The automotive industry is facing significant pressure from tighter regulations on vehicle emissions and fuel efficiency, recycling of waste materials and use of hazardous substances.
Compliance can mean higher production costs and investment in new technologies, while non-compliance incurs financial penalties and loss of market trust. Geographically diverse supply chains add an extra layer of complexity. Companies that innovate and maximize efficiency will be best placed to meet regulatory requirements and excel in a competitive market.
Trucost can help automotive companies assess the environmental impacts, costs and benefits of different innovation strategies, from raw material substitutions and efficiency improvements to product end of use and circular business opportunities. We also help producers to efficiently manage environmental impacts from complex supply chains with our supply chain impact measurement – where we complete gaps in current supplier data availability with robust modelled data – and supplier engagement tools, from supplier benchmarks and engagement briefings to environmental shadow prices and scenario analysis.