BorgWarner Publishes its 2024 Sustainability Report

BorgWarner has recently announced its 2024 Sustainability Report, 'Driving Progress'.

July 15, 2024. By Aishwarya

BorgWarner has recently announced its 2024 Sustainability Report, “Driving Progress.”

The report shares the company’s progress toward meeting its sustainability goals.

“BorgWarner’s longstanding vision is a clean, energy efficient world, and I am proud to lead a company where our business goals go hand-in-hand with our sustainability goals,” said Frédéric Lissalde, President and CEO, BorgWarner.

“I applaud our entire team for their dedication and excellence in innovating products for cleaner mobility, making leaps toward achieving our climate and other sustainability goals, and investing in our people,” Lissalde added.

At BorgWarner, sustainability means delivering value to all stakeholders for today and tomorrow. In 2023, the company made notable progress against its goals as described in the report, including earning 87 percent of revenue from EV and emissions-reducing hybrid and combustion products, positioning the company as a leader in clean mobility. Additionally, they reduced Scope 1 and 2 greenhouse gas (GHG) emissions by 32 percent from the 2021 baseline, making progress on its Science Based Targets initiative (SBTi)-validated goal to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 85 percent by 2030.

They also engaged supply chain management and engineering teams to advance the company’s goal of reducing Scope 3 emissions by 25 percent by 2030 compared to a 2021 baseline. Furthermore, they installed or expanded solar power installations at nine facilities, driving a 48 percent annual increase in renewable energy usage since 2022. The company achieved a 92.7 percent waste diversion rate at tracked sites, surpassing its 85 percent goal, and filled 64 percent of leadership positions through internal placements, exceeding its 50 percent goal.

BorgWarner invested USD 3.6 million in employee training and development to support a skilled workforce to meet business goals, performed above all benchmarks on employees’ sense of inclusion and belonging on the company’s engagement survey, and achieved an 81.6 percent completion rate with relevant suppliers for its sustainability assessment questionnaire, surpassing its goal.

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