Groupe Renault - 2020 Universal Registration Document

149 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 02 OUR ENVIRONMENTAL COMMITMENT GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION OUR ENVIRONMENTAL COMMITMENT 2.2 The ecological challenges 2.2.1 There is now a consensus on the magnitude of environmental challenges and the urgency of finding solutions. These challenges profoundly affect all economic activities and notably mobility. Beyond the expectations of the stakeholders regarding the transport sector, the ability of Groupe Renault to propose innovative solutions also provides new economic opportunities and boosts competitiveness. The automotive industry needs to address major environmental issues: climate change related to greenhouse gas emissions, for which the P Paris COP 21 agreement has plotted an ambitious reduction path; resources, the limited availability of which implies changing P modes of production and use; health, a major concern (particularly in cities), which requires P reduction of pollutant emissions. To respond to these challenges, the Group's environmental strategy is based on three levers for transforming individual mobility, which are real drivers of competitiveness: the electric vehicle and services provided by batteries to the P energy sector, notably through their second life use and smart recharging systems which can accelerate the transition to renewable energies; the circular economy, for which the Group can rely on a complete P industrial ecosystem for recycling and remanufacturing and which constitutes, for the most strategic or critical materials, both a response to the environmental challenge and an economic asset; new electric and shared mobility services, which are designed to P be integrated into urban travel plans, providing benefits by reducing congestion, improving air quality and the efficient use of resources. These areas are fully in line with the new Renault strategic plan presented in January 2021, which provides for the launch of 10 new electric vehicles by 2025, and the transformation of the Flins site into a Re-factory, the first European circular economy plant dedicated to mobility, and the creation of the Mobilize business unit, which aims to develop mobility and energy services. Groupe Renault has undertaken to achieve carbon neutrality in Europe by 2050, and has therefore integrated into its strategic approach the ambitions for 2030-2040-2050 presented in the Green Deal for Europe, published in November 2019, which aims to make Europe the first area to commit key sectors of activity (including mobility) to a path compatible with the objective of limiting global warming to 1.5°C. The scenarios for achieving carbon neutrality by 2050 for the mobility sector that underpin this ambition have been set out for the Group in terms of the vehicle offer and powertrain mix, in terms of the outlook for battery development (chemistry, production conditions and associated services), in terms of material/materials issues and the circular economy, and in terms of operations in plants and the supply chain. In the shorter term, the Group aims to reduce the carbon footprint of its vehicles by 25% by 2022 compared with the 2010 level (see 2.2.3.A), and is committed to reducing the environmental impacts of its products throughout their life cycle from generation to generation (see 2.2.2.A). This voluntary and proactive effort is not just the result of Renault’s historical commitment to sustainable development benefiting the greatest number of people. Environmental performance has increasing financial implications and is a determining factor in the Company’s competitiveness, as demonstrated by the second pillar of Groupe Renault’s Environmental Policy. ENVIRONMENTAL POLICY OF GROUPE RENAULT Prevent and continuously reduce the environmental footprint and health impacts of our products, services and operations, integrating life cycle assessment and circular economy principles. Environmental management, transparent and responsible communication and stakeholders dialogue Climate change & energy efficiency Health and ecosystems Resources & competitive circular economy Innovative mobility systems and services Actively contribute to Groupe Renault competitiveness and to the protection of material and immaterial assets. Implement environmental management company-wide and across the value chain in order to ensure continuous improvement and compliance to regulations and to voluntary commitments. PRIORITY AREAS FOR ACTION