Climate action
We are clear on our role in addressing the effects of climate change - one of the defining challenges of our time and, with a global footprint that covers more than 50 sites around the world, we strive to make a leading contribution to the decarbonisation of the automotive industry.
We have been a global leader in electrification technology for over 20 years, helping to decarbonise the automotive industry with eDrive systems supplied to more than two million vehicles, as well as delivering drivetrain systems and components.
Our near and long-term carbon emissions reduction targets have been approved by the Science Based Targets initiative. We are committed to reducing our direct Greenhouse Gas emissions (scope 1 and 2) by 45% by 2030, from a 2021 base year, and reducing our indirect GHG emissions (scope 3) by 25% by 2030 in the same time frame. These near-term ambitions provide a critical foundation for us to achieve our long-term target of reaching net-zero across our value chain by 2045. Learn more about our comprehensive carbon reduction action plan below.
Our Targets
Key Facts
- To increase the amount of renewable electricity that we procure and use across our global footprint, as well as support the effort to supply more renewable electricity into the grid, we signed our first VPPA with renewable energy developer, Recurrent Energy in 2024. This agreement generates 200,000 MWh annually, meaning across the 10-year agreement, approximately 2 million MWh of renewable energy is supplied to the grid.
- We implemented a strategy to improve energy efficiency across all sites in 2022, which helped us reduce up to 30GWh in electricity consumption.
- Our Bruneck plant is powered by 100% green electricity, an initiative that began in 2012 and saves 5,000 tonnes of CO2 annually. In addition, a groundwater cooling system installed at the plant saves 1MWh of energy annually.
- In 2022, we began to embed sustainability into our systems engineering process to ensure that when we are designing our products, we consider the carbon impact from the outset. This allows us to start to analyse the carbon produced during the manufacturing process and calculate the carbon that can be saved from weight reductions.
