Climate Policy Engagement: Suzuki receives a grade of D+ in InfluenceMap’s assessment of corporate engagement on climate change policy, indicating misalignment with policy to deliver the Paris Agreement.
Forecasted 2030 Production: 10% of Suzuki's light-duty vehicle production in 2030 is forecast to be electric vehicles (10% battery electric vehicles (BEVs), 0% plug-in hybrids, and 0% fuel cell electric vehicles (FCEV)). This compares negatively to the IEA’s 1.5°C scenario, which estimates that 66% of all car and van sales must be electric (BEV, PHEV or FCEV) by 2030 to meet a 1.5°C global temperature goal.
Climate Lobbying Overview: Suzuki appears to have broadly negative engagement with a variety of climate policy streams globally. Despite some positive top-line messaging on climate policy, in 2021-23, the company appears unsupportive of the electrification of light-duty transportation and opposed regulatory efforts to increase the stringency of emission standards for vehicles in India and New Zealand.
Suzuki's full climate policy engagement profile is available here.
Internal decarbonization targets: Suzuki aims to achieve carbon neutrality by 2050 in Japan and Europe, and by 2070 in India. Suzuki has announced that by 2030, it aims to reach 20% BEV sales in Japan, 80% in Europe, and 15% in India. In October 2023, Suzuki committed to starting EV production in India for export to Japan from 2025.
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Suzuki's forecasted fleet composition by technology: The IEA determined in its 2023 1.5C road transport scenario that 66% of all light-duty vehicle sales must be electric (battery electric vehicles, fuel cell electric vehicles and plug-in hybrids) by 2030 to meet the Paris Agreement’s 1.5°C goal. Globally, Suzuki’s 2030 production forecast is misaligned with the IEA’s scenario. In 2030, Suzuki is forecast to produce 10% electric vehicles (10% BEVs, 0% PHEVs and 0% FCEV), 55% ICE-powered hybrids and 34% combustion engine.
Suzuki's forecasted vehicle size: Larger vehicles are a significant cause of increased GHG emissions from road transport, with smaller vehicles across different technologies generally producing fewer emissions. Suzuki’s 2023 combined percentage proportion of SUVs and light commercial vehicles is approximately 40%, however this proportion is projected to slightly decrease to 39% through 2030.
Suzuki's electric vehicle production compared: 10% of Suzuki’s vehicles produced in 2030 are forecast to be electric (battery electric vehicles, plug-in hybrids or fuel cell electric vehicles), compared to an average of 53% for all automakers.
