Sustainabilityassignment.pdf - Company Name – AckVerna...

Company Name – AckVerna Automobile Co.
Company Sector – Automotive Manufacturing
Country - Germany, Europe
Sustainability consists of fulfilling the needs
of current generations without compromising the
needs of future generations, while ensuring a
balance between economic growth, environmental
care and social well-being.
(Santander Universidades, 2022)
In Simple Words, In business, sustainability
refers to doing business without negatively
impacting the environment, community,
or society as a whole. (Spiliakos, 2018)
Corporate Social Responsibility
(CSR) is the idea that a company
should play a positive role in the
community and consider the
environmental and social impact
of business decisions. (BDC,
2022)
A number of sectors are seriously focusing on sustainability,
whether it is the Architecture & Construction industry,
consumer goods industry, automobile industry, or banks.
Developing a sustainable business model helps companies to
enhance their brand or productivity, minimize carbon risk, and
improve energy efficiency.

What are the top three sustainability
challenges in Automobile Industry?
1. Scarcity of resources
Unfortunately, 2022 is projected to be another difficult year for
automotive suppliers.
2 Geopolitical crisis like war
West European car sales were supposed to return to normal in
2022 after the Coronavirus lockdowns of 2020 caused the market
to dive nearly 25%. Meanwhile, Russia's invasion impacted badly
on exports and inflation.
Wayland, M., Cnbc (2022), p.3&4)
Example-
Instead of taking plastic bags home from the store, bring own reusable
grocery bags.
Instead of buying single-use bottled water, refill a reusable water bottle.

3. Climate change and carbon emissions
Over the past few years, climate
change has been a topic of broader
societal debate. The result has
been a substantial increase in the
burden of carbon emissions
regulations. In order to reduce
carbon emissions, car
manufacturers must reduce both
the emissions produced during
vehicle production and those
generated by the vehicles
themselves. Alternative
powertrains, such as fuel cells,
play a key role in this context.