BorgWarner unveils 2023 Sustainability Report highlighting ESG target achievements and contribution to global eMobility shift
The report highlights the company’s commitment to being a sector leader in sustainability.
Tier-I auto component supplier, BorgWarner has published its "Accelerating Action" Sustainability Report for 2023. The report showcases the company's advancements in 2022 toward achieving its environmental stewardship, social responsibility, and governance (ESG) goals. It also outlines the company's further objectives for 2023 and the future.
Frederic Lissalde, President and CEO, BorgWarner said, “At our 2023 Investor Day, we unveiled ‘Charging Forward: 2027,’ which underscores our commitment to operating sustainably as we accelerate our electrification strategy. The continued support of our employees and collaboration with industry partners enables us to build on our momentum, in pursuit of a clean, energy-efficient world and achieving carbon neutrality by 2035.”
As per the company, highlights from the report include:
88 percent of 2022 sales from clean and emissions-reducing products and investing 53 percent of our 2022 research and development in electrification products.
Formally submitting targets to reduce Scope 1, 2, and 3 emissions to the Science Based Target Initiative (SBTi).
Kicking off workstreams dedicated to reducing our Scope 3 emissions by 25 percent by 2031 versus a 2021 baseline.
Reducing overall energy consumption by 13 percent versus 2021 as a result of several actions including the use of smart meters at BorgWarner’s manufacturing sites.
Promoting an inclusive workforce through numerous initiatives, including campus partnerships, scholar programs, second chance hiring programmes and more.
Upskilling workforce through specialised programs such as “Power to Evolve” which gives mechanical engineers the skills they need to work on electric drive systems.
Continuing to focus on responsible supply chain management.
To read the full report, click here.
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