BorgWarner announces new Scope 3 emissions reduction target
Date: 19 Dec 2022
BorgWarner
announced its commitment to reduce its absolute Scope3 emissions by at least
25% by 2031 from a 2021 baseline. This Scope 3 target, along with BorgWarner’s
previously announced target to achieve 85% absolute Scope 1 and Scope 2
emissions reduction by 2030 (from a 2021 baseline), were formally submitted for
validation to the Science Based Target initiative (SBTi).
These
science-based targets, along with our carbon neutrality commitment, align with
Charging Forward, BorgWarner’s accelerated path to electrification, which aims
to achieve a net-zero carbon emissions future for all.
“We
are excited to announce our science-based targets to further our vision of a
clean, energy-efficient world,” said Frédéric Lissalde, President and CEO,
BorgWarner Inc.“These targets are fully supported by BorgWarner leadership and
encourage a whole-company effort to meet our objectives as we continue to
support and collaborate with our partners to achieve sustainable operations,
and, further, our value chain.”
Significant
progress is being made toward achieving our Scope 1 and 2 emissions targets as
the company’s global operations are placing an increased focus on renewable
energy and efficiency within their respective facilities. To meet the Scope 3
target, BorgWarner will focus its efforts on actions that can be made by the
company, such as transitioning its product portfolio to electrification and
furthering circular product development by increasing content of recyclable and
remanufactured material, product weight reductions, and sustainable raw
material selection. The company will also ask its suppliers to develop a
carbon-efficient supply base. To achieve this objective and promote
environmental stewardship in its supply chain, BorgWarner’s cross-functional
team of experts will offer to support and partner with suppliers on their
journey toward emissions reduction.