Dana Sets 2040 Goals - Diversified Communications

Energy Efficiency, GHG Emissions, Industrial, Solar, Sourcing Renewables  -  March 10, 2023

Dana Sets 2040 Goals

Dana Incorporated, a design and manufacturer of propulsion and energy-management solutions, announced that it has accelerated the company's climate commitments with a goal of achieving net zero by 2040.  

As part of this commitment, Dana is accelerating its plan to reduce Scope 1 and 2 greenhouse gas (GHG) emissions and plans to achieve a 75% reduction by 2030, up from its previously announced goal of 50% by 2030.

"Dana is committed to a science-based approach in achieving substantial reductions in our global emissions," said James Kamsickas, Dana chairman and chief executive officer in a statement.  "The acceleration of these targets is a testament to our team's focus on implementing strategic sustainability initiatives across every level of the organization so that we can ensure we not only deliver innovative solutions to meet our customer's needs, but also do so in the most responsible manner."

Dana will continue implementing projects across each of its facilities to improve efficiency and reduce emissions and energy consumption. It will also include leveraging on-site renewable energy projects and renewable energy purchase agreements to support reductions across the globe.

Last month, Dana 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. This project will offset 100% of Dana's emissions from purchased electricity in Europe.

The previously announced Texas wind facility became operational in December 2022 and is now generating approximately 300,000 megawatt hours of renewable electricity annually, offsetting 100% of Dana's emissions from purchased electricity in the United States and Canada.

Dana also has several on-site renewable energy projects, including an on-site solar array on the campus of its World Headquarters and Technology Center in Maumee, Ohio. Supported by GEM Energy, the project will supply approximately 30% of the facility's electricity requirements.

Last week the company announced that the Science Based Target initiative (SBTi) has validated the company's previous climate commitments of reducing Scope 1 and 2 GHG emissions by more than 50% and Scope 3 GHG emissions by more than 25% before 2030.  The company has initiated the validation process for these new targets with SBTi.



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