BMW and Codelco Set Up Responsible Copper Initiative
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BMW Blog reported that with the increased demand in the electrified car sector, carmakers need to make sure that the materials used in the manufacturing process are responsibly attained, without harming the environment even further. BMW is once again at the forefront of eco-friendly efforts, the Bavarian company setting up a new project alongside Chilean copper mining company Codelco, aiming at proving the industry with a sustainable and transparent supply of copper.
From the mining of the metal to installation in the automobile, Codelco and the BMW Group will form the start and end point in the copper supply chain and thus create the preconditions for new standards in sustainable copper processing. The aim of the Responsible Copper Initiative is to achieve a commitment to ecological and social responsibility in the copper industry. Further objectives of the cooperation are the development of core indicators, which measure advancements in sustainability activities, as well as a productive collaboration with stakeholders.
Mr. Thomas Thym Head of BMW Group Strategy Purchasing and Supplier Network said that “Copper is and remains a very important raw material in the automotive industry. Therefore, we are very pleased to have the opportunity together with Codelco to be able to advocate sustainable standards in the copper supply chain. From the BMW Group’s viewpoint, this is a further significant milestone in our strategy for sustainability in the supply chain.”
Mr. Patricio Chávez, Codelco Vice President of Corporate Affairs & Sustainability said that “We appreciate the importance of working together with BMW Group’s value chain and believe that this agreement will be a powerful driver for Codelco and the mining industry to continue to strengthen our social license to operate. It is an inspiration to advance towards a future in which our products will be valued not only for their intrinsic mineral qualities, but also for a production process that promotes environmental protection, gender equality, the generation of shared value, ethical business practices, transparency, fairness and local job creation, among others.”
In 2017, the BMW Group purchased 42,000 tonnes of copper with a value of more than 200 million Euros. As one of the world’s leading manufacturers of electric vehicles the BMW Group will be offering 25 electrified models in 2025. The company’s copper demand will have increased by 20,000 additional tons by this time. This shows that copper will play an even greater role in the future. Therefore, it is of crucial importance that the BMW Group secure a sustainable supply chain for electric mobility, including raw materials.
Source: BMWblog.com
To stop by BMW’s website, CLICK HERE
To stop by Codelco’s website, CLICK HERE
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