the policy of selecting the most profitable channels and following the disposal of several Renault Retail Group branches in 2021. We use cookies that are strictly necessary for the operation of this website as well as statistical cookies that allow us to anonymously know how users interact with the website in order to optimize your user experience. Stock Research. initiatives Renault Group aims to achieve carbon neutrality in Europe by 2040 and worldwide by 2050 by reducing its carbon emissions over the entire life cycle of the vehicle: materials and components purchased, production sites, vehicle emissions on the road, second life but also recycling. a 6The Automotive operational scope includes AVTOVAZ, Corporate Press Officer, Governance & Finance, Renault Group is at the forefront of a mobility that is reinventing itself. This report analyzes the climate-related policy messaging and engagement of the Canadian oil and gas industry. while Has the company had its operational (Scope 1 and/or 2) greenhouse gas emissions data verified? 2023 Copyright Renault. If finds that despite the Canadian oil and gas sector's widespread use of net zero commitments and narratives, the industry remains strategically opposed to science-based policy to deliv South African industry remains a blockage to ambitious climate change policy in the country. Sustainability Report 2021 (Full) Contents CEO Message [P2-8] CSO Message [P9-13] Carbon Neutrality/Response to Covid-19 [P14-24] None of the companies plan to phase out internal combustion engine (ICE) vehicles earlier than 2035, which would make achieving the 1.5C climate goal very difficult, and seven . to The companys CEO, Luca de Meo, is President of the European Automobile Manufacturers Association (ACEA) in 2023, and a senior executive is on the board of the Federation of French Industry (MEDEF). sustainability initiatives company The Board of Directors will propose to the Assembly General Meeting, scheduled for May 25, 2022, to not pay a dividend for the 2021 financial year. The Renault-Nissan Alliance: How the global leader in electric vehicles The recovery of the automotive market had a positive impact of 293m. Does the company report on Scope 3 emissions? aim Our My bookmarks Search On the road to carbon neutrality . allocate Quality Inclusion, September 2014, all new models undergo a comparative LCA with respect to their predecessor. for In It reached 4.4% of revenue in the second half of 2021. [P9-13], Carbon [P104-113], Social initiatives are As of December 31, 2021, total inventories of new vehicles (including the independent dealer network) represented 336,000 vehicles compared to 486,000 at the end of December 2020, or 53 days of sales. Engage the entire supply chain . The facts - Page 4 | Renault Group - Climate Report April 2021 [P57-83], Air [P25-33], Climate Policy [P78-82], Third-Party Use these tools to search for entity assessments or explore real-time trends and analysis. at to Standard Sustainability Business Discover all news and stories of Renault Group and its brands. areas. fiscal Ratings - Page 55 | Renault Group - Climate Report April 2021 - PubliSpeak The financial result amounted to -350m, an improvement of 132m compared to 2020, mainly related to the accounting revision of the carrying value of the loan guaranteed by the French State. Renault - Transition Pathway Initiative encourage This briefing highlights the involvement of the fossil fuel industry in the "anti-ESG" political movement in the US, from the movement's inception to the present. Automotive6 operational free cash flow was positive at 1,272m, after taking into account payments for restructuring expenses of -602m, asset disposals of 574m and a negative impact of the change in working capital requirement of -330m. Research by InfluenceMap reveals the California based tech giant's pledges on the use of renewable energy are backed up by its calls to policy makers to push through ambitious climate change policy and legislation. and Global Commodities. Employees, are year to and Ahead of its mid-term Renaulution objectives, the Group will organize a Capital Market Day in the fall of 2022. conserve Engagement Nissan contributes 311 million to Renault Group's first quarter 2023 earnings. Report. our Established in more than 130 countries, the Group has sold 2.7 million vehicles in 2021. Interest Rates. to Employees, The recovery of the automotive market had a positive impact of 293m. [P2-8], CSO A summary of the "Resurrection" and the "Renovation" phases of the "Renaulution" strategic plan, as well as a briefing on the new "Revolution" phase . standards Policies Learn more! Link to follow the conference at 8am today and available in replay: events.renaultgroup.com/en/, 1 The Automotive operational scope includes AVTOVAZ, 2Cash breakeven without RCI dividend, WCR change & restructuring, excluding AVTOVAZ and China JVs, 3These results should be consolidated and formalized by the European Commission in the coming months. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. foundation This (ESG) Ucl Kriup cns slt tcl ngd ti nhcglvl hnrmia alutrn`gty ga Luripl my =?5? part New research finds that US truck manufacturers are actively lobbying to weaken and delay key US climate policies promoting zero-emission trucks, while simultaneously running PR campaigns that appear to promote the decarbonization of the sector. these This very good level is explained by the improvement in risk parameters and a return to normal recovery processes impacted by the lockdowns in 2020. In line with environmental challenges, the Groups ambition is to achieve carbon neutrality in Europe by 2040. https://www.renaultgroup.com/en/, Philippine de Schonen+33 6 13 45 68 39philippine.de-schonen@renault.com, Frederic Texier+33 6 10 78 49 20frederic.texier@renault.com, Astrid de Latude+33 6 25 63 22 08astrid.de-latude@renault.com, [1]The Automotive operational scope includes AVTOVAZ, [2]Cash breakeven without RCI dividend, WCR change & restructuring, excluding AVTOVAZ and China JVs, [3]These results should be consolidated and formalized by the European Commission in the coming months. After taking into account other operating income and expenses, the, The Automotive operational free cash flow and the sale of shares held in Daimler for 1.1bn contributed to the 2bn reduction in, Decarbonization and fair transition at the heart of our ESG strategy, RE-TROFIT with the Factory VO (Used Vehicles), the first factory specialized in the, RE-ENERGY contributing to the development of applications for the 2. (SASB) In the same letter, Renault called for ambitious government policy to respond to climate change, and appeared to support increased government investment to support GHG emissions reductions in an April 2021 MEDEF French Business Climate Pledge. Change policies, InfluenceMap Data Point on Corporate - Influencer Relationship, Renault CEO is the President of ACEA (January 2023), Created: 20/01/2023 Last edited: 20/01/2023, Renault CEO, Luca de Meo, is on ACEA's Board of Directors (August 2022), Created: 20/01/2022 Last edited: 19/08/2022, Created: 07/11/2015 Last edited: 04/01/2021, Senior executive is on the board of MEDEF (July 2022), Created: 22/07/2022 Last edited: 19/08/2022, Senior Executive is on the board of a regional federation of UIMM, Created: 20/08/2020 Last edited: 20/08/2020, Has disclosed membership of MEDEF: [6]The Automotive operational scope includes AVTOVAZ. Management Initiative responsibility. a Starting with the launch of TWINGO III inSeptember 2014, all new models undergo a comparative LCA with respect to their predecessor. results & these [P166-178], Risk REPORT OF THE. development create The LCA reports for new models, together with their reviews, are published online at group.renault.com/en/our-commitments. This summary was last updated in Q1 2023. mitigate also Highlighted Content. the Our ethics Investors Thanks to its performance, Renault Group is in a position to accelerate its Renaulution strategy by leveraging its industrial and technological assets: - Renault Group confirms its ambition in EV with the objective for the Renault brand to be 100% EV in Europe by 2030. our opportunities, committed [P170-177], Employees' and in we Engagement. of talent In 2022 Climate Report Renault Group Uploaded by SANDIP KUMAR 0 ratings0% found this document useful (0 votes) 15 views 59 pages Document Information click to expand document information Description: Climate change report for Renault Group Original Title climate-report-renault-group Copyright All Rights Reserved Share this document climate They have been cited in over 2,000 media stories since 2015 and used extensively by investors, corporations and policymakers. about work on on practices In a March 2023 ACEA press release, Renaults CEO, Luca de Meo, appeared not to support the EU's 2035 100% zero-emission CO2 target for light-duty vehicles. Renault Group is part of the following indices: Euronext Climate Europe, Euronext Core Europe 100 ESG EW, Euronext France ESG Leaders 40 EW, EN Fra Energy Transition Lead 40 EW and EN Water and Ocean Europe 40 EW. This reflects the sustained pace of the in-depth transformation of the Group, initiated within the framework of Renaulution. level Research suggests that despite many pension funds leading efforts in climate stewardship of investment portfolio companies, European pension funds do not appear to be engaging proactively on emerging efforts by EU and UK policymakers to create sustainable and climate finance related policy. 2021, CEO automotive.influencemap.org Renault initiatives Philosophy as sustainable [P256-257], Editorial air and Safety, Positioning on Energy Transition: Renault appears to have mixed engagement on the decarbonization of transportation. by and InfluenceMap consists of a UK-based non-profit Community Interest Company(CIC) and a US-based 501c3 charity. In an environment still impacted by the semiconductor crisis, particularly in the 1st half of 2022 (total loss estimated at 300,000 vehicles on 2022 production), and by the increase of raw materials prices, the Group is aiming to achieve for the full year: Thanks to its performance, Renault Group is in a position to accelerate its Renaulution strategy by leveraging its industrial and technological assets: Renault Group confirms its ambition in EV with the objective for the Renault brand to be 100% EV in Europe by 2030. Does the company have a process to manage climate-related risks? [P160-163], Governance Report dependence We are a data provider to the Climate Action 100+ investor process. organization. rights The Automotive operational free cash flow and the sale of shares held in Daimler for 1.1bn contributed to the 2bn reduction in Automotive net debt which stood at 1.6bn at December 31, 2021. in the At constant scope and exchange[1] rates, it increased by 8.0% (negative exchange rate effect mainly related to the devaluation of the Russian Ruble, the Turkish Lira, the Argentine Peso and the Brazilian Real). [P226-227], SASB This has no impact on the scores and methodology. Content thereof After taking into account other operating income and expenses, the Group's operating income stood at 1,398m compared to -1,999m in 2020. Renault Group integrated report Building a next gen automotive company means transforming it through innovation that is economically, environmentally and socially fair. and related InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). Guide Discover automotive industry jobs and explore all career opportunities. The recovery of the automotive market contributed 4.4 points. contribute on as identified. Data It amounted to 7.3% including asset disposals compared to 11.3% in 2020. we CO2 In the same consultation response, Renault appeared to support the EU's Carbon Border Adjustment Mechanism (CBAM), while advocating for the continuation of existing carbon leakage protection measures under the EU ETS with no phase out. we Quality An Analysis of the Consumer Products Sector's Engagement on the EU's Ecodesign for Sustainable Products Regulation. Nt tcl sndl tgdl, wl nrl nhhl`lrntgak tcl el`gvlry ij alw dimg`gty, lalrky nae entn slrvghls, baiw tcnt tcl jgkct jir tcl h`gdntl hna ia`y ml wia my hidmgagak iur lxplrtgsl, iur nhtgias nae, rlhyh`gak nae elhnrmiagzle supp`y hcngas. guide health. Environment, [P147-156], Supply to * Renault Group is currently issuing its first climate report. a emissions The contribution of associated companies amounted to 515m, including 380m related to Nissan's contribution, an increase of 5,660m compared to 2020. and [P226-227], Environmental and (TCFD), Addressing [P193-194], Environmental [5]In order to analyze the variation in consolidated revenue at constant exchange rates, Renault Group recalculates the revenue for the current financial year by applying average exchange rates of the previous period. Reports, related measures initiatives to In its April 2021 Climate Report, Renault appeared to support GHG emissions reductions in line with a 1.5C target. sustainable to In 2021, Renault Group released its Corporate purpose: "Our spirit of innovation takes mobility further to bring people closer" and published its ESG strategy based on 3 pillars: carbon neutrality, safety and inclusion. Nissans environment. for Safety and It employs nearly 160,000 people who embody its Purpose every day, so that mobility brings people closer. prior to the vehicle design process, to analyze the potential environmental impact and benefits of technological innovations; after the design process, to confirm and measure the reduction of environmental impacts from one generation of vehicle to another. is development highest [P133-139], Human LobbyMap Renault we report fossil Energy. This global industrial project is intended to be deployed more widely, like the project launched at the Seville plant. These operational performances largely offset the rise in raw material prices, which weighed for -468m. LobbyMap maintains the worlds leading database of corporate and industry association lobbying of climate policy around the globe. Employers associations (Medef,Afep, Business Europe, etc). Renault Group places its environmental and societal strategy at the Sustainability In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. Quality, nae wir`ewgel my =?Renault Group - Climate Report April 2021 - PubliSpeak significant CAFE = Corporate Average Fuel Economy, [4]The E-TECH range consists of electric vehicles and hybrid engines. ESG the to Climate-related [P140-144], Labor The contribution of Sales Financing to the Group's operating margin reached 1,185m, an increase of 178m compared to 2020. This movement is accelerating: the Alliance will invest 23bn over the next five years. Policies To keep up with Renault Group in real time. Message Climate Report April 2021 E-accessible. Safety [P213-215], Compliance related Guide Development numbers [P217-222], Governance [P261-262], GRI [P83-84], Strengthening outline AVTOVAZ's revenue increased by 10.4% to 2,850m, mainly due to strong price increases and a product mix effect of +18.4 points, more than offsetting the negative impact of currencies (-6.8 points). make Chain This movement is accelerating: the Alliance will invest 23bn over the next five years. strong The company also appeared unsupportive of extending the EU ETS to the road transport sector. Governance Income statements, balance sheets, cash flow statements and key ratios. related Directors Report This choice reflects the proactive environmental strategy that the Group has firmly pursued across all business activities since 2005. The Annual General Meeting was held on May 11, 2023, at the Seine Musicale, le Seguin - 92100 Boulogne-Billancourt. JavaScriptJavaScript. the and 2020. Investors 2022 Provisions for restructuring charges of -430m were offset by asset disposals (487m) mainly related to the sale of several Renault Retail Group (RRG) branches in line with the announced strategy. Index culture Development [P258-260], TCFD [P225-257], Corporate and Data Policies mineral and To meet this challenge, the Group is leveraging various options: maximizing battery use (smart charging, bidirectional charging, second-life uses such as stationary energy storage) and participating in the development of new recycling solutions for active battery materials, thereby helping reduce the need for virgin materials. as fiscal Policies and value display initiatives This policy more than offset the negative volume effect of 579m. (Full). Climate Report Renault Group | PDF | Life Cycle Assessment - Scribd Governance initiatives issues. Renault Group - Climate Report April 2021 Message said Luca de Meo, CEO of Renault Group, "With these 2021 results, Renault Group reached a further step in its recovery. The Group has set the aim to achieve carbon neutrality in Europe by 2040 and worldwide by 2050.