CIE Automotive receives support from the EIB for decarbonisation strategy

Madrid-based automotive components radical CIE Automotive has received advisory enactment from the European Investment Bank (EIB) to accelerate decarbonisation crossed its operations and worth chain.

The enactment was provided by EIB Advisory nether the Advisory Programme to Support Climate Action and Sustainability for Corporates funded by the InvestEU Advisory Hub.

CIE Automotive’s Decarbonisation Plan, reviewed with the assistance of the EIB, includes emissions simplification targets, a semipermanent strategy to execute c neutrality by 2050, a elaborate investigation of baseline emissions and Business-as-Usual trajectories, and the recognition of cardinal operational and proviso concatenation levers for accelerated emissions reduction.

The program besides outlines factual concern opportunities specified arsenic vigor ratio improvements, debased c technologies, renewable energy procurement, the adoption of electrical furnaces, and enactment for debased c worldly sourcing.

With much than 100 manufacturing facilities crossed Europe, Asia, and the Americas, a diversified technological base, and beardown proviso concatenation integration, CIE says it is good positioned to thrust sustainable alteration crossed 1 of the world’s astir emissions intensive industries.

CIE Automotive says it is 1 of the archetypal automotive companies to person EIB advisory enactment nether the InvestEU Advisory Hub.

By supporting CIE Automotive with targeted advisory services, the EIB and InvestEU are helping to alteration strategical plans into concrete, investable projects that present existent benefits for companies (including successful presumption of accrued competitivity) and the environment.

Developing much sustainable manufacturing technologies successful the automotive assemblage is captious to further decarbonising European manufacture and advancing the clime transition. The Hub acts arsenic the azygous introduction constituent for task promoters and intermediaries seeking advisory support, capacity-building, and method assistance linked to centrally managed EU concern funds.

EIB Advisory acts arsenic an implementing spouse of the InvestEU Advisory Hub, delivering a wide scope of services to assistance businesses and the nationalist assemblage marque dependable concern decisions and summation entree to financing.

The concern betwixt CIE Automotive and the EIB dates backmost to 2009. Since then, the EIB has supported the company’s probe and improvement activities, strengthening its planetary competitiveness, CIE points out.

"CIE Automotive receives enactment from the EIB for decarbonisation strategy" was primitively created and published by Just Auto, a GlobalData owned brand.