Carmakers’ Lifetime Emissions 50% Higher Than Reported

Car manufacturers are misleading investors by significantly underestimating the total distance travelled and fuel consumption of cars, as mandatory Scope 3 emissions reporting represent a ‘ticking carbon bomb’ for asset managers. Carmakers’ global emissions are on average 50% higher than what they report with Hyundai-Kia and BMW under-reporting emissions by as much as 115% and 80% respectively, […]