Porsche has joined the United Nations Global Compact, the world’s biggest and most important initiative for sustainable and responsible corporate governance. As a multi-stakeholder platform for the development, implementation and disclosure of responsible business practices, the UN Global Compact has the capacity to unite some 15,000 companies and 3,000 non-business signatories from over 160 countries to lay the groundwork for a successful future.
Porsche’s Strategy 2030 aligns with the goals of the UN Global Compact, with the sports car maker intending to achieve balance-sheet carbon-neutrality in all areas of its operations by 2030. The target sees Porsche assuming responsibility for the environment and for society.
A key component in implementing Porsche’s sustainability strategy is to make the production and use of all the brand’s fully electric vehicles to be net carbon-neutral. Porsche expects half of its deliveries in 2025 will come from fully electric vehicles and electrified models. In 2030, the share of all new vehicles with an all-electric drive will be more than 80%.
Among the progress made in Strategy 2030 is that the Porsche Taycan Cross Turismo has become the first production vehicle to be carbon-neutral over its entire service life.
In line with the strategy, Porsche and industry partners are investing in expanding their charging infrastructure. Further extensive investments are flowing into core technologies, such as battery systems and module production. The companies are now also developing and producing high-performance battery cells, which are expected to be ready for series production by 2024.
Porsche is also developing eFuels — or a synthetic fuel that has the potential to be almost entirely carbon-neutral — to complement its electromobility initiatives. eFuels is produced from renewable energy and is considered a viable option in vehicle development and production.
While Porsche’s manufacturing sites in Zuffenhausen, Weissach and Leipzig, Germany, are now balance-sheet carbon-neutral, the company’s efforts go beyond its own factory gates. Porsche’s supply chain has also taken the same sustainability route, with more that 1,300 series suppliers now using renewable energies in their operations.
Clearly, Porsche’s participation in the UN Global Compact underlines the company’s aspiration to reconcile business activity with ecological considerations and fair working conditions.