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Fiat named to Dow Jones’ Sustainability Indexes

by Bill Cawthon on

For the third consecutive year, Fiat S.p.A. has been recognized as a sustainability leader with its inclusion in the Dow Jones Sustainability World and Dow Jones Sustainability Europe indexes. Fiat received the maximum score (94/100), together with BMW, compared to an average of 72/100 for companies in the Automobiles sector evaluated by SAM, the investment group specialized in sustainability investing.

The prestigious DJSI World and DJSI Europe equity indexes only admit those companies judged best-in-class in the sustainable management of their businesses, from an economic as well as social and environmental perspective. For DJSI World, apart from Fiat, the only other Automobiles sector companies admitted for 2011/2012 were BMW and Volkswagen. For DJSI Europe, only Fiat and BMW were admitted.

Fiat CEO, Sergio Marchionne, commented: “The confirmation that we are among the leaders in the Dow Jones Sustainability indexes demonstrates that the values that guide Fiat’s approach to business are recognized and appreciated internationally. We consider this a very important achievement, not for the image that it might portray, but because it provides concrete proof of the system of values behind our results. What we are working toward is valid and worthy of respect and receiving this recognition spurs us to always strive for the best and maintain the highest standards.”

More specifically, Fiat obtained the maximum score in almost every area analyzed in the environmental dimension (combating climate change, product performance, logistics processes) and, in social dimension, for human capital development, stakeholder engagement, responsible supply-chain management, and initiatives for local communities. The maximum recognition was also given for risk management and the innovation process.

During 2010, Fiat achieved significant results.

On the environmental front, Fiat was named, for the fourth consecutive year, as the most eco-performing of the major brands in Europe, with its cars having the lowest average CO2 emissions levels. Fiat Powertrain completed development of the two-cylinder TwinAir that reduces CO2 emissions to as low as 92 g/km, the lowest in Europe for a production gasoline engine.

Magneti Marelli made further advances in telematic technologies that enable an ever more sustainable mobility and Centro Ricerche Fiat continued to prove itself as a center of excellence for international research projects and platforms in the areas of vehicle safety and fuel efficient technologies.

Significant gains were also made in reducing the environmental impact of production processes. For example, Fiat Group Automobiles plants worldwide achieved an 11% reduction in CO2 emissions per vehicle produced compared to the previous year.

On the social front, Fiat continued to invest in projects centered around employee health and safety. As a result of the global economic crisis, 2010 was a very challenging year and Fiat sought to manage the effects of the crisis on its employees with a profound sense of responsibility, working to mitigate the social effects to the greatest extent possible.

Fiat continued the process of sensitizing suppliers toward a more responsible management of their businesses through the dissemination of sustainability guidelines and an assessment of their level of conformity to those guidelines.

The Company also strengthened its commitment to local communities, committing €25.6 million ($35.6 million) to support economic, social and cultural development.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.


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