SOURCE: General Motors
DETROIT, November 14, 2012 /3BL Media/ – General Motors released an interim update to its inaugural sustainability report, including updates and analysis, along with regional metrics for environmental commitments, product quality, material issues and disclosure.
“Sustainability is an important part of our success as a company – increasing efficiency of our operations to improve our bottom line while driving top-line growth through vehicles that meet customer needs,” said GM Chairman and CEO Dan Akerson. “This report provides insight on how we are helping address global challenges and delivering value through a long-term commitment to safety, quality and environmental and social responsibility.”
New report features include:
GM has realized year-over-year gains against all of its 2020 environmental goals, from water conservation and renewable energy to emissions reduction. The following operational and vehicle successes are detailed in the report:
GM delivered these results while maintaining a strong balance sheet. It has now recorded 11 consecutive quarters of profitability for the first time in more than a decade. A key factor for success has been leveraging investments in sustainable innovation like the Chevrolet Volt – the world’s best-selling plug-in vehicle – and core technologies that will drive even higher-volume vehicle electrification by expanding sales of the Volt to China and Australia and with new vehicles such as the Impala with eAssist, Chevrolet Spark EV, Cadillac ELR, and Opel Ampera in Europe.
“As a profitable business, we’re able to do more, be proactive and maintain a long-term perspective,” said Akerson. “Our commitment to sustainability is critical to profitability because re-shaping our business, brands and culture is not only for our stakeholders today, but for future generations as well.”
The report covers the latest sustainability updates in key areas of GM’s business model to design, build, and sell the world’s best vehicles and create a self-sustaining cycle of reinvestment. The report includes data from late 2011 to mid-2012, while all metrics refer to the calendar year ending Dec. 31, 2011. With a baseline set from GM’s inaugural sustainability report earlier this year, the update includes 2011 data and enables a normalized cadence of reporting going forward.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
KEYWORDS: General Motors, sustainability, csr, Automaker, initatives, Innovation, operational sustainability