- BorgWarner has received official certificate of validation
for its near-term science-based targets
- BorgWarner commits to reduce Scope 1 and Scope 2 GHG
emissions 85% and Scope 3 GHG emissions 25% by 2030 from a 2021
base year
- The Scope 3 reduction target was modified to align with the
latest guidelines from SBTi for a well-below 2°C pathway
- Significant headway has been made toward the Scope 1 and
Scope 2 target, and specific initiatives have been launched to
reduce Scope 3
AUBURN
HILLS, Mich., Aug. 31,
2023 /PRNewswire/ -- BorgWarner announced today
that the Science Based Targets initiative (SBTi) has validated its
targets to reduce absolute Scope 1 and 2 greenhouse gas (GHG)
emissions 85% by 2030 from a 2021 base year, and to reduce absolute
Scope 3 GHG emissions 25% by 2030 from a 2021 base year.
BorgWarner's Scope 1, 2 and 3 near-term targets were formally
submitted for validation to the SBTi in December 2022. Since then, BorgWarner has
accelerated its target for Scope 3 emissions reduction of 25% from
2031 to 2030 in alignment with SBTi's latest guidelines for a
well-below 2°C pathway.
"Our environmental stewardship and laser focus on sustainability
spans the breadth of our business – from the products we make and
the materials we use to the suppliers we work with and our
operational practices," said Volker
Weng, Vice President of BorgWarner Inc. and President and
General Manager, BorgWarner Drivetrain and Battery Systems,
Environmental Sustainability Lead. "As part of that focus, we are
dedicated to meeting our Scope 1, 2 and 3 emissions targets and are
proud to have them validated by Science Based Target initiative,
fortifying the direction we're headed and the positive impact we're
making in the world's transition to eMobility."
BorgWarner's Charging Forward strategy will play a pivotal role
in reducing Scope 3 emissions, as the portfolio shifts toward
eMobility products. However, to further lower emissions to meet its
Scope 3 target, BorgWarner has launched workstreams focusing on
product and supply chain. From a product perspective, the company
is expanding its circularity efforts, such as remanufacturing and
use of recycled materials, and placing a greater emphasis on
lightweighting to further enhance its electrification portfolio.
Within the supply chain, BorgWarner is working to enhance its green
material sourcing and supplier contributions to its goals. As part
of this initiative, BorgWarner is incentivizing its partners to
have GHG reduction targets through its new supplier scorecard.
In addition to its near-term goals, BorgWarner is actively
working to reduce even further by 2035, surpassing 85% reduction of
Scope 1 and Scope 2 emissions. Its pathway to get there includes
investing in energy-efficient processes in its plants,
incorporating renewable energy sources and utilizing a
decarbonization toolbox to implement best practices for minimizing
energy and emissions. As of year-end 2022, the company can report
that significant progress has been made toward its Scope 1 and 2
emissions goals, with a 24.4% reduction already achieved since
2021. A part of this success was due to a significant increase in
renewable energy use in 2022 and energy reduction initiatives, with
employee incentives tied to energy intensity reduction.
To learn more about BorgWarner's sustainability activities,
read its 2023 Sustainability Report here:
www.borgwarner.com/company/sustainability.
About BorgWarner
For more than 130 years, BorgWarner has been a transformative
global product leader bringing successful mobility innovation to
market. Today, we're accelerating the world's transition to
eMobility – to help build a cleaner, healthier, safer future for
all.
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equipment manufacturer ("OEM") customers and their suppliers,
including us; commodity availability and pricing, and an inability
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release to reflect any change in our expectations or any change in
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SOURCE BorgWarner