Magna Powertrain Inc. Sustainability Profile
Magna Powertrain Inc., a leading name in the automotive industry, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Founded in 1957, the company has established itself as a pioneer in powertrain systems, specialising in advanced engineering and manufacturing solutions for both conventional and electrified vehicles. With a diverse portfolio that includes driveline systems, electric vehicle components, and innovative transmission technologies, Magna Powertrain stands out for its commitment to quality and sustainability. The company has achieved significant milestones, including numerous industry awards for its cutting-edge designs and contributions to vehicle efficiency. Recognised for its strong market position, Magna Powertrain Inc. continues to drive innovation, making it a trusted partner for major automotive manufacturers worldwide.
DitchCarbon Score
How does Magna Powertrain Inc.'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 Motor Vehicle Retail Services 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 Powertrain Inc.'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 Powertrain Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. However, the company is part of a broader corporate family under Magna International Inc., which has established various climate commitments and initiatives. As a current subsidiary of Magna International Inc., Magna Powertrain Inc. benefits from the sustainability strategies and targets set by its parent company. Magna International Inc. has engaged in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), which aim to reduce greenhouse gas emissions across its operations. These initiatives are designed to align with global climate goals and demonstrate a commitment to sustainability. While specific reduction targets for Magna Powertrain Inc. are not detailed, the overarching goals from Magna International Inc. suggest a proactive approach to addressing climate change. The company is expected to adhere to the sustainability frameworks and performance metrics established by its parent organisation, which may include ambitious targets for reducing Scope 1, 2, and 3 emissions. In summary, while Magna Powertrain Inc. does not currently provide specific emissions data or reduction targets, it is aligned with the climate commitments of Magna International Inc., reflecting a commitment to sustainability and responsible environmental stewardship within the automotive industry.
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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 | - |
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Magna Powertrain Inc.'s Scope 3 Categories Breakdown
Magna Powertrain Inc.'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.
Top Scope 3 Categories
Magna Powertrain Inc.'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 Powertrain Inc. 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.
