In 2024, Magna International 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) and Scope 2 (indirect emissions from purchased energy).
However, Magna International has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 418,963a | 424,561a | 433,636a | |
Total Scope 2 | ||||
Market-Based | 1,158,866a | 1,150,656a | 1,168,803a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | N/A | 57,842,606a | 56,561,629a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.1783a | 9.9203a | 11.4597a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Magna International amounted to 1,577,829 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 Magna International increased by 0.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Magna International were 418,963 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Magna International's Scope 1 emissions have decreased by 3.97%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Magna International's Scope 1 emissions decreased by 1.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Magna International reported Scope 2 greenhouse gas (GHG) emissions of 1,158,866 tCO₂e using the market-based method.a
Since 2021, Magna International's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have remained relatively stable, indicating that Magna International's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Magna International's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Magna International's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Magna International reported its Scope 2 emissions using the market-based method.a
In 2024, Magna International reported Scope 1 greenhouse gas (GHG) emissions of 418,963 tCO₂e and total revenues of USD 58,365 millions. This translates into an emissions intensity of 7.18 tCO₂e per millions USD.a
In 2024, Magna International reported a Scope 1 emissions intensity of 7.18 tCO₂e per millions USD. Compared to the peer group median of 7.49, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Magna International ranked 13 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Magna International is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a