AVL Focus - Issue 2024

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COVER STORY

We Owe It

to the Planet

AVL’s Sustainability Strategy

AVL has always played a significant role in making mobility

more efficient and more resource friendly. However, in light

of advancing climate change and increasing environmental

awareness in society, a deeper transformation is

essential. To this end we have developed a comprehensive

sustainability strategy aimed at consistently aligning and

sustainably promoting economic, ecological, and social

interests.

Sustainable Is the New Profitable

For AVL, this means thinking about competitiveness and

sustainability together and taking responsibility along the

entire value chain. It is about better understanding the impact

of our business practices and designing our solutions in such

a way that they not only meet but exceed our stakeholders’

expectations of sustainable action.

From ESG to EESG

In our sustainability strategy we have expanded the globally

recognized ESG criteria (Environmental, Social, Governance)

by adding a second “E” for “Economic”. These four dimensions

are at the core of numerous sustainability aspects. At AVL, our

goal is to com�ine t�ese as�ects �armonio�sly and find t�e

best possible solution for each dimension.

Net Zero by 2039

The European Union’s Green Deal, which aims for net-zero

greenhouse gas emissions by 2050, is the foundation of

our new sustainability strategy. But our ambitions and the

expectations of our customers already go far beyond this.

Our main goal is to achieve net-zero emissions by 2039.

To accomplish this, we are assessing our current product

portfolio and aligning future offerings with strict sustainability

criteria. Thus, we are not only reducing our own ecological

footprint, but we are also supporting our customers with the

realization of measurable and sustainable success for the

environment and society.

�y ���� we aim to generate more t�an ���� o� o�r reven�e

from technologies that have a positive impact on the climate.

With this focus, we are not only securing the long-term

economic success of AVL, but also opening up new business

fields and mar�ets.

Beyond the Present and the Future

From 2040, we will be setting new standards by going beyond

our own net-zero targets. Through the development and use

of the latest carbon removal technologies, we are laying the

foundation for offsetting the negative environmental impacts

of the past and further transforming our value chain.

Shaping Transformation Through New Skills

As our portfolio evolves, so does the technological expertise

of our employees. Sustainable technologies are at the heart

of our innovations and create new areas of expertise. These

sustainable skills are the key to continuing to shape the future

of mobility and beyond at AVL and actively driving change in

our industry – because “We owe it to the planet”.

“Our main goal is to

achieve net-zero

emissions by 2039.”

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2024

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