TEI - Sustainable Investing Through The Supply Chain: Electric Vehicles

• Electric vehicle engines need far fewer components than internal combustion engines but have much heavier and more complex batteries. These in turn use a higher proportion and greater variety of minerals - around six times more than conventional vehicles.
• Increased mineral extraction and processing can damage the environment. But we see clear evidence that governments and corporates will respond to constructive investor engagement in a positive way to improve their ESG performance.
• AB’s engagement program aims to create a mutually beneficial dialogue with public officials and company management to promote sustainable practices throughout the supply chain.

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