Emissions from European truck manufacturers are 50% higher than they declare to investors, the NGO network Transport & Environment (T&E) revealed in a study published on Monday 29 April.
Investments in Europe’s leading truck manufacturers - Scania, MAN, Renault, Volvo, Mercedes-Benz, DAF and Iveco - are more carbon-intensive than oil, steel and cars. With the corporate reporting obligation for investors coming into force this year (see EUROPE B1338821), T&E is calling on all truck manufacturers to switch to zero-emission models as quickly as possible to avoid becoming portfolio “carbon bombs”.
T&E’s analysis shows that Mercedes-Benz and DAF fail to report on their scope 3 emissions entirely and as a result report just 0.1% to 0.2% of their overall emissions. Iveco only reports around a third of its emissions, while Renault and Volvo also underestimate their emissions. MAN and Scania’s reporting is correct.
Read the study: https://aeur.eu/f/c08 (Original version in French by Anne Damiani)