GCC/Africa: The initial of a two-component Environmental, Social and Governance (ESG) Intelligence report, manufactured by Oxford Organization Team (OBG) in partnership with Standard Motors (GM), explores the essential purpose that electric automobile (EV) generation could perform in chopping carbon emissions and creating viable sustainable mobility remedies throughout Africa and the Middle East.
Titled “Gearing up for the inexperienced automotive transition”, the to start with report focuses on the environmental part of ESG. Overseen by OBG’s ESG Intelligence division, the assessment charts the seismic shifts underneath way in the global automotive marketplace, and the implications for production and intake in Africa and the Middle East in an simple-to-navigate and available structure, supported by facts and infographics.
The position of research and advancement (R&D) things to do in producing the technologies and improvements demanded for very low-carbon and zero-emission motor vehicles are amid the other subjects explored.
The ESG Intelligence report also considers the value of making sure EVs and automatic cars (AVs) meet up with the expectations of consumers, with security, reliability and affordability amid the standards necessitating gratification. It also notes the value of making certain that related infrastructure progress, these kinds of as EV charging services, keeps tempo with car or truck output in markets across the Center East and Africa.
In addition, subscribers will find coverage of the probable for EV and AV technologies to be built-in into the region’s smart metropolis developments, thus encouraging to reduce the two emissions and site visitors congestion. Below, the report features a circumstance review of how environmentally friendly automatic taxis could revolutionise transportation in Dubai.
The report is made up of in-depth coverage of GM’s sustainability journey, tracking the strides that the multinational automotive manufacturing firm has made in building and commercialising EVs and AVs. It also maps out GM’s evolving footprint throughout the Middle East and Africa, both equally of which are crucial locations for the manufacturer’s environmentally friendly growth options.
The ESG examination features an job interview with Luay Al Shurafa, GM’s President and Managing Director, Africa & Center East in which he talks about how the company is prioritising inclusive local climate options as it targets a zero-emissions, all-electric powered future.
“Our dedication to this listed here in the Center East is evidenced by our goal of a 95% reduction in our annual operational carbon footprint in the UAE and our system to start 13 EVs in the location by 2025.. In the UAE, by 2035, we will have reduced our CO₂ emissions by additional than 24,000 metric tonnes, and we are arranging to make all our world-wide products and functions carbon neutral by 2040,” Al Shurafa claimed.
“Working with Oxford Enterprise Group to generate GM Africa and Center East’s 1st-at any time ESG report has been a worthwhile encounter and alongside one another we have developed a compelling perception into the progress and possible for assisting accelerate sustainability in the automotive industry in Africa and Middle East,” he extra.
Jana Treeck, OBG’s Taking care of Director for the Center East, said the report pointed to a beneficial outlook for automotive players that were being shifting the aim absent from interior combustion motor car revenue and working to zero-emission automotive output.
“The environmentally friendly transition in the automotive industry is attaining tempo all over the world, bolstered by new laws and a growing perception of urgency around emission reduction goals,” Treeck said. “With a good deal additional however to do, the chances for stakeholders to play a crucial section in curtailing carbon emissions across the Center East and Africa, and make production procedures much more sustainable in an era of green progress, are big.”
“Gearing up for the green automotive transition” varieties component of a sequence of tailor-made scientific studies that OBG is now generating with its associates, like ESG Intelligence and Future Readiness studies, and other really related, go-to research equipment, these kinds of as sector-distinct Expansion and Recovery Outlook content articles and interviews. The second aspect of this ESG Intelligence report, manufactured in partnership with GM, will aim on the social and governance areas of ESG, and will be released afterwards this calendar year.
The ESG Report is now offered to look at and down load at: https://oxfordbusinessgroup.com/information/report-street-zero-emission-automotive-market-center-east-and-africa
About Oxford Enterprise Team
Oxford Business Group (OBG) is a worldwide investigation and advisory enterprise with a existence in about 30 nations around the world, spanning the Center East, Africa, The Americas and Asia. It is recognised internationally as a unique and highly regarded company of on-the-floor intelligence on world’s quickest-increasing markets, termed The Yellow Slice, in reference to OBG’s company colour.
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