Magna International Inc
Magna International's Climate Target Data Preview
As of 2024, Magna International has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Magna International's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Processing of Sold Products (Cat. 10), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2040 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Processing of Sold Products (Cat. 10), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2050 |
Verified Sources Behind Magna International’s Climate Targets Data
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Insights into Magna International's Greenhouse Gas Emissions Pathways
As of 2024, Magna International has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does Magna International have a target to reduce the emissions from its operations?
As of 2024, Magna International has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Magna International's most ambitious operational target is to reduce these emissions by 42% by 2030, compared to a baseline of 1,525,997 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.a
Instead of reducing operational emissions, Magna International has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.a
Magna International's Operational (Scope 1+2) Emissions Pathway
Does Magna International have a target to reduce the emissions from its value chain?
As of 2024, Magna International has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Magna International's most ambitious value chain target is to reduce these emissions by 25% by 2030, compared to a baseline of 58,655,441 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.a
As of 2023, Magna International is lagging behind on its value chain emissions reduction target, having achieved 5.56% of the planned reduction.a
Magna International's Value Chain (Scope 3) Emissions Pathway
Does Magna International have a target to reduce its total carbon footprint?
As of 2024, Magna International has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Magna International's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 60,181,438 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021, by 90% by 2050.a
As of 2023, Magna International is lagging behind on its total carbon footprint reduction target, having achieved 1.41% of the planned reduction.a