Sales of technologies that help reduce CO2 emissions have grown 20-fold since 2010 to around 10 billion euros in 2021
Valeo has committed to achieving carbon neutrality by 2050 and will have reached 45 per cent of its objective by 2030.
By 2050, Valeo will have achieved carbon neutrality for all of its own operating activities and across its entire supply chain worldwide and will be 100 per cent carbon neutral in Europe.
Valeo is also a signatory of the “Business Ambition for 1.5°C” campaign that brings together companies committed to achieving carbon neutrality by 2050 using the strict framework of the Science Based Targets initiative.
Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented: “The entire automotive industry is investing heavily to combat global warming.
“At Valeo, the reduction of CO2 emissions has been central to our strategy since 2010, and sales generated from technologies that help to reduce CO2 emissions have grown 20-fold to around 10 billion euros in 2021.
“We intend to continue our efforts, with the aim of achieving carbon neutrality by 2050 and reaching nearly half of this objective by 2030.”
By 2030, Valeo will have invested more than 400 million euros in reducing emissions related to its operating activities.
These investments will be used to upgrade the Group’s sites to enable the current 100 most carbon-intensive facilities to become high-energy efficiency sites by 2030.
Upgrades will include the development of eco-friendly buildings, the widespread use of LED lighting and the integration of heat recovery systems.
The proportion of low-carbon energy in the Group’s energy consumption will increase from 5.5 per cent in 2019 to 80 per cent by 2030, having already risen to 50 per cent by 2025.
A number of sites are already piloting renewable energy alternatives, including three Group sites in Chennai (India), where 90 per cent of consumption is wind-powered, and sites in Sanand (India) and Bad Rodach (Germany), which use their own solar energy facilities to produce 30 per cent and 20 per cent of the energy they consume, respectively.
Valeo has also set the same CO2 emissions reduction objectives for its suppliers, and the use of low-emission materials will be increased.
At the same time, Valeo will continue to expand its portfolio of technologies that contribute to low-carbon mobility, in particular its solutions for vehicle electrification, a field in which the Group is currently world leader.
Over the past ten years, Valeo has invested more than 10 billion euros in technologies that reduce CO2 emissions.
In 2019, 57 per cent of Valeo’s sales were generated by technologies that help to reduce CO2 emissions.
Today, one in three vehicles worldwide is fitted with Valeo technology that helps to reduce CO2 emissions.
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