GlobalData offers a comprehensive analysis of Dana, 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 Dana‘s ESG performance. GlobalData’s company profile on Dana 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.
Dana, a global automotive supplier, has set target for net zero by 2040 to reduce its greenhouse gas (GHG) emissions. The company is hastening its efforts to decrease greenhouse gas (GHG) emissions in Scope 1 and 2, aiming for a reduction of over 75 percent by 2030. Additionally, the company has established a target to reduce Scope 3 GHG emissions by more than 25% by 2030. According to the data, Dana's scope 1 GHG emissions decreased from 162,407,000 kg CO2-e in 2019 to 142,868,991 kg CO2-e in 2022. Similarly, scope 2 GHG emissions decreased from 455,435,000 kg CO2-e in 2019 to 355,339,692 kg CO2-e in 2022. These reductions indicate the company's efforts to reduce its direct and indirect emissions.
To achieve its net-zero targets, Dana has taken several steps. The company has invested in low-carbon alternatives, which have resulted in revenues and savings. It has also focused on energy management, with a 20% reduction in grid electricity consumption compared to the previous year. Dana has installed solar panels, entered into agreements for renewable electricity, and purchased International Renewable Energy Certificates (I-RECs) for a significant portion of its electricity consumption in Brazil. The company's sustainability and social responsibility report also highlights its commitment to diversity, equity, and inclusion, as well as driving a sustainable supply chain.
In conclusion, Dana has set net-zero targets and has been taking steps to reduce its GHG emissions. Dana's efforts align with the global goals of addressing climate change and promoting sustainable practices in the automotive industry.