The luxury car brand is the highest ranked carmaker in the Corporate Knights sustainability rankings
Given the fossil fuels that power them, there are obvious reasons to consider carmakers – particularly luxury carmakers – as inherently unsustainable.
But BMW, the German luxury car brand, is trying to change that. In 2016, it was named the most sustainable company in the world by Corporate Knights. The company has “earned some sustainability bragging rights for a wide range of measures from energy, water and waste reduction to innovation and diversity,” Corporate Knights said in announcing the accolade.
The Canadian research group giving BMW top marks for its remuneration strategy linking the salary of its senior executives to their sustainability performance - in stark contrast to the corporate governance shortcomings at its rival and compatriot VW, which are said to have contributed to the Dieselgate scandal. In total, BMW scored above 80% in eight of the 12 key performance indicators used to build the rankings.
Although in 2017 it has slipped to from first place to 16th, BMW is still the highest ranked carmaker by some distance, with nearest rival Peugeot-Citroen at number 43. BMW is also the sector leader in the automotive category in the Dow Jones Sustainability Index. “For us, sustainability is...