Continental : CDP Honors Continental for Performance on Climate Change Mitigation
February 09, 2022 at 11:09 am EST
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February 09, 2022
CDP Honors Continental for Performance on Climate Change Mitigation
In 2021, Continental again received an "A" rating from CDP for actions and strategies to reduce emissions in the supply chain for the fourth time in a row. Continental is among the eight percent of companies that have been recognized as "Supplier Engagement Leader". More than 13,000 companies and organizations were evaluated.
Every year, the international non-profit organization CDP assesses the climate data of companies on behalf of investors and scores them on a scale from A to D-.
Continental has been participating in the CDP's annual reporting and disclosure of climate-related data for more than 10 years. This leads to a public rating. In addition to the "A" rating in the supply chain area, the company achieved a "B" rating for its efforts in the field of climate change mitigation. In the category of sustainable water management, Continental's actions and data also scored a "B."
Since the end of 2020, Continental has been using electricity from renewable energies at all production sites. By 2040, the company plans for its production to be CO2 neutral. By the end of 2050, the value chain should also be CO2 neutral.
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Continental AG published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 16:08:08 UTC.
Continental AG specializes in the design, manufacturing, and marketing of tires and automotive equipment. Net sales break down by family of products as follows:
- automotive systems (49%): basic brakes (No. 1 worldwide), electronic braking circuits (No. 2 worldwide), chassis components, control systems, etc.;
- tires (33.4%): automobile, motorcycle, light, industrial and farm trucks tires, etc.;
- technical elastomers (17.6%): products made of rubber (belts, tubing, and hoses), plastic materials for the automotive, railroad, mining, and similar industries.
Net sales are distributed geographically as follows: Germany (19.1%), Europe (29.4%), North America (26.6%), Asia (20.7%) and others (4.2%).