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Veoneer sets ambitious climate targets for a sustainable future

Veoneer sets ambitious climate targets for a sustainable future

Besides its overall goal to support halving the number of global deaths and injuries from road traffic accidents, the automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), announces ambitious carbon emission targets for a more sustainable future.

Veoneer’s portfolio of technologies supports the Sustainable Development Goal #3 — halving the number of global deaths and injuries from road traffic accidents. Traffic safety is, together with the climate challenge, two of the global challenges where the automotive industry has a responsibility to act for a sustainable future.

Veoneer’s Board of Directors has set ambitious targets related to the climate. The company acts in three steps along its’ entire value chain:

  • Carbon neutral in own operations by 2030 (own manufacturing and tech centers, including Arriver)
  • Carbon neutral products by 2039 (from sourcing to disposal)
  • Carbon neutral company by 2040

Today, 67% of the electricity consumption in Veoneer’s manufacturing facilities is fossil free. Front-runners are the manufacturing facilities in Sweden (100% fossil free), followed by Canada (93% fossil free) and France (92% fossil free).

“Veoneer’s ambitious climate-related targets will strengthen our customers’ ambitions in reducing their supply chain emissions,” says Jan Carlson, Chairman, President and CEO of Veoneer.

 

 

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