Renault Group B.V.
Renault Group B.V., commonly known as Renault, is a prominent player in the automotive industry, headquartered in the Netherlands (NL). Founded in 1899, the company has evolved significantly, establishing a strong presence in Europe, Asia, and South America. Renault is renowned for its innovative approach to electric vehicles and sustainable mobility solutions, offering a diverse range of cars, vans, and electric models that stand out for their design and efficiency. With a commitment to quality and cutting-edge technology, Renault has achieved notable milestones, including partnerships within the Renault-Nissan-Mitsubishi Alliance. This collaboration has solidified its market position, making Renault a key contributor to the global automotive landscape. The company continues to lead in the development of eco-friendly vehicles, reflecting its dedication to a sustainable future.
DitchCarbon Score
How does Renault Group B.V.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Renault Group B.V.'s score of 57 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renault Group B.V.'s reported carbon emissions
In 2023, Renault Group B.V. reported significant carbon emissions, totalling approximately 1,639,976,000 kg CO2e for Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions accounted for about 1,639,976,000 kg CO2e, while Scope 2 emissions were approximately 2,271,000 kg CO2e. Scope 3 emissions were reported at about 159,382,000 kg CO2e, with notable contributions from downstream activities such as end-of-life treatment of sold products (approximately 281,342,000 kg CO2e) and investments (about 210,285,000 kg CO2e). Renault Group B.V. has set ambitious climate commitments, including a trajectory to reduce financed emissions (downstream Scope 3) by 2030, which was approved by the Board of Directors in 2023. Additionally, the company achieved an absolute reduction of 8.3% in its Scope 1 and 2 emissions between 2023 and 2024. They aim to submit their near-term reduction targets to the Science Based Targets initiative (SBTi) by mid-2025 for both Scope 1 and Scope 2 emissions. The emissions data is cascaded from Renault SA, the parent company, reflecting a comprehensive approach to climate accountability across the corporate family. Renault Group B.V. continues to align its strategies with industry standards, focusing on significant reductions in carbon emissions while enhancing transparency in its climate commitments.
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| 2019 | 2020 | 2023 | |
|---|---|---|---|
| Scope 1 | 576,820,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 1,212,351,000 | 000,000,000 | 0,000,000 |
| Scope 3 | 1,400,000,000 | 0,000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Renault Group B.V. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
