Energy Efficiency, GHG Emissions, Industrial, Industrial - September 5, 2023
BorgWarner's Emissions Targets Validated by SBTi
BorgWarner announced that the Science Based Targets initiative (SBTi) validated its targets to lower absolute Scope 1 and 2 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.
The global product company’s Scope 1, 2 and 3 near-term targets were formally submitted for validation to the SBTi in December 2022. Since then BorgWarner also accelerated its target for Scope 3 emissions reduction of 25% from 2021 to 2030 in alignment with SBTi's latest guidelines.
"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, in a statement. "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 role in reducing Scope 3 emissions as the portfolio shifts toward eMobility products. To meet its Scope 3 target, BorgWarner launched workstreams focusing on product and supply chain.
From a product perspective, the company will expand 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 will 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.
BorgWarner is actively working to reduce emissions 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 reported progress 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.