Responsible for 37% of CO2 emissions, the transport industry, of which the automotive sector is a significant part, is at the center of the global decarbonization agenda. According to the Capgemini Research Institute, 65% of organizations have a comprehensive sustainability strategy that is mainly driven by electrification and net-zero ambition in supply chains. This is even more accelerated in Europe, where regulation prohibits the marketing of ICE vehicles from 2035.
However, a carbon-focused approach does not address the automotive value chain in its entirety. As a result, automakers are increasingly exposed to sourcing risks due to intensified battery production demands. Therefore, OEMs are now exploring the same solution: Circularity.