BorgWarner releases 2024 sustainability report
ECONOMY & POLICY

BorgWarner releases 2024 sustainability report

BorgWarner published 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 Fr'd'ric 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."

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% of revenue from EV and emissions-reducing hybrid and combustion products, positioning the company as a leader in clean mobility;

Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 32% 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 85% by 2030;

Engaging supply chain management and engineering teams to advance the company's goal of reducing Scope 3 emissions 25% by 2030 compared to a 2021 baseline;

Installing or expanding solar power installations at nine facilities to help drive a 48% annual increase in renewable energy usage since 2022;

Achieving a 92.7% waste diversion rate at tracked sites, surpassing its 85% goal;

Filling 64% of leadership positions through internal placements, surpassing its 50% goal;

Investing $3.6 million in employee training and development to support a skilled workforce to meet business goals;

Performing above all benchmarks on employees' sense of inclusion and belonging on the company's engagement survey; and

Achieving an 81.6% completion rate with relevant suppliers for its sustainability assessment questionnaire, surpassing its goal.

BorgWarner published 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 Fr'd'ric 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. 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% of revenue from EV and emissions-reducing hybrid and combustion products, positioning the company as a leader in clean mobility; Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 32% 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 85% by 2030; Engaging supply chain management and engineering teams to advance the company's goal of reducing Scope 3 emissions 25% by 2030 compared to a 2021 baseline; Installing or expanding solar power installations at nine facilities to help drive a 48% annual increase in renewable energy usage since 2022; Achieving a 92.7% waste diversion rate at tracked sites, surpassing its 85% goal; Filling 64% of leadership positions through internal placements, surpassing its 50% goal; Investing $3.6 million in employee training and development to support a skilled workforce to meet business goals; Performing above all benchmarks on employees' sense of inclusion and belonging on the company's engagement survey; and Achieving an 81.6% completion rate with relevant suppliers for its sustainability assessment questionnaire, surpassing its goal.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?