Integrated report 2021 - reinventing inventing

Reinventing to help people and the planet - Responsibility–carbon neutrality

Since it was first founded, Plastic Omnium has been committed to sustainable mobility. Faced with the urgency of the climate emergency, the Group is strongly committed to energy transition. Central to its strategy, Plastic Omnium’s new carbon neutrality roadmap increases the pace, gets its stakeholders involved, and defines milestones for the short, medium and long terms.

Game-changing innovations

From the beginning, Plastic Omnium has always innovated for cleaner mobility by reducing the weight of vehicle components, optimizing their aerodynamics, and developing solutions to reduce emissions. Thanks to its innovations and ability to redraw the boundaries, the Group is contributing to major advances in the automotive industry. At a time when the transportation sector is responsible for 25% of global CO2 emissions, 45% of which are from light vehicles, Plastic Omnium is re-emphasizing its commitment by getting its suppliers and customers involved. Specifically, it is perfecting innovative solutions, such as in hydrogen with over €300 million invested since 2015, and is increasing the portion of recycled materials in the parts it produces, thanks to a partnership signed with a major supplier.

Working together for overall performance

Plastic Omnium is ramping up its commitment to the environment. In 2021, it was granted Platinum status by EcoVadis and awarded a B rating for its response to the Climate Change questionnaire from CDP, a body recognized for its environmental ratings. As part of its ongoing drive for a step change, Plastic Omnium is aiming for carbon neutrality in 2050, with the first key milestones coming in 2025 and 2030. In line with the Business Ambition for 1.5°C from the Science-Based Targets initiative, the Group’s strategy involves all its teams around the world by giving non-financial performance a more important role in overall performance.