smart Releases 2024 Sustainability Report
smart Mobility Pte. announced its 2024 Sustainability Report on November 7, 2025, in Hangzhou, China. This marks the company’s fourth consecutive year of environmental, social, and governance (ESG) reporting.
Progress Across Strategic Pillars
The report highlights smart's advancements within five key areas:
- Governance & Ethics
- Sustainable Product
- Climate Action
- Circular Economy
- People & Community
This framework reflects smart's dedication to sustainable development in line with the United Nations Sustainable Development Goals (SDGs) and its target to deliver fully carbon-neutral vehicles by 2045.
Key Achievements
- Local procurement rates exceed 95% in both China and Europe, strengthening efforts to decarbonize the value chain.
- Over 95% of materials used in all smart mass-produced models are recoverable, supporting circular economy initiatives.
Leadership Statement
"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." — Tong Xiangbei, Global CEO of smart
This statement emphasizes smart's forward-looking approach and commitment to balancing innovation with sustainability.
Author’s Summary
smart’s 2024 Sustainability Report highlights significant strides in local sourcing and material recovery, underscoring its commitment to carbon-neutral vehicles by 2045 through robust ESG integration.