Veoneer
Veoneer, Inc., a leading global provider of advanced safety systems, is headquartered in Stockholm, Sweden, with significant operations across North America, Europe, and Asia. Founded in 2018, Veoneer emerged from the automotive technology sector, focusing on innovative solutions in active safety, automated driving, and vehicle connectivity. The company offers a range of unique products, including advanced driver assistance systems (ADAS) and cutting-edge sensor technologies, designed to enhance vehicle safety and performance. Veoneer's commitment to research and development has positioned it as a key player in the automotive industry, with notable achievements in partnerships and collaborations with major automotive manufacturers. As the demand for safer and smarter vehicles continues to grow, Veoneer remains at the forefront, driving innovation and setting industry standards.
DitchCarbon Score
How does Veoneer'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 Vehicles 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
Veoneer's score of 32 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Veoneer's reported carbon emissions
In 2023, Veoneer reported total carbon emissions of approximately 10.3 million tonnes CO2e, comprising 535,000 tonnes from Scope 1, 9.8 million tonnes from Scope 2, and 990,000 tonnes from Scope 3 emissions. This marks a significant reduction from previous years, with total emissions decreasing from about 22.5 million tonnes CO2e in 2021 and 22.9 million tonnes CO2e in 2020. Veoneer's emissions profile indicates a strong reliance on purchased electricity, which accounted for the majority of their Scope 2 emissions. The company has not publicly set specific reduction targets under the Science Based Targets initiative (SBTi) or other frameworks, and their CDP scores have varied, with recent assessments indicating a score of "F" for 2021. Despite the lack of formal reduction commitments, Veoneer is actively engaged in sustainability efforts, focusing on reducing emissions associated with business travel and the use of sold products. The company continues to monitor and report its emissions, aiming for ongoing improvements in its environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,527,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 25,767,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 20,084,000 | 0,000,000 | 000,000 | 0,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Veoneer is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
