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- Audi leads the automotive industry in ESG performance, achieving a B– rating.
- ESG criteria include environmental, social, and corporate governance aspects.
- Audi aims for net carbon neutrality by 2050 with industry-leading sustainability measures.
Audi has emerged as the leader in environmental, social, and corporate governance (ESG) among car manufacturers, according to the latest ISS ESG ratings. The company achieved a B– rating, reflecting year-on-year improvement and securing the top position in the industry for the 2023 financial year.
Industry-Leading ESG Performance
Audi voluntarily underwent the rigorous ESG rating process by ISS ESG, aiming to create transparency and comparability across the automotive industry. “Our goal is to be among the best in our industry,” said Jürgen Rittersberger, Member of the Board of Management of AUDI AG. “We are convinced that a good sustainability performance will improve our corporate value in the long term and help to future-proof Audi.“
The rating evaluates over 100 criteria, with 60% of the score derived from environmental factors, 32% from social, and 8% from corporate governance. Audi excelled particularly in areas such as fleet fuel consumption, vehicle lifecycle analysis, and sustainability standards in the supply chain.
Commitment to Sustainability
Audi’s efforts to achieve net carbon neutrality by 2050 were highlighted as significantly above the industry average. The company offers all-electric and hybrid vehicles and has implemented strong measures for responsible sourcing of raw materials. “We started from here and continued to improve,” added Rittersberger, reflecting on the insights gained from the previous year’s rating.
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Impact Beyond Financials
The high ESG rating is crucial not only for financial analysts and investors but also for customers, partners, employees, and local communities who prioritize sustainability. Audi integrates sustainability targets into executive remuneration and maintains a comprehensive code of conduct and compliance measures.
The 2024 rating underscores Audi’s dedication to minimizing environmental impact and positively influencing society. Continuous efforts include resource conservation, promoting equal opportunities, and improving working conditions throughout the supply chain.