japanja
Exhaust-ive engagement: persuading carmakers to decarbonize

Exhaust-ive engagement: persuading carmakers to decarbonize

05-12-2019 | インサイト

Decarbonizing the auto industry can significantly lower greenhouse gas emissions. Robeco belongs to an engagement program that encourages carmakers to switch to zero-carbon models such as electric vehicles.

  • Cristina Cedillo Torres
    Cristina
    Cedillo Torres
    Engagement Specialist
  • Carola van Lamoen
    Carola
    van Lamoen
    Head SI Center of Expertise

Speed read

  • Robeco funds research by the Transition Pathway Initiative
  • Engagement assesses preparedness of high-carbon firms
  • Only 9% of companies have targets in line with 2 degree scenario

The Transition Pathway Initiative (TPI) was launched by the UK Environment Agency and the Church of England in 2017 to assess the preparedness of high-carbon producers – including the automakers – for moving to a low-carbon economy. It is backed by asset owners and asset managers, including Robeco, which helps to fund its research.

“There is still a lot that carmakers need to figure out in the short term, but overall the direction of travel is certainly towards a low-carbon world, to which carmakers have to adapt,” says Engagement Specialist Cristina Cedillo Torres, who is working with TPI on this project.

“According to the latest TPI report, ‘Management quality and carbon performance of transport companies’, the quality of governance around climate-related issues among carmakers is improving. This signals an increased level of awareness and responsiveness to climate-related issues in corporate boards. However, the research also finds that only two out of 22 (9%) companies assessed have set emissions reduction targets that are aligned with low-carbon scenarios by 2030.”

最新の「インサイト」を読む
最新の「インサイト」を読む
配信登録

A major contributor to warming

“They are one of the sectors that are most under the eye of the regulator; the transition to building lower-emissions vehicles is mostly regulatory driven. The transportation sector is a major contributor to global warming – passenger vehicles account for about 7% of global CO2 emissions (12% in the EU), and about 45% of world oil demand.”

“For regulators who want to tackle climate change – plus other issues such as air pollution, traffic and road safety – this is therefore one of the key sectors that needs to be addressed. This is not only from the emissions perspective, but also from an overall mobility perspective on how people can go from A to B in a way that is less impactful to the environment and to society.”

“Carmakers have to take that into account in their business models, where they need to not only work on cars that are lower in emissions, but also on other trends in the industry and wider society.”

Some successes already

The engagement work is already seeing some successes. “We had a few breakthroughs earlier this year,” says Cedillo Torres. “Two major carmakers have set a long-term ambition of achieving net zero emissions by 2039 and 2040 respectively.”

“One of them went as far as to bet on a single drivetrain technology – the only carmaker so far to have done that. There are many different technologies, such as hybrid, plug-in, fuel cell and battery electric, but in order to be successful, you need to be able to focus your capital. This company has chosen to focus on battery electric vehicles and has committed substantial capital expenditure to this technology over the next few years.”

In a question and answer session, Cedillo Torres updates investors on the work that Robeco is doing in this arena, as part of a wider commitment to combating climate change and meeting the goals of the Paris Agreement.

重要事項

当資料は情報提供を目的として、Robeco Institutional Asset Management B.V.が作成した英文資料、もしくはその英文資料をロベコ・ジャパン株式会社が翻訳したものです。資料中の個別の金融商品の売買の勧誘や推奨等を目的とするものではありません。記載された情報は十分信頼できるものであると考えておりますが、その正確性、完全性を保証するものではありません。意見や見通しはあくまで作成日における弊社の判断に基づくものであり、今後予告なしに変更されることがあります。運用状況、市場動向、意見等は、過去の一時点あるいは過去の一定期間についてのものであり、過去の実績は将来の運用成果を保証または示唆するものではありません。また、記載された投資方針・戦略等は全ての投資家の皆様に適合するとは限りません。当資料は法律、税務、会計面での助言の提供を意図するものではありません。

ご契約に際しては、必要に応じ専門家にご相談の上、最終的なご判断はお客様ご自身でなさるようお願い致します。

運用を行う資産の評価額は、組入有価証券等の価格、金融市場の相場や金利等の変動、及び組入有価証券の発行体の財務状況による信用力等の影響を受けて変動します。また、外貨建資産に投資する場合は為替変動の影響も受けます。運用によって生じた損益は、全て投資家の皆様に帰属します。したがって投資元本や一定の運用成果が保証されているものではなく、投資元本を上回る損失を被ることがあります。弊社が行う金融商品取引業に係る手数料または報酬は、締結される契約の種類や契約資産額により異なるため、当資料において記載せず別途ご提示させて頂く場合があります。具体的な手数料または報酬の金額・計算方法につきましては弊社担当者へお問合せください。

当資料及び記載されている情報、商品に関する権利は弊社に帰属します。したがって、弊社の書面による同意なくしてその全部もしくは一部を複製またはその他の方法で配布することはご遠慮ください。

商号等: ロベコ・ジャパン株式会社  金融商品取引業者 関東財務局長(金商)第2780号

加入協会: 一般社団法人 日本投資顧問業協会