Leadership Status for Continental’s Climate Strategy
- The global non-profit organization CDP has awarded the technology company leadership status in climate change mitigation for the first time
- The CDP ranking is considered the gold standard for evaluating companies according to ecological criteria
- Continental has been using green electricity in production since the end of 2020; by 2040, all production is scheduled to be carbon-neutral
Continental has once again been recognized by the global non-profit organization CDP for its efforts in mitigating climate change and ensuring water security. By improving its climate change mitigation score from B to A-, the technology company also achieved leadership status in this category for the first time. With A scores awarded to the top 1.5 percent of companies that participated in the CDP rating process, Continental has therefore established itself as a global leader thanks to its exemplary strategies and measures to limit climate change. In the area of water management, the company confirmed its performance from the previous year and once again received a score of B.
“I am delighted that we have been awarded an A- rating for our climate change mitigation efforts for the first time. This is a great achievement and shows that we are on the right track with our decarbonization strategy. Like last year, we also received a very good B rating for water security,” says Thomas Sewald, head of Group Environmental & Climate Protection.
Transparency of environmental data
The CDP ranking is considered the gold standard worldwide when it comes to evaluating companies according to ecological criteria on a scale from A to D-. Continental has participated in the annual reporting process for more than 11 years. In 2022, more than 680 financial institutions with $130 trillion in assets and 280 purchasing organizations with $6.4 trillion in procurement spending called on companies to disclose their environmental data through the CDP platform. In total, more than 18,700 companies – including Continental – responded.
The technology company has been purchasing 100 percent electricity from renewable sources for all production sites since the end of 2020. By 2040, Continental aims to make its production completely carbon-neutral. By the end of 2050, the entire value chain is scheduled to become carbon-neutral.