Iochpe Maxion Sustainability Profile
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 55 is higher than 71% 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 2024, Iochpe-Maxion reported total greenhouse gas emissions of approximately 4,148,884,400 kg CO2e, with Scope 1 emissions at about 54,334,300 kg CO2e, Scope 2 emissions at approximately 39,271,300 kg CO2e, and Scope 3 emissions at around 4,148,884,400 kg CO2e. The previous year, 2023, saw total emissions of about 3,599,753,500 kg CO2e, with Scope 1 at approximately 51,062,200 kg CO2e and Scope 2 at about 38,852,800 kg CO2e. Iochpe-Maxion has set ambitious climate commitments, aiming for a 70% reduction in Scope 1 and 2 emissions by 2030, relative to a 2019 baseline. Additionally, they have committed to a 90% reduction in absolute Scope 1 and 2 emissions by 2040. For Scope 3 emissions, the company targets a 25% reduction from purchased goods and services by 2030, using 2024 as the baseline year. The company is also committed to achieving net-zero greenhouse gas emissions across its value chain by 2040, aligning with the Science Based Targets initiative (SBTi) standards. These targets reflect Iochpe-Maxion's dedication to sustainability and reducing its carbon footprint in the automotive components sector.
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| 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Iochpe Maxion's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Iochpe Maxion has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
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