Ti Fluid Systems

TI Fluid Systems, a US-headquartered company in the motor vehicles, trailers, and semi-trailers industry, reported its most recent emissions for 2024. Its total greenhouse gas emissions were approximately 1.28 billion kg CO2e. This included Scope 1 emissions of around 24.1 million kg CO2e, Scope 2 emissions of approximately 162.2 million kg CO2e, and Scope 3 emissions of about 1.09 billion kg CO2e.

Looking back, in 2023, the company's total emissions were approximately 1.29 billion kg CO2e, comprising Scope 1 emissions of about 27.1 million kg CO2e, Scope 2 emissions of around 193.1 million kg CO2e, and Scope 3 emissions of approximately 1.07 billion kg CO2e.

TI Fluid Systems has established several climate commitments and reduction targets:

• Near-term SBTi Target (2030): The company commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 50% by 2030, using a 2021 base year. Additionally, it aims to reduce absolute Scope 3 GHG emissions by 30% within the same timeframe. These targets are classified as consistent with a 1.5°C warming scenario by the Science Based Targets initiative (SBTi).
• Long-term Target (2039): TI Fluid Systems has a long-term target to achieve a 37.5% reduction in Scope 1 and Scope 2 emissions by 2039, compared to 2019 levels on a like-for-like basis. Interim milestones for this target include a 16% reduction by 2029 and a 26% reduction by 2034, both against 2019 levels.