BMW Group`s strategy is therefore much more ambitious than the UN agreement to limit global warming to two degrees. The implementation of a detailed 10-year plan setting interim targets for each year up to 2030 has been developed. „We will report annually on our progress and test ourselves against those goals. The compensation of our board of directors and management will also be linked to this,“ said Mr. Zipse. Whether or not annual targets are met is published in integrated reports. Starting in 2021, these annual updates on sustainable development goals as well as financial figures and information on overall business developments will be presented in a single document. As a result, BMW Group`s sustainable business is further examined by external and independent auditors. In an interview with journalists in Munich, CEO Oliver Zipse said BMW wanted to reduce CO2 emissions by millions of tonnes a year by 2030 as part of its „very clear commitment“ to the Paris climate agreement. With regard to emissions in the supply chain, the climate strategy calls for BMW to change its supplier contracts.
Suppliers must measure and disclose their carbon footprint and describe the actions they are taking under the new decarbonization contracts. Such a mandate has already been given to battery suppliers who must prove that they use 100% renewable energy. Scientific Goals car_manufacturing Low-carbon New business models An example of the use of De Second-Life batteries is the Leipzig plant`s battery farm, where production is powered by local wind and solar power. However, renewable energy sources are not always available when they are needed, so it is necessary to store them to ensure stable supply. In Leipzig, the old batteries of old BMW i3 test vehicles are delivered. The batteries are connected to the network to stabilize it. Storage of excess electricity and transmission to the grid when needed act as buffers. They are converted into large energy accumulators by combining them into large energy tanks. Another example is the one in Hamburg, where a 2-megawatt memory produced from BMW i3 batteries compensates for spikes in denport networks.
But large storage systems are not the only solution for secondary batteries: they could also be used for households, as a capacity of only 20 kWh would be more than enough to power a detached house. The group of 38 institutional investors has signed a joint letter calling on companies such as oil giants Shell and BP, energy supplier EDF, aircraft manufacturer Airbus and carmaker BMW to take climate risks into account in their annual accounts, as nations move away from fossil fuels and intensify their efforts to decarbonize their economies. Regarding the coronavirus problems in the automotive industry, Zipse said BMW had a „relatively good month“ in June, when countries came out of the blockade and showrooms were reopened. Pieter Nota, a member of BMW AG`s board of directors for customers, brands and sales, talks in an interview with bmw Group Media House about the benefits of plug-in hybrids, the future of technology and what he expects from the legislature.