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Furniture Manufacturing
CA
updated 8 days ago

Magna

Company website

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.

88

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.

26

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.

93%

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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 emissions. 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 1,000,000 kg CO2e from Scope 1 and 1,486,910 kg CO2e from Scope 2 across various regions, including significant contributions from the US and Canada. The company has also established a target to reduce absolute Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by 2030, using 2021 as the baseline year. Magna's long-term goal includes a 90% reduction in absolute Scope 1, 2, and 3 emissions by 2050, also from a 2021 baseline. These targets align with the Science Based Targets Initiative (SBTi) and reflect the company's commitment to sustainable practices within the automotive sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2010201620172018201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Magna's primary industry is Furniture; other manufactured goods n.e.c. (36), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Magna is in CA, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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