Renault

"Renault Group has set a net zero target to achieve carbon neutrality in Europe by 2040 and worldwide by 2050. Net Zero Tracker
This aligns with the Paris Agreement's aim to limit the temperature increase to 1.5°C. Net Zero Tracker
Renault's interim target is a 50% reduction in emissions relative to 2019 levels by 2030. Net Zero Tracker
The company's target covers Carbon dioxide and other GHGs, including scope 1, 2, and 3 emissions. Net Zero Tracker
An interesting fact about Renault's environmental policy is that it includes plans to use nature-based carbon removal within its target boundary. Net Zero …"

Current Score (vs. LY)

41.5 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #94

CAC40: #24

Consumer Discretionary: #13

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

43.8%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 423,071517,003498,612
Scope 2 - location-based NANA535,610
Scope 2 - market-based 183,201299,200451,493
Scope 1-2 - location-based 423,071517,0031,034,222
Scope 1-2 - market-based 606,272 816,203 950,105
Scope 3 56,453,09067,162,35976,310,940
Total - location-based 56,876,16167,679,36277,345,162
Total - market-based 57,059,362 67,978,562 77,148,642

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 57,059,36267,978,562
Methodology As reportedAs reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Renault belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/05/2019

Near-term Long-Term Net Zero Standard
Targets Set : Well-below 2°C/2°C by 2030 No target No
Renault is a member of the Business Ambition for 1.5 campaign (link here )

Multinational automobile manufacturer GROUPE RENAULT commits to reduce scope 1 and 2 GHG emissions 60% per car produced by 2030 from a 2012 base-year. GROUPE RENAULT commits to reduce scope 3 GHG emissions from use of sold products 41% per vehicle kilometer by 2030 from a 2010 base-year. Auto manufacturers have two near-term target temperature alignments for 1) scope 1 and 2 emissions and 2) scope 3 category 11 emissions from use of sold products.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Renault by zerotracker.net: Jan. 24, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: Nature-based: 'In 2019, the Group joined the Global Platform for Sustainable Natural Rubber (GPSNR), an organization aiming to improve the environmental and socio-economic performance of the natural rubber value chain. The GPSNR’s initiatives include, for example, actions to fight deforestation.' (p54)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 24.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 7.5 10.0 -
Commitments 17.5 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 41.5 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 3.2°C 0.0 / 10.0 -
Total 41.5 / 100.0 -


Available Data Sources

Reporting Year 2022 2022 2021 2021 2020 2019 2019
Source Public Wikirate Public NZPDU NZPDU NZPDU Wikirate (NV)
Publication Year 2023 unknown 2023 2022 2021 2020 unknown
Scope 1 423,071 423,071 517,003 517,003 498,612 626,947 630,423
Scope 2 - location-based NA 183,201 NA 490,338 535,610 697,096 581,928
Scope 2 - market-based 183,201 NA 299,200 299,200 451,493 585,404 NA
Scope 1-2 - location-based 423,071 606,272 517,003 1,007,341 1,034,222 1,324,043 1,212,351
Scope 1-2 - market-based 606,272 NA 816,203 816,203 950,105 1,212,351 NA
Scope 3 56,453,090 56,453,090 67,162,359 71,876,275 76,310,940 100,354,298 0
Total - location-based 56,876,161 57,059,362 67,679,362 72,883,616 77,345,162 101,678,341 1,212,351
Total - market-based 57,059,362 NA 67,978,562 72,590,502 77,148,642 101,426,213 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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