On the Road to Carbon Neutral Vehicles: smart Releases 2024 Sustainability Report
smart Mobility Pte. has published its 2024 Sustainability Report, marking the fourth consecutive year of environmental, social, and governance (ESG) disclosure. The report highlights the company’s progress across five key strategic pillars:
- Governance & Ethics
- Sustainable Product
- Climate Action
- Circular Economy
- People & Community
This framework aligns smart’s sustainable development efforts with the United Nations Sustainable Development Goals (SDGs) and supports its ambition to deliver fully carbon-neutral vehicles by 2045.
Value Chain Decarbonization and Local Procurement
smart achieved a local procurement rate exceeding 95% in both China and Europe, a foundational step toward decarbonizing its value chain. Additionally, over 95% of materials used in all smart mass-produced models are recovered or recyclable, reinforcing the brand’s circular economy commitment.
Leadership Vision
"As one of the first global automotive brands to transition to an electric-first portfolio, smart has always taken pragmatic innovation as its fundamental principle, deeply integrating ESG considerations into the core of its strategy, and continuously exploring a development path that balances resilience and sustainable value." — Tong Xiangbei, Global CEO of smart
Strategic Progress in Sustainability
The report documents ongoing advancements in each pillar, reflecting smart’s dedication to sustainable growth and carbon neutrality by 2045.
Author’s summary: smart's 2024 ESG report underscores its focused progress across five pillars, driving toward carbon-neutral vehicles by 2045 through innovation, local sourcing, and circular economy practices.
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