GlobalData offers a comprehensive analysis of Autoliv, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Autoliv‘s ESG performance. GlobalData’s company profile on Autoliv offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Autoliv, a leading automotive safety supplier, has set a target for net zero across its supply chain by 2040. The company aims to achieve carbon neutrality in its own operations by 2030. The company is on track for its climate action targets, with a 12% reduction in energy intensity by 2023, measuring 5% above the baseline in 2022, 10% above baseline in 2021, and 11% above baseline in 2020 (with a baseline set in 2018 and measured based on parts delivered). In 2022, scope 1 (Direct) GHG emissions amounted to 102 kton CO2e, while scope 2 (Indirect) GHG emissions, both market-based and location-based, were 328 kton CO2e and 276 kton CO2e, respectively. The company has also calculated its scope 3 emissions, including purchased goods and services, upstream transportation, and other upstream emission. The Upstream Scope 3 emissions totaled 3,700 kton CO2e for the year.
Autoliv has taken several steps to reduce its emissions and achieve its net-zero targets. The company has invested in renewable energy sources, with around 9% of its total energy consumption and 13% of its total electricity consumption coming from renewable sources in 2022. Autoliv has also implemented waste management practices focused on reducing, reusing, and recycling waste. The company has launched initiatives to increase the share of recycled materials in its products and has engaged with suppliers to increase the use of low-carbon materials.
In conclusion, Autoliv is committed to achieving net-zero emissions and has set specific targets for scope 1, scope 2, and scope 3 emissions. The company has made progress in reducing its emissions and has implemented various initiatives to achieve its net-zero targets. Autoliv's investments in renewable energy sources and waste management practices demonstrate its commitment to sustainability and reducing its environmental impact.
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