Assessing carbon readiness in the automotive sector: Insights from a new study

THE automotive sector needs to be carbon neutral and decarbonise with exports going abroad to be competitive.

- PHILIPPA LARKIN

Nedbank and Naacam have done a study to determine carbon readiness in the automotive sector. The survey sought to assess industry awareness of local and global sustainability regulations, the current capacity to measure and reduce carbon emissions and water usage, and the type of support required to meet evolving sustainability expectations.

The study 67.9% of respondents indicated that they have some export-related component sales, with EU and UK being the most served export markets. The reliance on particularly European and UK markets is critical to note, as these markets are the most regulated in terms of carbon emission reduction.

The study looked at decarbonisation as a business strategy.

It asked respondents if a company familiar with current sustainability trends and carbon regulations. Respondents answered that 32.1% were very familiar, while 35.7% were moderately familiar.