Strengthening Motorcycle Safety: Autoliv and UN Road Safety Fund Announce Renewed Collaboration

Rhea-AI Summary

On June 21, 2024, coinciding with World Motorcycle Day, Autoliv (NYSE: ALV) and the UN Road Safety Fund (UNRSF) announced the renewal of their partnership aimed at enhancing global motorcycle safety. This collaboration supports the UN Sustainable Development Goal 3.6, which aims to reduce road traffic fatalities and injuries by 2030, and aligns with Autoliv's objective of saving 100,000 lives annually. Key initiatives will focus on reducing the global burden of motorcycle-related fatalities, which constitute 21% of global road traffic deaths. Autoliv and UNRSF will share insights and data to drive necessary changes and improvements in motorcycle safety. A roundtable discussion co-hosted by both parties on June 25, 2024, will explore critical motorcycle safety issues and solutions. The renewed effort is also a step towards the Road to Morocco High-Level Pledging Forum in February 2025.

Positive

• Renewed collaboration between Autoliv and UNRSF aims to significantly enhance global motorcycle safety.
• Supports UN Sustainable Development Goal 3.6 to reduce road traffic fatalities and injuries by 2030.
• Autoliv's objective of saving 100,000 lives annually aligns with the partnership's goals.
• Successful previous partnership established in 2022 is being built upon.
• Roundtable discussion on June 25, 2024, to explore critical motorcycle safety issues and solutions.

Negative

• Motorcycle-related fatalities constitute 21% of global road traffic deaths, indicating a significant safety challenge.

STOCKHOLM, June 21, 2024 /PRNewswire/ -- On World Motorcycle Day, June 21, Autoliv, Inc. (NYSE: ALV) (SSE: ALIV-SDB), the worldwide leader in automotive safety systems, and the UN Road Safety Fund (UNRSF) announced the renewal of their collaboration to enhance motorcycle safety globally. The collaboration supports UN Sustainable Development Goal 3.6 which aims to reduce road traffic fatalities and injuries by 2030, and Autoliv's goal of saving 100,000 lives annually.

Motorcycle safety will be the key focus for this next phase of the collaboration, building upon the successful partnership established in 2022.

The Global Status Report on Road Safety 2023 highlights that the number of motorbikes and scooters has nearly tripled since 2011, with these vehicles involved in 21% of global road traffic deaths.

"Our collaboration with UNRSF allows us to gain insights from the global road safety community and share our expertise as a leader in automotive safety," said Mikael Bratt, CEO of Autoliv. "Partnerships and collaborations are essential for reducing the global burden of road traffic deaths and severe injuries. We are confident that safety for motorcyclists and other vulnerable road user groups can be significantly improved. By working closely with the UN Road Safety Fund and its global network of partners, we can make the roads safer."

By sharing insights, knowledge, and data, this partnership between Autoliv and the UN Road Safety Fund will empower the global road safety community, including UN agencies, NGOs, and technology providers, to collaborate and drive necessary changes.

Nneka Henry, Head of the UN Road Safety Fund, said "The rising number of motorcycle fatalities demands a global, multi-stakeholder approach. We welcome Autoliv's renewed commitment and leadership in addressing this critical challenge. By combining our resources and expertise, we can develop and implement effective solutions to make motorcycling safer for everyone."

Autoliv's commitment is an important step towards the Road to Morocco High-Level Pledging Forum, which will be held during the 4th Global Ministerial Conference on Road Safety in February 2025.

To further explore critical motorcycle safety issues and solutions, Autoliv and UNRSF will co-host a roundtable discussion on strengthening motorcycle safety globally on June 25, 2024, at 9.00-10.30 (CET). This hybrid event will be held both online and onsite at the UN office in Geneva. Participation details for media, please contact marianelly.diaz@un.org.

Inquiries: 
Media: media@autoliv.com
Gabriella Etemad, Tel +46 (0)8 58 720 602 or Emelie Ericson +46 (0)8 58 720 635
Investors & Analysts:
ir@autoliv.com,
Anders Trapp, Tel +46 (0)8 587 206 71 or Henrik Kaar, Tel +46 (0)8 587 206 14

About Autoliv

Autoliv, Inc. (NYSE: ALV) (NASDAQ: ALIV-SDB) (STOCKHOLM: ALIV-SDB) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved 35,000 lives and reduced more than 450,000 injuries.

Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to US $ 10.5 billion. For more information go to www.autoliv.com.

About UNRSF:

The UN Road Safety Fund mobilizes financing from various sources and channels these resources to high-impact, scalable, and sustainable road safety projects worldwide. Operating in 88 countries across 5 regions, the fund supports initiatives such as better urban planning for school zones, low emission non-motorized transport, speed management, and cleaner, safer used vehicle standards.

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Press Release _Autoliv and UN Road Safety Fund Announce Renewed Collaboration_June 21, 2024

 

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SOURCE Autoliv

FAQ

What is the renewed collaboration between Autoliv and the UN Road Safety Fund about?

The renewed collaboration between Autoliv and the UN Road Safety Fund aims to enhance global motorcycle safety, supporting the UN Sustainable Development Goal 3.6 to reduce road traffic fatalities and injuries by 2030.

When did Autoliv and the UN Road Safety Fund announce their renewed partnership?

Autoliv and the UN Road Safety Fund announced their renewed partnership on June 21, 2024, coinciding with World Motorcycle Day.

What is Autoliv's goal in the collaboration with the UN Road Safety Fund?

Autoliv's goal in the collaboration is to save 100,000 lives annually by enhancing global motorcycle safety and reducing road traffic fatalities and injuries.

How significant are motorcycle-related fatalities globally?

Motorcycle-related fatalities constitute 21% of global road traffic deaths, highlighting a significant safety challenge.

What event will Autoliv and UNRSF co-host to discuss motorcycle safety?

Autoliv and UNRSF will co-host a roundtable discussion on strengthening motorcycle safety globally on June 25, 2024.