Veoneer says it wants to become a carbon neutral company by 2040, as well as continue its overall goal to support halving the number of global deaths and injuries from road traffic accidents.

Veoneer’s board has set targets related to the climate and has identified three steps along its value chain:

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

The supplier notes 67% of electricity consumption in its manufacturing facilities is currently fossil free. Front-runners are the manufacturing facilities in Sweden (100%), followed by Canada (93%) and France (92%).

“Veoneer’s ambitious climate-related targets will strengthen our customers’ ambitions in reducing their supply chain emissions,” said Veoneer chairman, president and CEO, Jan Carlson.

Veoneer has 7,500 employees in 11 countries and in 2020, sales amounted to US$1.37bn.