MAUMEE,
Ohio, June 7, 2023 /PRNewswire/ -- Dana
Incorporated (NYSE: DAN) announced today that it has been named one
of America's Climate Leaders 2023 by USA Today.
The list, compiled by the newspaper's research partner,
Statista, recognizes the top 400 companies for their 2021
greenhouse gas (GHG) reduction performance against a 2019
baseline.
The companies were evaluated on six measures, sourced from the
Carbon Disclosure Project (CDP):
- Reduction of Scope 1 and 2 emissions, adjusted by revenue
growth, from 2019 to 2021;
- Energy intensity, taking 2021 GHG emissions per $1 million in company revenue;
- Total reduction of core GHG emissions from 2019 to 2021;
- Reported scope 3 emissions;
- CDP score; and
- Commitment and targets set with the Science Based Targets
initiative (SBTi).
"Dana's vision of a zero-emissions future encompasses a
wholistic, science-based approach to sustainability," said
Doug Liedberg, Dana senior vice
president and chief sustainability officer. "We are proud to
be a company that leads by example in reducing our carbon footprint
but also in developing technologies that enable others to meet
their sustainability objectives. This recognition by
USA Today is another
endorsement of our strategy."
Over the past few months, Dana has also been named among the
"World's Most Ethical Companies" for 2023 by Ethisphere and as one
of "America's Most Responsible Companies 2023"
by Newsweek.
In March, the company announced it had accelerated its
climate commitments, with a goal of achieving net zero by
2040. As part of this commitment, Dana plans to reduce Scope
1 and 2 greenhouse gas (GHG) emissions to achieve a reduction of
greater than 75 percent by 2030.
The company also announced that the SBTi has validated the
company's previous climate commitments of reducing Scope 1 and 2
GHG emissions by more than 50 percent and Scope 3 GHG emissions by
more than 25 percent before 2030. Dana has already initiated
the validation process for its updated targets with SBTi.
With respect to renewable energy, Dana's United States wind facility became operational
in December 2022 and is now
generating approximately 345,000 megawatt hours of renewable
electricity annually, offsetting 100 percent of Dana's emissions
from purchased electricity in the United
States and Canada.
Dana has also completed a renewable power purchase agreement
with Enel Green Power for an
upcoming solar project in Spain.
The agreement, commencing January
2025, will supply Dana with approximately 240,000 megawatt
hours per year of renewable energy, offsetting 100 percent of
Dana's emissions from purchased electricity in Europe.
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient
propulsion and energy-management solutions that power vehicles and
machines in all mobility markets across the globe. The
company is shaping sustainable progress through its conventional
and clean-energy solutions that support nearly every vehicle
manufacturer with drive and motion systems; electrodynamic
technologies, including software and controls; and thermal,
sealing, and digital solutions.
Based in Maumee, Ohio,
USA, the company reported sales of $10.2
billion in 2022 with 42,000 people in 31 countries across six
continents. With history dating to 1904, the company is
driven by a high-performance culture that focuses on valuing
others, inspiring innovation, growing responsibly, and winning
together, earning it global recognition as a top employer.
Learn more at dana.com.
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SOURCE Dana Incorporated