Magna
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 88 is higher than 93% 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 total greenhouse gas emissions of approximately 1,677,870,000 kg CO2e, comprising 418,963,000 kg CO2e from Scope 1 and 1,158,866,000 kg CO2e from Scope 2. 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 2023, Magna's emissions data revealed a total of approximately 1,424,000,000 kg CO2e, with Scope 1 emissions at 424,561,000 kg CO2e and Scope 2 emissions at 1,150,656,000 kg CO2e. Notably, the company has committed to reducing its absolute Scope 1, 2, and 3 greenhouse gas emissions by 90% by 2050, using 2021 as the baseline year. Additionally, Magna aims for a near-term reduction of 42% in Scope 1 and 2 emissions and 25% in Scope 3 emissions by 2030. Magna's climate strategy aligns with the Science Based Targets Initiative (SBTi), reinforcing its commitment to sustainable practices within the automotive sector. The company is actively working towards achieving these targets, which are crucial for 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 | - |
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.
Magna 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.
