Porsche Automobil Holding

RATING

SECTOR

AUTOMOBILE

WEBSITE

CONTACT

Dr. Ing. h.c. F. Porsche AG

Porscheplatz 1

D – 70435 Stuttgart

T: (0711) 911 – 0

F: +49 (0) 711/ 911 – 25777

STOCK EXCHANGE

LISTING

  • CDAX, General All Share
  • Dow Jones Automobile & Parts
  • Titans 30 Index
  • MSCI Euro Index
  • STOXX Europe 600 Index,

EMPLOYEES

32,325

CHIEF SUSTAINABILITY OFFICER

Dr. Sebastian Rudolph

AWARDS

    • US News and World Report Best Luxury Brand  2020
    • Kelley Blue Book Best Resale Value: Luxury Brand
    • More

CONTENT SOURCE

FURTHER READING

Porsce Automobil Holding

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Porsche Automobil Holding SE is a Germany-based holding company engaged in the automobile manufacturing industry. The Company is engaged in the holding and managing of its investments in Volkswagen AG, through which the Company manages twelve motor brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. In addition, the Company is also active in parts distribution, after sales and invests in the automotive value chain, this comprises the spectrum of basic technologies geared to supporting the development and production process through to vehicle- and mobility-related services. The Company operates one wholly owned subsidiary, Porsche Beteiligung GmbH, and one majority owned subsidiary, Volkswagen AG.

Company Sustainable Activity

Sustainability is a top priority for Porsche. Sustainability is therefore a key cross-cutting issue in the Porsche Strategy 2025. ­Responsibility for this lies directly with the Chairman of the Management Board. The aim is very clear: Porsche wants to be the most sustainable sports car manufacturer in the premium segment. Consequently, the issue of sustainability is firmly embedded throughout the company and broken down into four core action area:

– Business & Customers

– Product Responsibility

– Environment & Energy

– Employees & Society

In autumn 2015, the General Assembly of the United Nations adopted its seventeen ­Sustainable Development Goals (SDGs). The SDGs are at the heart of the 2030 Agenda for Sustainable Development, the aim of which is to reconcile economic progress, social ­justice and environmental compatibility. The company is focusing on SDG 4, SDG 8, SDG 9, SDG 11, SDG 12, SDG 13, and SDG 17. 

Certificates

ISO 14001 (Environment Management) , ISO 50001 (Energy Management), EMAS (Eco-Management and Audit Scheme)

Sustainable Development Goals

How company covers SDGs

SDGs:

  • SDG 4 Quality Education – For Porsche, education is the key to sustainable development. This is why the company ­offers its trainees and staff an exceptionally ­diverse programme of vocational and professional training, giving every single employee the ­opportunity to engage in systematic ­training ­tailored to their needs. Internationally too, ­Porsche is heavily committed to education and science, not least through its Porsche Training and Recruitment Centers in Manila and South Africa, and its Mobile Education Training and Resource Units (METRU), a joint project with UNICEF.
  • SDG 8 Decent Work and Economic Growth – Creating jobs and respecting human rights along the entire supply chain are prerequisites for value-creating, sustainable growth. ­Porsche not only assumes responsibility for its employees and invests in their future, it also imposes strict, internationally recognised standards on its suppliers in the area of social and human rights. In this way, Porsche ­supports humane working conditions while categorically rejecting any form of forced or child labour.
  • SDG 9 Industry, Innovation and Infrastructure – Porsche is synonymous with innovative products and services, and the theme of mobility of the future is a top priority. By expanding a high-performance charging infrastructure for electric vehicles, permanently working to find innovative solutions, and trialling digital ­technologies and future trends, the company is playing an instrumental role in this field.
  • SDG 11 Sustainable Cities and CommunitiesSports car production at the main plant in Zuffenhausen is located in a mixed-use zone, surrounded by residential areas. Consequently, the company is directly confronted with the challenges posed by increasing urbanisation. This is another reason why Porsche feels a sense of duty to actively contribute to the sustainable development of cities by providing smart solutions. Resource-efficient production processes and products, as well as techno­logical and social innovation, are the key factors for the company in this regard.
  • SDG 12 Responsible Consumption and ­Production – As well as consistently working to create en­vironmentally sound products that use fewer ­resources, Porsche is also constantly developing efficient, environmentally compatible ­production processes. The economic, eco­logical, sociocultural, functional and technical ­process qualities all play a central role. Meanwhile, the company sees it as just as important that internationally accepted rules governing health and safety and environmental protection are upheld. Ethical considerations and standards take precedence along the entire Porsche supply chain as the overriding sus­tainability requirements.
  • SDG 13 Climate Action – Porsche is embracing the challenge of pushing technological boundaries, reducing fuel ­consumption and developing innovative drive systems. The conservation of raw materials and energy is another huge priority. The company now uses 100 per cent green energy to supply the power needed for production. In 2019, ­Porsche’s first fully electric sports car, the ­Taycan, is due to leave the production line in Zuffenhausen. The production process for this model is carbon neutral. Meanwhile, the ­company is consistently cutting levels of CO₂ emissions from its own fleet. As its development of hybrid and electric models gathers pace, ­Porsche is making an important con­tribution to global ­climate protection and to improving air quality in cities.

SDG 17 Partnerships for the Goals – Sustainable mobility solutions and a livable world for the future can only be created by working together. This is why a process of permanent exchange with stakeholders and the strengthening of partnerships are two of the main goals of Porsche’s sustainability strategy. The company is actively involved in a range of networks and is committed to sustainability initiatives. Through these collaborations, ­Porsche is supporting the transfer of knowledge for ­innovative and future-oriented ­approaches shaped around sustainability.

Progress

Four Core Action Areas:

  • Business & Customers – The “Business & Customers” action area covers the following topics identified in the 2017 ­materiality analysis: “long-term economic ­stability”, “long-term customer relations”, “compliance”, “responsibility in the supply chain” and “digital transformation”. 
  • Product Responsibility – The Product responsibility action area covers the topics identified in 2017’s materiality ­ana­lysis, namely “Vehicle safety”, “Fuel consumption and vehicle emissions”, “Materials and sustainable raw materials” and “New ­mobility concepts”
  • Environment & Energy – The “Environment and Energy” action area constantly reviews the themes identified in the 2017 materiality analysis: “energy and emissions during production”, “environmentally compatible logistics” and “resource consumption during production”.Energy, Emissions and Resource Consumption During Production – In ­Porsche’s 2017 materiality analysis, the ­Porsche stakeholders who are impacted ­directly or indirectly by the company’s activities assign a great deal of importance to ­“energy and emissions during production” and ­“resource consumption during production”.
  • Environmentally conscious and energy-efficient activity at all sites and across all levels is an essential element of Porsche’s day-to-day business. A Group-wide environment and ­energy management policy continually checks all work processes along the entire value chain with regard to their ecological impact and any irregularities. A dedicated Group guideline defines standardised procedures and responsibilities within the Porsche Group. The energy and environment management policy covers emissions (air/noise) and soil protection, dealing with contaminated sites, hazardous materials and waste, as well as emergency preparedness, water and nature conservation and energy efficiency. ­The strategy field “sustainability in production” in the Porsche Strategy 2025 defines short-term, medium-term and long-term measures. The “Environment and energy efficiency ­strategy” and the company’s own “Environmental policy” are additional strategic guiding principles. In addition to the official international standards for environment and energy management certifications, Porsche also carries out internal reviews of compliance with environmental and energy legislation as part of its annual system and process audits (compliance audits).Porsche strives to achieve a balanced environmental performance. Using water as efficiently as possible, through circulation systems and multiple reuse, and the careful handling of contaminated production water are important aspects in this regard. Avoiding waste, harnessing low-waste technologies and deploying sustainable disposal solutions are key elements of Porsche’s waste management concept.

     

    • Employees & Society – Under the “Employees & Society” action area, Porsche covers, among other issues, the important topics identified in the 2017 materia­lity analysis, namely “attractive employer,” “staff development,” “corporate co-determination,” and “occupational health and safety.”

Porsche A.G. has been a B rating because the certifications do not cover the entire company, they have a lot of awards, they have clear objectives, they have clear progress and they provide factual information. Additionally, the only concern is that they have not provided the data regarding their sustainability performance.

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