Significant Steps Forward

At Magna, we are not only building a strong, sustainable business, but one that makes a positive impact on the planet for current and future generations. We are committed to minimizing the environmental impact of our activities – partnering with our customers and communities, as well as operating efficient manufacturing processes and recycling programs.

2023 Highlights:

  • Announced our most ambitious environmental commitment to date: to achieve net-zero emissions by 2050, an important step in fighting climate change. This latest effort is part of the Science-Based Targets Initiative, the benchmark for decarbonization targets in line with the Paris Climate Agreement.

  • Targeted a 20% reduction in corporate energy intensity in all manufacturing facilities by 2027. We are already halfway towards our 2027 target, having achieved a 10% reduction over the last 12 months.

  • Pledged to transition to 100% renewable electricity use in our European operations by 2025 and globally by 2030.

  • Targeted a 90% reduction in scopes 1, 2 and 3 by 2050, with near-term commitments to reduce approximately 42%in scopes 1 and 2, and 25% in scope 3 by 2030.

  • Dedicated to addressing not only the emissions we produce within our own facilities but also those of our entire supply chain. We are working with our customers and partners, along side more than 10,000 supplier companies, to conserve our natural resources.