The report highlights Magna's commitment to achieving net-zero emissions by 2050, with near-term and long-term science based emission reduction targets verified by the Science Based Targets initiative (SBTi). The report details the company's progress on its sustainability strategy, including achieving a 10% energy intensity reduction, committing to 100% renewable electricity in European operations by 2025 and globally by 2030, and implementing an Energy Transformation Program to further evolve energy efficiency activities. The report also describes Magna's efforts to address value chain emissions, promote circular manufacturing, and contribute to communities in which it operates.
Issuing Company Magna International Inc.
Report Type Sustainability Report
Report Language EN
Report Filesize 12.93 MB
No. of Pages 90 pages
Reporting period2023
Report EditionUnknown
Assurance Provider Unknown
Reporting Standards GRI; SASB; SBTi; others
Materiality Assessmenttrue
