Magna US Holding, Inc. Sustainability Profile
Magna US Holding, Inc., a prominent player 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 achieved significant milestones, establishing itself as a leader in the design and manufacturing of automotive systems and components. Specialising in areas such as vehicle electrification, powertrain systems, and advanced driver assistance systems, Magna US Holding distinguishes itself through innovative engineering and a commitment to sustainability. With a diverse portfolio of products, the company is well-positioned in the market, recognised for its cutting-edge technology and quality. Magna US Holding's notable achievements include numerous awards for excellence in manufacturing and a strong reputation for reliability, making it a trusted partner for major automotive manufacturers worldwide.
DitchCarbon Score
How does Magna US Holding, 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 Electrical Machinery 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 US Holding, 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 US Holding, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is part of a broader corporate family that includes Magna International Inc., from which it inherits climate commitments and initiatives. Magna International Inc. has established various climate initiatives, including targets set through the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). These commitments are cascaded down to Magna US Holding, Inc. at a second-level corporate relationship. While specific reduction targets for Magna US Holding, Inc. are not detailed, the overarching goals from Magna International Inc. reflect a commitment to reducing greenhouse gas emissions across its operations. As a current subsidiary, Magna US Holding, Inc. aligns with the sustainability strategies of its parent company, which includes efforts to transition to renewable energy sources and improve energy efficiency. The company is also involved in initiatives such as RE100, which aims for 100% renewable electricity, further demonstrating its commitment to climate action. In summary, while specific emissions data for Magna US Holding, Inc. is not available, the company is actively engaged in climate commitments inherited from Magna International Inc., focusing on sustainability and emissions reduction as part of its corporate strategy.
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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 US Holding, Inc.'s Scope 3 Categories Breakdown
Magna US Holding, 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.
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Magna US Holding, 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 US Holding, 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.
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