Veoneer
Veoneer, Inc., a leading player in the automotive technology sector, is headquartered in Sweden (SE) and operates extensively across Europe, North America, and Asia. Founded in 2018, Veoneer emerged from the automotive safety division of Autoliv, marking a significant milestone in the development of advanced driver assistance systems (ADAS) and autonomous driving technologies. The company specialises in innovative safety solutions, including advanced sensors, software, and control systems that enhance vehicle safety and performance. Veoneer's unique approach combines cutting-edge technology with a commitment to safety, positioning it as a trusted partner for automotive manufacturers worldwide. With a strong market presence and notable achievements in the field, Veoneer continues to drive the future of mobility through its dedication to creating safer roads for all.
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 Vehicle 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
Veoneer's score of 37 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veoneer's reported carbon emissions
In 2023, Veoneer reported total carbon emissions of approximately 10,290,000 kg CO2e, comprising 535,000 kg CO2e from Scope 1, 9,755,000 kg CO2e from Scope 2, and 990,000 kg CO2e from Scope 3 emissions. This marks a significant reduction from previous years, with total emissions decreasing from about 18,049,000 kg CO2e in 2022 and 22,514,000 kg CO2e in 2021. Veoneer's emissions profile indicates a strong focus on reducing Scope 2 emissions, which are primarily associated with purchased electricity. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for further commitment in this area. Overall, Veoneer's commitment to addressing climate change is evident through its ongoing efforts to monitor and reduce emissions, particularly in Scope 1 and 2 categories. However, the absence of formal reduction targets highlights an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability.
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| 2019 | 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 not participating in any of the initiatives that 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.
