Valeo

Valeo, headquartered in France and operating in the Motor Vehicles, Trailers and Semi-Trailers industry, reported total Scope 1, 2 and 3 emissions of approximately 45.2 billion kg CO2e in 2023. This included around 186 million kg CO2e from Scope 1 emissions, about 464 million kg CO2e from Scope 2 emissions, and approximately 44.5 billion kg CO2e from Scope 3 emissions. For 2022, the company's total emissions were also around 45.2 billion kg CO2e, comprising roughly 191 million kg CO2e for Scope 1, approximately 517 million kg CO2e for Scope 2, and about 44.7 billion kg CO2e for Scope 3. Looking further back, in 2021, Valeo reported total emissions of approximately 49.6 billion kg CO2e.

Valeo is committed to achieving carbon neutrality by 2050 across all its operating activities and its entire supply chain worldwide (covering Scope 1, 2, and upstream Scope 3 emissions). The company also aims for 100% carbon neutrality in its European operations (including Scope 1, 2, and 3 emissions, notably from the end-use of its products) by 2050.

The company has set several near-term reduction targets, validated by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C scenario. Valeo aims to reduce its absolute Scope 1 and 2 GHG emissions by 75% by 2030, compared to a 2019 baseline. Furthermore, Valeo has committed to reducing its absolute Scope 3 GHG emissions from purchased goods and services by 15% by 2030, and absolute Scope 3 GHG emissions from the direct and indirect use of sold products by 15% by 2030, both against a 2019 baseline.