Groupe PSA Recognized for Low-Carbon Initiatives
French multi-national conglomerate Groupe PSA, the organization behind Peugeot, Citroën, DS, Opel and Vauxhall, received acknowledgement for its position on Carbon Disclosure Project’s (CDP) A-List this year. CDP distinguishes the group for its efforts to reduce emissions, mitigate climate risks and develop the low-carbon economy, based on its 2019 CDP disclosure to CDP.
Every year, thousands of companies from all over the world send the CDP their data on the ecological impact of their respective environmental initiatives. CDP evaluates companies according to their reports, their awareness and their management of environmental risks, as well as the establishment of significant objectives and their implementation. The CDP then gives ratings from “A” to “D” according to the effectiveness of the companies’ efforts in the fight against climate change.
Groupe PSA was included in CDP’s “A-List” for the first time in 2016. CDP distinguished the Group for the 4th consecutive year as a leader in combating climate change.
“We are proud that CDP recognizes the hard work of Groupe PSA teams which are committed to successfully manage our low-carbon transition and fight to preserve a clean, safe and affordable mobility for the citizens,” Carlos Tavares, Chairman of the Managing Board of Groupe PSA, said. “We consider this challenge from an ethical point of view towards the next generations and we are taking our share of the global effort to reduce carbon emissions, at an unprecedented rhythm.
“To tackle climate change, all economic sectors should be expected to make reduction efforts proportional to their amount of emissions, and at the same pace. This would help consumers make their own arbitrations on their CO2 emissions, between what is absolutely essential and what is less, given the necessary disruption of consumption habits that scientists recommend, with regard to the climate emergency,” Tavares continued.
The recognition from the CDP is just the latest in a long list of honors and awards recognizing Groupe PSA’s leadership and commitment to combatting climate change and its ill effects. In November of 2019, it saw its emission reduction targets scientifically certified to have met the goals of the Paris Climate Agreement.
The following month, it was on top of the World Benchmarking Alliance’s Climate and Energy Benchmark, which ranks car manufacturers on their proclivity to actively promoting low emission vehicles and investing in new technologies.