Magna International Inc
Magna International Energy Data Preview
In 2023, Magna International disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Magna International also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Magna International also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
However, Magna International did not provide a breakdown of its energy sources or generation technologies, limiting visibility into its energy mix and the role of renewables versus fossil fuels.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Magna International's Energy Renewability
In 2023, Magna International consumed a total of 20.08 million Gigajoules of energy across its operations. Of this total, 12.9% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 87.1% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Magna International's Energy Renewability Rate
How much of Magna International's energy consumed is renewable?
In 2023, Magna International consumed a total of 20.08 million Gigajoules of energy, of which 12.9% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Magna International has considerable room to improve its energy sustainability strategy.
Are Magna International's energy practices becoming more sustainable?
Since 2021, Magna International's total energy consumption increased by 2.01%, including a 1.1% increase in 2023, reflecting a sustained rise in overall energy demand.
Over the same period, the share of renewable energy in Magna International's consumption increased by 57.32%, including a 46.59% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Magna International has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energy—mitigating the environmental impact of its growing consumption.
Magna International's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed