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 2023, Magna International Inc. reported significant carbon emissions, with Scope 1 emissions totalling approximately 424,561,000 kg CO2e and Scope 2 emissions at about 1,150,656,000 kg CO2e. The company has set ambitious climate commitments, aiming for carbon neutrality in its European operations by 2025 and globally by 2030, covering both Scope 1 and Scope 2 emissions. For the year 2024, Magna's emissions were reported as 418,963,000 kg CO2e for Scope 1 and approximately 1,158,866,000 kg CO2e for Scope 2. The company has also disclosed its Scope 3 emissions, which reached about 57,842,606,000 kg CO2e in 2023, indicating a comprehensive approach to its carbon footprint. Magna's long-term targets include a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2050, using 2021 as the baseline year. Additionally, the company aims for a near-term reduction of 42% in Scope 1 and 2 emissions and 25% in Scope 3 emissions by 2030. These commitments align with the Science Based Targets Initiative (SBTi) and reflect Magna's dedication to sustainable practices within the automotive industry. The company is actively working towards achieving these targets, demonstrating a proactive stance in addressing climate change.
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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.
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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