Magna Sustainability Profile
Magna International Inc., commonly known as Magna, is a leading global automotive supplier headquartered in California. Founded in 1957, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Specialising in the design, engineering, and manufacturing of automotive systems, Magna is renowned for its innovative solutions across various business areas, including body and chassis, powertrain, and electronics. With a commitment to sustainability and advanced technology, Magna offers a diverse range of products and services that set it apart in the competitive automotive industry. The company has achieved significant milestones, including numerous awards for excellence in engineering and manufacturing. As a prominent player in the market, Magna continues to drive advancements in vehicle design and production, solidifying its position as a trusted partner for automotive manufacturers worldwide.
DitchCarbon Score
How does Magna'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 Furniture 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
Magna's score of 91 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magna's reported carbon emissions
In 2024, Magna International Inc. reported significant carbon emissions, with Scope 1 emissions totalling approximately 418,963,000 kg CO2e and Scope 2 emissions at about 1,158,866,000 kg CO2e. For 2023, the company disclosed Scope 1 emissions of around 424,561,000 kg CO2e and Scope 2 emissions of approximately 1,150,656,000 kg CO2e globally. Notably, their Scope 3 emissions were reported at approximately 57,842,606,000 kg CO2e, highlighting the extensive impact of their supply chain and product use. Magna has set ambitious climate commitments, aiming for carbon neutrality in Scope 1 and Scope 2 emissions by 2025 in its European operations and by 2030 globally. Additionally, the company targets a 42% reduction in absolute Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions by 2030, using 2021 as the baseline year. Long-term, Magna is committed to reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from the same baseline. These targets align with the Science Based Targets Initiative (SBTi) and reflect Magna's commitment to sustainable practices within the automotive sector. The company is actively working towards achieving these goals, demonstrating a proactive approach to mitigating climate change impacts.
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| 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 334,000,000 | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 983,000,000 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - |
How Carbon Intensive is Magna's Industry?
How Carbon Intensive is Magna's Location?
Magna's Scope 3 Categories Breakdown
Magna's Scope 3 emissions, which increased by 2% last year and decreased by approximately 1% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 52% of Scope 3 emissions.
Top Scope 3 Categories
Magna'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.
Magna 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
Common questions about Magna's sustainability data and climate commitments