Iochpe Maxion
Iochpe Maxion, a prominent player in the automotive components industry, is headquartered in Brazil and operates extensively across South America, North America, and Europe. Founded in 1953, the company has established itself as a leader in the production of wheels and structural components for vehicles, catering to both light and heavy-duty segments. With a commitment to innovation, Iochpe Maxion offers a diverse range of products, including steel and aluminium wheels, as well as advanced structural solutions that enhance vehicle performance and safety. The company’s unique approach to manufacturing and sustainability has earned it a strong market position, recognised for its quality and reliability. Notable achievements include strategic partnerships with major automotive manufacturers, solidifying its reputation as a trusted supplier in the global market.
DitchCarbon Score
How does Iochpe Maxion's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Iochpe Maxion's score of 48 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iochpe Maxion's reported carbon emissions
In 2023, Iochpe Maxion, headquartered in Brazil, reported total carbon emissions of approximately 174,516,800 kg CO2e for Scope 1, 114,599,300 kg CO2e for Scope 2, and significant Scope 3 emissions of about 3,570,274,400 kg CO2e. This reflects their ongoing commitment to transparency in emissions reporting across all scopes. Over the years, Iochpe Maxion has demonstrated a proactive approach to reducing its carbon footprint. In 2022, the company achieved Scope 1 emissions of approximately 171,034,200 kg CO2e and Scope 2 emissions of about 166,615,200 kg CO2e, alongside Scope 3 emissions reaching approximately 3,420,168,400 kg CO2e. The trend indicates a focus on managing emissions effectively, particularly in Scope 3, which often constitutes the largest share of total emissions for companies in the automotive sector. Iochpe Maxion has committed to achieving net-zero emissions by 2050, as part of their long-term climate strategy. This commitment encompasses all scopes of emissions, aligning with the Science Based Targets initiative (SBTi) guidelines. The company is actively working towards this goal, having established a near-term target status of "Committed" as of 2023. Overall, Iochpe Maxion's emissions data and climate commitments reflect a robust strategy aimed at reducing their environmental impact while maintaining transparency and accountability in their sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 186,467,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 264,717,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,124,822,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Iochpe Maxion is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
