Stellantis announced a comprehensive plan for its Circular Economy business unit. The initiative will make it possible to obtain over 2 billion euros in revenues by 2030 and to achieve the company's ambitious decarbonization goal of eliminating net carbon emissions by 2038.
The new organizational unit is one of seven growing business units announced in the Dare Forward 2030 strategic plan. The Circular Economy business unit envisages its rigorous 360-degree approach expanding based on the 4R (reman, repair, reuse, and recycle) strategy. The goal is to fulfill the ethical responsibilities of the company and increase the financial value of Stellantis.
"Stellantis is committed to creating a sustainable and profitable business based on circular economy principles in the markets in which we operate," said Alison Jones, Senior Vice President of Stellantis' Circular Economy business unit. "Knowledgeable colleagues and trusted partners run our current businesses. Thanks to the approach based on the 4Rs, we are implementing various initiatives rigorously, increasing our teams' skills and developing the facilities' potential. We want to create an efficient and integrated ecosystem to manage the scarcity of materials and simultaneously achieve the goal of zeroing net carbon emissions. "
The Circular Economy business unit's primary goal is to extend the life of the cars and components as much as possible. At the same time, the department aims to reintroduce end-of-life materials and cars into the production flow of new vehicles and products. This methodology conforms to the principles of "Design for the circular economy," which are the basis of the new Citroen OLI [all-e]. This multifunctional family vehicle concept car uses lightweight, recycled materials and adopts sustainable manufacturing processes. The methodology aims to extend durability and enhance end-of-use recyclability.