Integrated report 2021 - reinventing inventing

Can growth be compatible with carbon neutrality?

We are convinced that our financial and non-financial performance drive each other. Now more than ever, we are taking an optimized, global approach to managing our performance. This is the mindset behind our carbon neutrality commitment, with the first major milestone for the impact of our activities in 2025. All our products and innovations meet targets for aerodynamic performance, weight saving, emission reduction, materials recycling and electrification. Our environmental goals serve as our engine of growth and a lever that further boosts the performance and commitment of the Group and all its teams. Above all, we do all this for the benefit of future generations, keeping a close eye on new trends in mobility and the likely consolidation in the market.

How is 2022 shaping up for Plastic Omnium?

Customer disruption owing to the semiconductor situation and uncertainties surrounding inflation will continue into the first half of the year. In the short term, we are doubling down on our cost control and flexibility efforts, while continuing to follow our strategy for long-term growth. We are shaping our future by providing ever more content per vehicle, by winning market share in expanding market segments, by diversifying our product portfolio to reach targets beyond the Group’s traditional customers, and by investing massively in innovation. We are also ramping up our partnership strategy, teaming up with TotalEnergies to grow the portion of recycled materials used in exterior parts, with Greenerwave to perfect a highly innovative 4D imaging radar, and with Alstom to develop onboard hydrogen solutions for regional rail services. At the same time, our teams around the world are hard at work putting into action our commitment to achieve carbon neutrality by 2050. So it is clear that Plastic Omnium is redoubling its efforts to improve the present and shape the future.