General Motors is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands, Chevrolet, GMC, Cadillac and Buick.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: General Motors (GM) emphasizes the importance of reducing greenhouse gas emissions as part of their broader sustainability strategy, which includes elements of CCUS.
- Investments and Developments: GM has joined initiatives like the ZEROgrid to enhance a less carbon-intensive, more reliable, and affordable grid. The company is also expanding its commitment to the First Movers Coalition, which focuses on decarbonizing high-emission sectors like steel, aluminum, concrete, and cement.
- Technological Collaboration: GM collaborates with industry leaders and organizations such as the Rocky Mountain Institute to advance their CCUS capabilities and sustainability goals.
Sustainability and Green Initiatives
- Emission Reduction Goals: GM aims to achieve carbon neutrality by 2040. The company plans to integrate the North American Charging Standard (NACS) into future EVs and expand access to more than 15,000 superchargers by 2024. GM has also committed to sourcing 100% renewable electricity globally by 2035.
- Greenhouse Gas Regulations and Policies: GM is working towards reducing Scope 1 and 2 emissions by 72% by 2035 against a 2018 baseline and has achieved 51% of this goal so far. They also aim to divert over 90% of operational waste from landfills by 2025, a goal they have already surpassed.
- Energy Transition Strategy: GM is investing in the Ultium battery platform to power a range of electric vehicles. They are also participating in the ZEROgrid Initiative and have provided significant grants to support social and environmental causes.
Key Takeaways
- GM is committed to creating a zero-emissions future and achieving carbon neutrality by 2040 through strategic investments in electric vehicles, renewable energy, and sustainable supply chains.
- The company is actively reducing its environmental footprint by improving energy efficiency, transitioning to renewable energy, and supporting innovative sustainability initiatives.
- GM’s sustainability efforts are supported by comprehensive reporting standards and collaborations with industry leaders to enhance environmental stewardship, social responsibility, and governance.
Website:
https://www.gm.com/
10-K Report:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001467858/000146785824000031/gm-20231231.htm
Sustainability Report:
https://www.gm.com/content/dam/company/docs/us/en/gmcom/company/GM_2023_SR.pdf
