In 2024, Forvia completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Forvia has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 106,000a | 131,000a | 164,000b | |
Total Scope 2 | ||||
Market-Based | 283,000a | 572,000a | N/A | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | 648,000b | |
Total Scope 3 | 39,303,000a | 40,826,000a | 12,888,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.6558a | 4.3437a | 6.2602b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Forvia amounted to 389,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Forvia decreased by 44.67%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Forvia were 106,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Forvia's Scope 1 emissions have decreased by 45.64%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Forvia's Scope 1 emissions decreased by 19.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Forvia reported Scope 2 greenhouse gas (GHG) emissions of 283,000 tCO₂e using the market-based method.a
Since 2019, Forvia's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 71.41%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Forvia's Scope 2 emissions (Market-Based) fell by 50.52% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Forvia reported its Scope 2 emissions using the market-based method.a
In 2024, Forvia reported 39,303,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Forvia includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Forvia reported total Scope 3 emissions of 39,303,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 28.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 71.23% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Forvia's Scope 3 emissions have decreased by 15.01%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Forvia's Scope 3 emissions remained relatively stable, indicating that Forvia's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Forvia reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Forvia's Scope 3 emissions were:a
In 2024, Forvia reported Scope 1 greenhouse gas (GHG) emissions of 106,000 tCO₂e and total revenues of USD 22,767 millions. This translates into an emissions intensity of 4.66 tCO₂e per millions USD.a
In 2024, Forvia reported a Scope 1 emissions intensity of 4.66 tCO₂e per millions USD. Compared to the peer group median of 7.59, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Forvia ranked 8 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Forvia is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Forvia reported a total carbon footprint of 39,692,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.42% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Forvia's total carbon footprint was Scope 3 emissions, accounting for 99.02% of the company's total carbon footprint, followed by Scope 2 emissions at 0.71%.a