Valeo

Valeo, headquartered in France and operating in the motor vehicles, trailers, and semi-trailers industry, has set ambitious climate commitments, with a focus on achieving carbon neutrality and significant emissions reductions across its value chain.

Emissions Data:

In 2023, Valeo reported total emissions of approximately 45.2 billion kg CO2e. This included:

• Scope 1 emissions: Approximately 186 million kg CO2e, with stationary combustion accounting for about 157.1 million kg CO2e, mobile combustion for about 15.2 million kg CO2e, and fugitive emissions for about 12.1 million kg CO2e.
• Scope 2 emissions: Approximately 464 million kg CO2e.
• Scope 3 emissions: Approximately 44.5 billion kg CO2e, with use of sold products contributing about 36.2 billion kg CO2e, purchased goods and services about 8 billion kg CO2e, and employee commute about 235 million kg CO2e. Upstream transportation and distribution accounted for approximately 317 million kg CO2e.

Looking back, in 2022, Valeo's total emissions were also approximately 45.2 billion kg CO2e, comprising about 191 million kg CO2e from Scope 1, 517 million kg CO2e from Scope 2, and approximately 44.7 billion kg CO2e from Scope 3.

For 2021, total emissions were around 49.6 billion kg CO2e, with Scope 1 at approximately 193 million kg CO2e, Scope 2 at about 582 million kg CO2e, and Scope 3 at around 44.9 billion kg CO2e.

Climate Commitments and Targets:

Valeo is committed to achieving carbon neutrality by 2050 across all its operating activities and its entire supply chain (Scopes 1, 2, and upstream Scope 3), as outlined in its CAP 50 plan. This commitment also extends to achieving 100% carbon neutrality in its European operations for Scopes 1, 2, and 3, including the end use of its products.

The company has near-term Science-Based Targets initiative (SBTi) validated targets aligned with a 1.5°C scenario:

• Scope 1 and 2 Emissions: Valeo aims to reduce absolute Scope 1 and 2 GHG emissions by 75% by 2030, compared to a 2019 baseline. This includes specific targets for Scope 1 emissions reduction by 75% and Scope 2 emissions reduction by 75% by 2030 from a 2019 baseline.
• Scope 3 Emissions: Valeo is committed to reducing absolute Scope 3 GHG emissions by 15% by 2030 from a 2019 baseline. This includes a 15% reduction in emissions from purchased goods and services and a 15% reduction in emissions from the direct and indirect use of sold products by 2030 from a 2019 baseline.

Looking ahead to 2025, Valeo forecasts total emissions of approximately 39.4 billion kg CO2e, with Scope 1 and 2 estimated at 400 million kg CO2e, and Scope 3 at about 39 billion kg CO2e.