BorgWarner Releases 2023 Sustainability Report

BorgWarner Releases 2023 Sustainability Report

The report outlines the company's progress on ESG targets and role in world's transition to eMobility.

BorgWarner released its 2023 Sustainability Report, “Accelerating Action,” highlighting the progress the company made in 2022 toward meeting its environmental stewardship, social responsibility and governance (ESG) objectives and outlining additional goals for 2023 and beyond.

“2022 was another year of significant progress for BorgWarner. I am incredibly proud of the contributions of every person in our company, collectively working together toward the same goals,” said Frédéric Lissalde, president and CEO, BorgWarner Inc. “At our 2023 Investor Day earlier this month, we unveiled Charging Forward 2027, which underscores our commitment to operating sustainably as we accelerate our electrification strategy. The continued support of our employees and collaboration with industry partners enables us to build on our momentum, in pursuit of a clean, energy-efficient world and achieving carbon neutrality by 2035.”

As detailed in the report, BorgWarner says it is committed to accelerating the world’s transition to eMobility. Highlights include:

  • 88% of 2022 sales from clean and emissions reducing products and investing 53% of the company’s 2022 research and development in electrification products
  • Formally submitting the company’s targets to reduce Scope 1, 2, and 3 emissions to the Science Based Target Initiative (SBTi)
  • Kicking off workstreams dedicated to reducing the company’s Scope 3 emissions by 25% by 2031 versus a 2021 baseline
  • Reducing overall energy consumption by 13% versus 2021 as a result of several actions including the use of smart meters at BorgWarner’s manufacturing sites
  • Promoting an inclusive workforce through numerous initiatives, including campus partnerships, scholar programs, second chance hiring programs and more
  • Upskilling the company’s workforce through specialized programs such as “Power to Evolve” which gives mechanical engineers the skills they need to work on electric drive systems
  • Continuing to focus on responsible supply chain management

To read the complete report, visit: https://www.borgwarner.com/company/sustainability 

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