BorgWarner Releases 2023 Sustainability Report, Outlining its Progress on ESG Targets and Role in World’s Transition to eMobility
- Highlights company’s commitment to being a sector leader in sustainability
- Demonstrates progress on Scope 1, 2 and 3 greenhouse gas emissions goals
- Transitioning our workforce as we execute on Charging Forward 2027
Auburn Hills, Michigan, June 23, 2023 – BorgWarner (NYSE: BWA) today released its 2023 Sustainability Report, “Accelerating Action,” highlighting the progress the company made in 2022 toward meeting its environmental stewardship, social responsibility and governance (ESG) objectives and outlining additional goals for 2023 and beyond.
“2022 was another year of significant progress for BorgWarner. I am incredibly proud of the contributions of every person in our company, collectively working together toward the same goals,” said Frédéric Lissalde, President and CEO, BorgWarner Inc. “At our 2023 Investor Day earlier this month, 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 detailed in the report, BorgWarner is committed to being a sector leader in sustainability and accelerating the world’s transition to eMobility. Highlights include:
- 88% of 2022 sales from clean and emissions reducing products and investing 53% of our 2022 research and development in electrification products
- Formally submitting our 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% by 2031 versus a 2021 baseline
- Reducing overall energy consumption by 13% 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 programs and more
- Upskilling our workforce through specialized 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
Photo
