Magna

Magna, headquartered in CA and operating in the Furniture and other manufactured goods n.e.c. industry, has reported its carbon emissions and committed to ambitious climate goals.

In 2024, Magna's reported Scope 1 emissions were approximately 418,963,000 kg CO2e, Scope 2 emissions (market-based) were approximately 1,158,866,000 kg CO2e, and Scope 3 emissions totalled approximately 55,969,512,000 kg CO2e. This data was disclosed by Magna International Inc.

Looking ahead, Magna has set several climate commitments. The company aims for carbon neutrality in its European operations by 2025 and globally by 2030 for Scope 1 and Scope 2 emissions. Magna International Inc. has also committed to near-term absolute reductions, targeting a 42% decrease in Scope 1 and 2 GHG emissions and a 25% decrease in Scope 3 GHG emissions by 2030, both from a 2021 base year. These near-term targets are classified as consistent with a 1.5°C warming scenario by the Science Based Targets initiative (SBTi). For the long term, Magna International Inc. commits to reaching net-zero greenhouse gas emissions across the value chain by 2050, requiring a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions from a 2021 base year.