Audi has emerged as a leader in environmental, social and corporate governance (ESG) among car manufacturers, according to the latest ISS ESG ratings. The company achieved a B– rating, which reflects year-on-year improvement and secures an industry-leading position for FY2023, reports the company.
Audi voluntarily undergoes the rigorous ESG assessment process by ISS ESG, aiming to create transparency and comparability throughout the automotive industry.
“Our goal is to be among the best in our industry. We are convinced that a good sustainability performance will improve our corporate value in the long term and help future-proof Audi," commented Jürgen Rittersberger, Member of the Board of Directors of AUDI AG.
The rating evaluates over 100 criteria
60% of Audi's score is derived from environmental factors, 32% from social and 8% from corporate governance. The company particularly excels in fleet fuel consumption, vehicle life cycle analysis and supply chain sustainability standards.
Audi's efforts to achieve net carbon neutrality by 2050 were highlighted as significantly above the industry average. The company offers fully electric and hybrid vehicles and has implemented strict measures for responsible sourcing of raw materials.
A 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 goals into executive compensation and maintains a comprehensive code of conduct and compliance measures.
The 2024 ranking highlights Audi's commitment to minimizing environmental impact and positively impacting society. Ongoing efforts include conserving resources, promoting equal opportunities and improving working conditions throughout the supply chain.