GKN Reduces Total CO2e Emissions by 10.5%

GKN Reduces Total CO2e Emissions by 10.5%

GKN said its sustainability strategy is based around four strategic pillars, as it aims for its emissions reduction target to be net-zero across its value chain by 2045.

GKN Automotive published its latest Sustainability Progress Report, which includes a reduction in total CO2e emissions by 10.5% in 2023,

GKN said its sustainability strategy is based around four strategic pillars: Climate Action, Our People, Responsible Sourcing and Our Impact. Each pillar is tied to targets that focus the company’s efforts. GKN said its long-term carbon emissions reduction target is to be net-zero across its value chain by 2045.

Further highlights in the report include:

  • 10% of electricity consumed was certified renewable, up from 7% in 2022. This included purchasing 100% renewable electricity at three sites in Europe.
  • 87% of R&D expenditure was on products that contribute to the decarbonisation of the industry, exceeding the 50% target for 2023. In 2024, GKN Automotive increased this target to 90%.
  • 74% of new business across its Driveline and ePowertrain product groups was awarded to GKN Automotive on EV platforms.
  • New charitable giving framework launched with a network of local community champions. In 2023, 85% of sites had local charitable relationships, marking an improvement on 2022 and further progress towards the target of 100% by 2025.
  • Supplier Assurance questionnaire rolled out to strategic supplier base to assess suppliers on ESG performance.
  • Successfully met the target of maintaining an Accident Frequency Rate of below 0.1% per year, ensuring health and safety remains a priority.
  • Awarded a Silver rating for sustainability by EcoVadis, the globally-recognized sustainability and benchmarking platform, placing the company within the top 3% of participants within its category.

“We have spent the last three years carving out a clear pathway to meet our targets and embedding this strategy across our global operations, so I’m delighted to see the progress we’ve made across our targets in 2023″ said Dr. Claire Wyatt, chief people, communications & sustainability officer at GKN Automotive. “We’re still in the early stages of our sustainability journey and have much more to accomplish, but I’m confident in the continued progress we can make together with our employees, suppliers and customers.”

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