BMW Reduces Vehicle Fleet Carbon Emissions by 9% in 2022

Mark Segal January 26, 2023

Automotive manufacturer BMW Group reduced its EU fleet-wide CO2 emissions by more than 9% in 2022, according to preliminary emissions intensity estimates released by the company today.

According to the company’s estimate, fleet emissions reached 105 grams per kilometer, or 9.4% below 115.9 grams in 2021.

The company said that the reductions were largely driven by a shift in sales to electric vehicles (EVs), as well as by increases in vehicle efficiency. BMW’s sales of fully electric vehicles more than doubled in 2022, exceeding 215,000 units.

The achievement follows BMW’s announcement in 2021 of an expansion of its efforts to combat climate change, including goals to significantly reduce vehicle emissions throughout the lifecycle, reduce CO₂ emissions by 40% per vehicle by 2030, and make a minimum of 50% of its global sales from battery electric vehicles by 2030.

BMW indicated that it expects significant near-term growth in its EV sales, with a goal for fully-electric vehicles to reach 15% of total sales in 2023, up from slightly under 9% in 2022.

CO2 reduction across our EU fleet.
With emissions of 105 grams per km, we lowered our EU fleet-wide emissions by more than nine percent from 2021 to 2022 — based on our preliminary internal calculations: https://t.co/F03210Kgj0 #BMWGroup pic.twitter.com/IV1iAUWl34
— BMW Group (@BMWGroup) January 26, 2023

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.