The communication from Stellantis, an international car manufacturer, is a good example of the application of the European taxonomy.
Stellantis uses the technical criterion of taxonomy for the low-carbon transportation technology manufacturing sector. This sector covers the manufacture, repair, maintenance, refurbishment, conversion and upgrading of low-carbon transport vehicles, rolling stock and ships. The taxonomy regulation classifies these activities as enabling activities.
In its 2022 annual report, the company has included a “Taxonomy Disclosure” section. As required by the taxonomy regulation, Stellantis details its calculation methods, its adherence to the “Do Not Significant Harm” principle and its compliance with minimum social law guarantees. In particular, Stellantis analyzes the proportion of its activities relating to electric and low-carbon vehicles.
In doing so, the company can state that in 2022, if 92.4% of its economic activities were eligible for the taxonomy, it considers that 7% of its sales were effectively aligned with the green classification. This represents 12.5 billion euros out of total sales of 179.5 billion euros.
Similarly, Stellantis estimates that in 2022, 99% of its capital expenditure was taxonomy-eligible, but only 22% of its CAPEX was taxonomy-aligned. This represents 2 billion euros out of a total CAPEX of 9 billion euros.