Mar 2

Sustainability agenda now a key priority for automotive sector

  • GlobalData’s Filing Analytics platform identified that around 58% of vehicle manufacturers discussed electric vehicles in 2020, while mentions of sustainability rose by around 57% in 2020 compared to 2019
  • Sustainability-related M&A and PE/VC deal volumes in the automotive sector increased by more than 50% in 2020
  • Eco-mobility weighs on hiring activity

Sustainability will remain a key strategic agenda for automotive companies in 2021 and beyond, with over 75% of vehicle manufacturers focused on sustainability in 2020, according to GlobalData, a leading data and analytics company. Pirelli & C. SpA, Audi AG and Volkswagen AG were the top companies with mentions of ‘sustainability’ in their filing documents in 2020.

Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says: “Several GlobalData surveys in 2020 found that consumers continued to be more environmentally conscious, which is undoubtedly influencing how companies move forward with this theme. In the automotive sector, Internet of Things (IoT), sustainability and electric vehicles (EVs) continue to be on top of the agendas for automotive companies. *Global production of EVs is likely to reach 7.6 million units by 2025, and tightening regulations are likely to force companies to focus on large-scale investments in sustainability and EVs, or face uphill challenges in the future.”

 

Source: GlobalData

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