Renault is a publicly listed auto manufacturer headquartered in Boulogne-Billancourt, France. In 2019 it had US$62.2 billion in revenue and sales of over 3 million vehicles. Renault primarily manufactures cars in the EU and Russia which are also its primary sales markets. Its alliance with Nissan allows each company to focus on specific regions.
- Total score
- Assessment Note
Renault received a full ACT assessment in 2019.
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Sold product performance
However, the company’s ‘sold product performance’ – on vehicle in-use emissions – has worsened. This is partly due to the faster rate of emission reductions required under the pathway applied for this assessment, but also likely related to slow increase in sales of low-carbon vehicles. The company’s share of low-carbon vehicle sales has increased from 0.5 percent in 2014 to 2.1 percent in 2019, but still significantly behind the 6.1 percent required by Renault’s decarbonisation pathway. Also, sales of larger, heavier vehicles have increased over the assessment period.
Renault’s low-carbon transition is also undermined by a lack of transparency on financial aspects of its low carbon transition planning and on the scenario analysis results applied in its planning. Little evidence was found on business models beyond manufacture and sales of passenger vehicles, such as mobility services and low carbon infrastructure development activities. Renault has put in place some strong foundations for the transition, but it is not clear how this progress will be maintained over the coming decade.
More about the company
- Ownership structure
- Publicly listed
- Revenue (2019)
- US$62.2 billion
- Number of vehicles sold (2019)