Bayerische Motoren Werke AG, commonly known as BMW, is a German multinational corporation that produces luxury vehicles and motorcycles. The company was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 until 1918 and again from 1933 to 1945. BMW has its headquarters in Munich, Germany, and operates in over 150 countries worldwide.

BMW is a leading player in the passenger vehicles sector and has a strong focus on sustainability and decarbonisation. The company is committed to reducing its carbon footprint and has set ambitious targets to become carbon neutral by 2050. BMW has developed a comprehensive sustainability strategy that focuses on reducing its environmental impact across its entire value chain.

One of the key areas of focus for BMW is corporate energy management. The company has implemented a range of measures to reduce its energy consumption and increase the use of renewable energy sources. BMW has set a target to reduce its energy consumption per vehicle produced by 45% by 2020, compared to 2006 levels. To achieve this, the company has implemented a range of energy efficiency measures, including the installation of energy-efficient lighting and heating systems, the use of energy-efficient production processes, and the implementation of energy management systems.

BMW is also investing in renewable energy sources to reduce its carbon footprint. The company has implemented a range of renewable energy projects, including the installation of solar panels at its production facilities and the purchase of renewable energy certificates. In addition, BMW has entered into corporate power purchase agreements (PPAs) to secure renewable energy for its operations. In 2020, BMW signed a PPA with a wind farm in Texas, which will provide the company with 100 MW of renewable energy.

Corporate PPAs are becoming an increasingly popular way for companies to secure renewable energy for their operations. Under a PPA, a company agrees to purchase a certain amount of renewable energy from a specific project over a set period of time. This allows companies to lock in a fixed price for renewable energy, which can help to reduce their energy costs and provide greater certainty over their energy supply.

BMW is also working to reduce the carbon footprint of its products. The company has set a target to reduce the CO2 emissions of its new vehicles by at least 50% by 2030, compared to 2019 levels. To achieve this, BMW is investing in the development of electric and hybrid vehicles, as well as improving the efficiency of its combustion engines. The company has also introduced a range of measures to reduce the carbon footprint of its supply chain, including the use of sustainable materials and the implementation of sustainable production processes.

In addition to its focus on sustainability, BMW is also committed to innovation and technology. The company has a strong focus on research and development, and invests heavily in new technologies and products. BMW has developed a range of innovative technologies, including its iDrive system, which allows drivers to control their vehicle using voice commands and gestures. The company is also investing in the development of autonomous vehicles, and has partnered with companies such as Intel and Mobileye to develop the technology.

Overall, BMW is a leading player in the passenger vehicles sector, with a strong focus on sustainability and innovation. The company is committed to reducing its carbon footprint and has set ambitious targets to become carbon neutral by 2050. BMW is investing in renewable energy sources and has implemented a range of measures to reduce its energy consumption. The company is also committed to reducing the carbon footprint of its products and supply chain, and is investing in the development of new technologies and products. With its focus on sustainability and innovation, BMW is well positioned to succeed in the rapidly changing automotive industry.