The BMW Group, a Germany-based luxury automobile manufacturer, announced that it hadset a target of producing seven million electric vehicles (EVs) by 2030, making resource efficiency and sustainability central to its strategic decisions.

The company said that it had set its sustainability goals according to the guidelines of the recognized Science-Based Targets Initiatives (SBTi), which it is likely to join. The company also added that by 2030, it aims to reduce carbon emissions per vehicle by at least one third across its entire life cycle, right from the supply chain to the end of the use.

“I firmly believe the fight against climate change and how we use resources will decide the future of our society – and of the BMW Group. As a premium car company, it is our ambition to lead the way in sustainability. That is why we are taking responsibility here and now and making these issues central to out future strategic direction,” said Oliver Zipse, Chairman of the Board of Management of BMW.

According to its press release, the automobile manufacturer plans to have 25 electrified models, with 50% of them fully-electric, on the road by 2023. The company would also carry on with its work to reduce fuel consumption of conventional drive trains to make them more efficient.

In its press statement, the company said that by 2030, it would aim to reduce 80% of carbon emissions from its production and plants from 2019 levels.

Meanwhile, Adani Ports and Special Economic Zone Limited, announced that it has signed up for SBTi to set emission reduction targets across its entire value chain. The SBTi defines and promotes best practices in a science-based target setting and independently assesses companies’ targets. Companies under this initiative get two years to have their targets approved and published by SBTi, which is a collaboration between the United Nations Global Compact, CDP, the World Wide Fund for Nature (WWF), and the World Resources Institute (WRI).

Meanwhile, Infosys, an Indian information technology company, recently signed up for ‘The Climate Pledge,’ committing to achieve net-zero carbon emissions across its businesses by 2040. The Climate Pledge is an initiative taken by Amazon and Global Optimism, a Great Britain-based company with a focus on action against climate change.

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