Below is an excerpt from ISS ESG’s thought leadership paper “The Future of Mobility: Potential and ESG Challenges of Alternative Drives.” The full paper is available for download from the Institutional Shareholder Services (ISS) online library.
The transport sector is responsible for a quarter of global greenhouse gas emissions, as well as related environmental and social challenges such as air pollution and noise emissions. This is fueled by the continued use of combustion engines in passenger transport. Against this background, there is increasing regulatory and economic pressure on producers of automobiles, buses, trains, and component suppliers to reduce the emissions of their products and develop sustainable mobility solutions. Alternative fuel vehicles powered by alternative drive technologies – namely, electric and fuel cell vehicles – are crucial to reduce emissions in the passenger transport sector. But these technologies also come with their own set of challenges.
Felix Bittner, Junior Analyst, ISS ESG
Katharina Gallowski, Senior Associate, ISS ESG
Christopher Kuales, Senior Associate, ISS ESG
Reinhold Windorfer, Associate Vice President, ISS ESG