Magna International Inc

Common Name
Magna International
Country
Canada
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
155,000
Ticker
MG
Exchange
TORONTO STOCK EXCHANGE
Description
Magna International Inc. is a leading global automotive supplier that develops and manufactures a wide range of vehicles and systems for automakers around the world. With expertise in systems integrat...

Magna International Waste Data Preview

In 2023, Magna International conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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Total Waste Recovered
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Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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This table provides a simplified preview of selected waste data points. To access the complete dataset with full disclosures and structure, create a free account to purchase the full dataset.

Insights into Magna International's Waste Treatment Practices

In 2023, Magna International generated a total of 1,365,712 metric tonnes of waste.

Of this amount, 96.2% of Magna International's total waste generated was recovered through methods such as recycling, reuse, or composting, while 3.8% was disposed of through landfilling, incineration, or combustion.

Magna International's Waste Recovery Rate

96%

How much of Magna International's waste is recycled or recovered?

In 2023, Magna International reported a total waste generation of 1,365,712 metric tonnes, of which 96.2% was recovered through recycling, reuse, or composting. This high recovery rate suggests that Magna International has implemented strong circular economy practices and actively prioritizes sustainable waste management.

Has Magna International reduced its environmental waste footprint over time?

Since 2021, Magna International's total waste generation increased by 15.87%, but declined by 7.49% in the year 2023, suggesting a potential shift toward more efficient material use or the early impact of waste reduction strategies.

Over the same period, Magna International's waste recovery rate increased by 8.82%, including a 5.83% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal.

Overall, while Magna International has increased waste over the long term, recent reductions in waste generation and strong improvements in recovery indicate a strategic pivot toward better waste management and more sustainable practices.

Magna International’s Waste Recovery vs. Disposal Over Time

2021202220230400 k800 k1.2 M1.6 Mtonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Magna International’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Magna International generated a total of 1,365,712 metric tonnes of waste.

Of this amount, 3.9% of Magna International's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 96.1% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.

Magna International’s Hazardous vs Non-Hazardous Waste Over Time

2021202220230400 k800 k1.2 M1.6 Mtonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Magna International reduced the environmental impact of its waste?

Since 2021, Magna International's total waste generation increased by 15.87%, including a 7.49% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems.

Over the same period, Magna International reduced the hazardousness of its waste by 44.29%, with a further 9.3% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact.

Overall, Magna International has increased waste over time but is now demonstrating meaningful progress in both reducing waste generation and lowering its hazardous content, potentially signaling a turning point toward sustainability.

How does Magna International treat its hazardous waste?

In 2023, Magna International reported that 53,263 metric tonnes of its total waste output were classified as hazardous. This represents 3.9% of its overall waste generation.

The company treated this hazardous waste using a combination of methods. A majority (92%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that Magna International has established processes to reduce the environmental burden of its most harmful waste streams.

Breakdown of Magna International's Hazardous and Non-Hazardous Waste by Treatment Method

Non-Hazardous WasteRecovered(92.6%)
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