On the Road to Carbon Neutral Vehicles: smart Releases 2024 Sustainability Report
smart Mobility Pte. released its 2024 Sustainability Report on November 7, 2025, in Hangzhou, China. This marks the company’s fourth consecutive annual report on environmental, social, and governance (ESG) efforts. The report highlights smart’s progress across five strategic pillars: Governance & Ethics, Sustainable Product, Climate Action, Circular Economy, and People & Community.
Strategic Progress and Goals
smart aims to deliver fully carbon-neutral vehicles by 2045. One of the key achievements reported is a local procurement rate exceeding 95% in both China and Europe, which plays a crucial role in decarbonizing the value chain. Additionally, over 95% of the materials used in all smart mass-produced models are recoverable.
Commitment to Sustainable Development
The company’s ESG strategy aligns closely with the United Nations Sustainable Development Goals (SDGs), demonstrating smart’s dedication to sustainable growth and environmental responsibility.
Tong Xiangbei, Global CEO of smart, stated: “As one of the first global automotive brands to transition to an electric-first portfolio, smart has always taken pragmatic innovation as its fundamental principle, deeply integrating ESG considerations into the core of its strategy, and continuously exploring a development path that balances resilience and sustainable value.”
Core ESG Pillars
- Governance & Ethics: Ensuring transparent and responsible management.
- Sustainable Product: Developing eco-friendly vehicles with minimal environmental impact.
- Climate Action: Reducing carbon emissions across all operations.
- Circular Economy: Maximizing material recovery and reuse.
- People & Community: Fostering positive social impact and engagement.
Through these efforts, smart continues to pave the way toward a more sustainable automotive future by innovating responsibly and embedding ESG principles across all levels of the company.
smart demonstrates steady advancements in building a sustainable, carbon-neutral automotive future by integrating ESG deeply into its strategy and operations.