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OrganisationsVeoneer
Veoneer logo

Veoneer

Motor Vehicle ManufacturingSwedenNYSE: VNE
Last verified 9 days agoveoneer.com

Veoneer, a leading name in the motor vehicles, trailers, and semi-trailers industry, is headquartered in Sweden (SE). Founded in 2018, the company has quickly established itself as a key player in advanced driver assistance systems (ADAS) and autonomous driving technologies. With a strong operational presence across Europe, North America, and Asia, Veoneer focuses on delivering innovative safety solutions that enhance vehicle performance and protect passengers.

The company's core offerings include cutting-edge sensor technologies, software, and systems integration, all designed to meet the evolving demands of the automotive market. Veoneer's commitment to safety and innovation has positioned it as a trusted partner for major automotive manufacturers, contributing to its notable achievements in the industry. As the automotive landscape continues to shift towards automation, Veoneer remains at the forefront, driving advancements that shape the future of mobility.

18
DitchCarbon score

-12 vs industry average

Veoneer’s score of 18 is lower than 34% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

High

Motor Vehicle Manufacturing has above-average carbon intensity

Industry performance

0.256
20192025

The Motor Vehicle Manufacturing industry has reduced its overall emissions by 8% since 2019

Emissions trajectory 2020 – 2025

00.0M00.0M00M0.0M0

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202020212022202320242025

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Veoneer's reported carbon emissions

Veoneer, headquartered in Sweden and operating within the motor vehicles, trailers and semi-trailers industry (34), has established ambitious climate commitments. The company aims for carbon-neutral operations by 2030, encompassing its own manufacturing and technology centres. Looking further ahead, Veoneer has set a target for carbon-neutral products by 2039, covering the entire lifecycle from sourcing to disposal, and aims to be a carbon-neutral company by 2040.

In terms of emissions data, for 2022, Veoneer reported Scope 1 emissions of approximately 1,364,000 kg CO2e and Scope 2 emissions of about 16,686,000 kg CO2e. Scope 3 emissions for business travel in 2022 were approximately 2,439,000 kg CO2e, with purchased goods and services data being missing for this scope. The total combined Scope 1 and 2 emissions for 2022 amounted to approximately 18,049,000 kg CO2e.

For 2021, Veoneer reported Scope 1 emissions of approximately 2,942,000 kg CO2e and Scope 2 emissions of about 19,572,000 kg CO2e. Scope 3 emissions for business travel in 2021 were approximately 713,000 kg CO2e. The total combined Scope 1 and 2 emissions for 2021 were approximately 22,514,000 kg CO2e, generated with a reported revenue of approximately $1.66 billion USD.

In 2020, Veoneer's Scope 1 emissions were approximately 3,526,000 kg CO2e, with Scope 2 emissions at about 19,455,000 kg CO2e. Scope 3 emissions for business travel were approximately 3,160,000 kg CO2e. The total combined Scope 1 and 2 emissions for 2020 were approximately 22,981,000 kg CO2e, with revenue reported at approximately $1.37 billion USD.

For 2019, Veoneer reported Scope 1 emissions of approximately 7,595,340 kg CO2e and Scope 2 emissions of about 41,316,380 kg CO2e. The total combined Scope 1 and 2 emissions for 2019 were approximately 48,911,740 kg CO2e, generated with a reported revenue of approximately $1.90 billion USD. Scope 3 emissions were not disclosed for 2019.

It is important to note that Veoneer's emissions data is cascaded from its current parent company, ARIVER HOLDCO, INC.

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Veoneer’s Climate Goals (2030 & 2050)

3 goals

2030

Carbon neutral operations by 2030 (own manufacturing and tec…

Carbon neutral operations by 2030 (own manufacturing and tech centers)

Insufficient data0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

1 of 15 categories disclosed
Business Travel100%
Business Travel100%

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Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Veoneer logoVeoneer
SEMotor Vehicle Manufacturing
9 days ago
18
Panasonic logoPanasonic
JPElectrical Machinery Manufacturing
6 days ago
99
View
Magna logoMagna
CAFurniture Manufacturing
29 days ago
94
View
Continental logoContinental
DEMotor Vehicle Retail Services
13 days ago
91
View
Texas Instruments logoTexas Instruments
USElectrical Machinery Manufacturing
24 days ago
79
View
Zf logoZf
DEMotor Vehicle Manufacturing
23 days ago
76
View
Robert Bosch GmbH logoRobert Bosch GmbH
DEMotor Vehicle Manufacturing
15 hours ago
73
View

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Ditchcarbonv260708.3
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Ditch Carbon Ltd

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