{"id":7229,"date":"2024-07-23T16:43:52","date_gmt":"2024-07-23T14:43:52","guid":{"rendered":"https:\/\/stxgroup.com\/strive\/?post_type=sector&p=7229"},"modified":"2024-08-14T22:47:17","modified_gmt":"2024-08-14T20:47:17","slug":"automotive","status":"publish","type":"sector","link":"https:\/\/stxgroup.com\/strive\/sector\/automotive\/","title":{"rendered":"Automotive"},"content":{"rendered":"\r\n
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DECARBONIZING THE AUTOMOTIVE INDUSTRY<\/strong>\r\n\r\nDriving sustainability progress forward throughout the entire automotive value chain<\/h1>\r\n <\/div>\r\n <\/section>\r\n \n\n\n
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The transportation industry accounts for 28% of all US emissions, with light-duty vehicles counting for 57% <\/strong>of that. Whether you are a OEM or a supplier, achieving meaningful sustainability progress requires the commitment of everyone throughout the automotive value chain<\/strong>.

We understand the market’s challenges and have the tools to help you meet your sustainability goals and your OEM mandates. With over 20 years of experience in environmental markets and strong relationships with OEMs, suppliers, and fuel producers globally, we are uniquely equipped to help you decarbonize your operations across Scope 1, 2, and 3 emissions<\/strong>.<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n
SPEAK WITH AN EXPERT<\/span><\/a><\/div><\/div><\/div>\n\n\n\n
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Our Automotive Decarbonization Suite<\/p><\/div><\/div><\/div>\n\n\n\n

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Renewable Natural Gas (RNG) Solutions<\/h3>\n\n\n\n

Switch to RNG
<\/strong>Replace fossil natural gas in your manufacturing process and products and reduce your scope 1 emissions with minimum infrastructure investment. Benefit from a seamless management of procurement, storage , transportation, and verification of the physical gas.

Invest in RNG<\/strong>
If you do not need the physical RNG, invest in RNG projects that generate RINs. Compensate emissions from gas-powered manufacturing or goods transportation with RINs. From comprehensive management of procurement to verification, and retirement of RINs.<\/p>\n\n\n\nLearn more<\/a>\n<\/div>\n<\/div>\n\n\n\n

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Renewable Electricity Solutions<\/h3>\n\n\n\n

REC Procurement
<\/strong>Reduce your Scope 2 emissions with RECs. Simplify your renewable electricity investments with managed procurement, verification, and retirement.

Virtual Power Purchase Agreements (vPPAs)
<\/strong>Use long-term vPPAs to trace emissions reductions back to a singular generation source and have a more stable electricity cost. Benefit from managed procurement, verification, and retirement services to reduce your Scope 2 emissions.<\/p>\n\n\n\nLearn more<\/a>\n<\/div>\n<\/div>\n\n\n\n

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Beyond Value-Chain Mitigation<\/h3>\n\n\n\n

Carbon Credits
<\/strong>Invest in carbon reduction projects that mitigate your unavoidable or residual emissions and extend your sustainability efforts beyond your supply chain. Benefit from comprehensive management of procurement, verification, and retirement of your carbon credits.<\/p>\n\n\n\n<\/a>\n<\/div>\n<\/div>\n\n\n\n

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Financing The Transition<\/h3>\n\n\n\n

IRA Tax Credits
<\/strong>Reduce your corporate tax liability by participating in IRA tax incentives. Invest in U.S. renewable energy development and offset costs of renewable energy purchases and internal projects. Receive expert support in sourcing, facilitation, and contract negotiation throughout the entire transaction process.<\/p>\n\n\n\nLearn more<\/a>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

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Benefits for the customer<\/p><\/div><\/div><\/div>\n\n\n\n

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Achieve OEM Sustainability Goals<\/p>\n\n\n\n

Around 99% of an OEM\u2019s emissions are in their supply chain, meaning they can\u2019t meet their sustainability goals without the full buy-in of their value chain. Equip your operations with the necessary tools to address Scope 1, 2, and 3 emissions, aligning with your OEM\u2019s sustainability objectives.<\/p>\n<\/div>\n\n\n\n

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Gain Competitive Advantage<\/p>\n\n\n\n

Demonstrating tangible sustainability progress helps maintain a competitive edge in the market, distinguishing you from other suppliers.<\/p>\n<\/div>\n\n\n\n

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Optimize Sustainability Costs<\/p>\n\n\n\n

Leverage our financial and practical expertise to optimize the costs of your sustainability initiatives, ensuring profitability is not compromised.<\/p>\n<\/div>\n\n\n\n

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Industry Collaboration<\/p>\n\n\n\n

Collaborate with experts who actively engage with OEMs and participate in broader industry discussions. This ensures that decarbonization efforts benefit the entire automotive value chain.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Decarbonizing is not just about contributing to a sustainable; it\u2019s about enhancing your competitive position and optimizing costs.<\/span><\/div><\/div><\/div>\n\n\n\n
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Supercharge your business with a 15 minute assessment on what solution mix can help you meet your decarbonization goals.<\/h3>\n\n\n\n
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