Renault Corporation enters the CAC 40 Index focused on Environmental, Social, and Governance factors
Renault Group, a leading European automaker, has embarked on an ambitious journey towards a more sustainable future with the launch of the Renaulution plan. This strategic shift, spearheaded by CEO Luca de Meo, is aimed at making Renault the most committed Original Equipment Manufacturer (OEM) in ensuring that future mobility aligns with the interests of employees, customers, and the environment.
As part of this plan, Renault Group has created the ReKnow University, a unique European programme designed to transform skills towards new value chains. Since its inception in 2021, the ReKnow University has trained 13,000 people and aims to train an additional 20,000 by 2025. This initiative is a key part of Renault Group's commitment to maintaining the employability of its people.
Renault Group's Environmental, Social, and Governance (ESG) strategy is multifaceted, focusing on reducing the environmental impact of its activities and vehicles throughout their lifecycle. The company has made significant strides in this area, reducing its global carbon footprint by 25% per vehicle since 2010. Renault Group aims to achieve carbon neutrality in Europe by 2040 and worldwide by 2050.
In line with its ESG strategy, Renault Group's safety strategies aim to improve both active and passive safety measures. The systems developed by Renault Group extend to passive safety, including a specific battery safety system for electric vehicles. The Group has also developed a 'rescue code' in partnership with fire brigades in 17 countries, aiming to improve safety in emergencies.
Renault Group's technological roadmap addresses the three main causes of serious accidents: excessive or inappropriate speed, distraction, and substance abuse. The systems developed by Renault Group aim to cover up to 70% of the causes of accidents.
The Group's ESG strategy emphasises the importance of inclusion and safety in addition to environmental considerations. Renault Group has joined the CAC 40 ESG, reflecting its commitment to these principles. The company's recent ESG recognition is due to the commitment of its teams for several years and an accelerated momentum with the launch of the Renaulution plan.
The Renaulution plan is a significant factor in Renault Group's ESG recognition. The Group's ESG strategy is based on three pillars: environment, inclusion, and safety. This holistic approach underscores Renault Group's commitment to creating a sustainable future for all.
In conclusion, Renault Group is not only revolutionising the automotive industry but also setting a new standard for sustainability and safety. With its Renaulution plan, the Group is transforming its operations, products, and workforce to align with the needs of a changing world.
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