On the Road to Carbon Neutral Vehicles: smart Releases 2024 Sustainability Report
smart Mobility Pte. published its 2024 Sustainability Report on November 7, 2025, in Hangzhou, China, marking the company’s fourth straight year of environmental, social, and governance (ESG) disclosures. The report highlights smart's advancements across five strategic pillars as it strives to deliver fully carbon-neutral vehicles by 2045.
Key Strategic Pillars
- Governance & Ethics
- Sustainable Product
- Climate Action
- Circular Economy
- People & Community
This organized framework reflects smart's dedication to sustainable growth in line with the United Nations Sustainable Development Goals (SDGs).
Significant Achievements
- Local procurement rates exceed 95% in both China and Europe, forming a critical foundation for decarbonizing the value chain.
- More than 95% of materials used in all mass-produced smart models are recyclable or recovered.
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.”
The report represents smart's steady progress toward a fully carbon-neutral vehicle offering by 2045, demonstrating commitment through innovation and sustainability.
Author’s summary: smart’s 2024 Sustainability Report outlines clear progress in achieving carbon-neutral vehicles by 2045 through strategic ESG actions and innovation across its global operations.