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 56 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Magna's reported carbon emissions
In 2023, Magna International Inc. reported significant carbon emissions, with Scope 1 emissions totalling approximately 105,229,850 kg CO2e and Scope 2 emissions amounting to about 13,758,560 kg CO2e (market-based). The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. To achieve this, Magna has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2021 as the baseline year. Additionally, the company aims to cut absolute Scope 3 GHG emissions by 25% by the same year. Long-term, Magna is committed to a 90% reduction in absolute emissions across all scopes by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect Magna's commitment to addressing climate change and reducing its environmental impact. The company's headquarters is located in Canada, where it continues to implement strategies to meet these ambitious goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 334,000,000 | - | - | - | - | - | 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 |
| 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 committed to some reduction initiatives 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.
