Valeo

Valeo's reported carbon emissions

In 2023, Valeo reported total carbon emissions of approximately 45.2 billion kg CO2e, comprising 186 million kg CO2e from Scope 1, 464 million kg CO2e from Scope 2, and about 44 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from the use of sold products (approximately 36.2 billion kg CO2e) and purchased goods and services (about 8 billion kg CO2e). Valeo has set ambitious climate commitments, aiming for carbon neutrality by 2050 across all its operations and supply chain, which includes Scopes 1, 2, and upstream Scope 3 emissions. In the near term, the company targets a 75% reduction in absolute Scope 1 and 2 emissions by 2030, compared to a 2019 baseline. Additionally, Valeo aims to reduce its Scope 3 emissions from purchased goods and services and the direct and indirect use of sold products by 15% by 2030. These targets have been validated by the Science Based Targets initiative (SBTi) and align with a 1.5°C scenario, demonstrating Valeo's commitment to addressing climate change effectively. The company's long-term strategy, encapsulated in its CAP 50 plan, underscores its dedication to achieving comprehensive carbon neutrality across its entire value chain by 2050.