BMW Group named automotive sector leader
According to the latest ranking published today by the SAM Group for the Dow Jones Sustainability Indexes (DJSI), the BMW Group has once again been named the automotive industry’s sector leader.
This makes the BMW Group the world’s most sustainable automobile manufacturer for seven consecutive years. The BMW Group is also the only company in the automotive industry to be listed in this family of indexes every year since it was established in 1999.
In addition, one look at the price comparison chart of BMW stock, traded in Europe (not in New York), relative to the Xetra Index and you can see BMW has been trading there well above its peers.
“The success of the BMW Group is built on a long-term approach and responsible action. We are pleased to be recognised by the renowned Dow Jones Sustainability Indexes,” said Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AG. “Being ranked sector leader for the last seven years underscores our corporate strategy and approach. I would like to thank all of our company’s 95,000 employees whose day-to-day work makes this progress possible,” added Reithofer.
Sustainability is an integral part of the BMW Group’s corporate strategy. The company appointed an environmental officer back in 1973 – the automotive industry’s first. Since then, the company has systematically refined its concept of sustainability.
In 2009, for example, corporate sustainability was firmly established as a corporate target at Group level. Today, the Sustainability Board, comprising all members of the Board of Management, defines the strategic alignment through binding internal targets, and the Executive Sustainability Committee paves the way for implementation in the relevant divisions.
Further information on the BMW Group’s sustainability activities is available at: www.bmwgroup.com/responsibility
[Image Source: BMW Group website's investor relations page]
Full Disclosure: At time of publication, Sherosky, creator of the auto sector charts for TN, is neither long or short with the mentioned stocks or futures, though positions can change at any time. None of the information in this article constitutes a recommendation, but an assessment or opinion.
About the Reporter: After 39 years in the auto industry as a design engineer, Frank Sherosky now trades stocks, futures and writes articles, books and ebooks like, "Perfecting Corporate Character," "Awaken Your Speculator Mind", and "Millennial World Order" via authorfrank.com. He may be contacted here by email: [email protected] or via his Twitter i.d. @Authorfranks
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