Audi Tops ESG Ratings Among Car Manufacturers with Industry-Leading Score from ISS ESG

Audi has claimed the top spot in the automotive industry for environmental, social, and corporate governance (ESG) performance, achieving a B– rating from ISS ESG. This rating reflects Audi’s consistent improvement and leadership in the industry for the 2023 financial year.

Audi voluntarily participated in the rigorous ESG rating process by ISS ESG, demonstrating its commitment to transparency and comparability across the automotive sector. “Our goal is to be among the best in our industry,” said Jürgen Rittersberger, Member of the Board of Management of AUDI AG. “We are convinced that a good sustainability performance will improve our corporate value in the long term and help to future-proof Audi.“

The ISS ESG rating evaluates over 100 criteria, with 60% of the score based on environmental factors, 32% on social aspects, and 8% on corporate governance. Audi excelled in areas such as fleet fuel consumption, vehicle lifecycle analysis, and sustainability standards in the supply chain.

Audi’s efforts to achieve net carbon neutrality by 2050 were highlighted as significantly above the industry average. The company offers a range of all-electric and hybrid vehicles and has implemented robust measures for responsible sourcing of raw materials. “We started from here and continued to improve,” added Rittersberger, reflecting on the insights gained from the previous year’s rating.

The high ESG rating is crucial not only for financial analysts and investors but also for customers, partners, employees, and local communities who prioritize sustainability. Audi integrates sustainability targets into executive remuneration and maintains a comprehensive code of conduct and compliance measures.

The 2024 rating underscores Audi’s dedication to minimizing environmental impact and positively influencing society. Continuous efforts include resource conservation, promoting equal opportunities, and improving working conditions throughout the supply chain.