Posted on 07/27/2020 10:30:40 AM PDT by Red Badger
BMW execs can now save the planet and their paychecks at the same time
German giant BMW on Monday said executive pay would in future be tied to meeting strict targets aimed at lowering the luxury carmaker's carbon emissions.
Speaking to reporters in Munich, chief executive Oliver Zipse said BMW wanted to reduce CO2 emissions by millions of tonnes a year by 2030 as part of its "very clear commitment" to the Paris climate agreement.
"We will report on our progress every year and measure ourselves against these targets," Zipse said.
"The compensation of our board of management and executive management will also be tied to this."
He did not go into details about how the climate goals would affect pay, saying only that they would have a noticeable impact.
Like other carmakers, BMW is under pressure to make its fleet greener in order to comply with tough new EU pollution regulations.
Zipse said the group aimed to sell seven million electric or hybrid vehicles by 2030, up from 500,000 sold by the end of 2019.
The carmaker has no plans however to ditch the traditional combustion engine or gas-guzzling SUVs "so long as there's a market" for them, Zipse said.
As part of its climate push, Zipse said BMW aimed to make a vehicle's "entire lifecycle" more environmentally sustainable, from supply chains to production to how the car performs on the road, with the goal of slashing emissions per car "by at least one third" by 2030.
This would be achieved through measures such as using renewable energy at production sites, more recycling, looking at the carbon footprint of suppliers and by offsetting any remaining CO2 emissions.
Turning to the car industry's coronavirus woes, Zipse said BMW had a "relatively good" month in June as countries emerged from lockdown and showrooms reopened.
But he added that it would be "naive" to think sales would climb back to pre-pandemic levels anytime soon.
"We are going to experience a difficult autumn," he warned.
Brilliant!/s
Overpriced poorly constructed kraut krap.
Maybe BMW should first concentrate on creating cars and motorcycles that aren’t unreliable money pits. Just a thought.
In other words, they are looking for an excuse to cut salaries.
BLAH , soon everyone will have to Bike or Walk in the EU anyway
That’s gonna make for some great cars. /s
You nailed it.
I’ll keep driving my Hemi Ram thank you very much.
“Here’s your kool-aid.....”
“BMW, Daimler and VW charged with collusion over emissions”
Trust us!
So instead of ZPG it’s now ZCU. Zero carbon use. Will workers be disallowed from exhaling while at work? Will all materials be natural? You know, tires, lubricants, pleather seats, glass, sheet metal. If not then you are all subject to “How Dare You” lectures. Now, where did I put those naturally occurring batteries. (Will the savings be funneled to BurnLootMurder folks?)
Like my Z4...................
I have a Ram and a Z4..........The Ram is very reliable..............The Z4................well..............
Scotty Kilmer agrees!
I wish he wouldn’t wave his arms around so much.
So much for “the ultimate driving machine.”
They ARE great driving cars. Just not for long.
Mine is the ‘Ultimate Sitting Machine”..................
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