Valeo

Valeo, a French-headquartered company in the motor vehicles, trailers and semi-trailers industry, reported its most recent emissions data for 2023. The company's total emissions for 2023 were approximately 45.2 billion kg CO2e. This included Scope 1 emissions of about 186 million kg CO2e, Scope 2 emissions of roughly 464 million kg CO2e, and Scope 3 emissions totalling approximately 44.5 billion kg CO2e. Key contributors to Scope 3 emissions were the use of sold products (around 36.2 billion kg CO2e) and purchased goods and services (about 8 billion kg CO2e).

Looking ahead, Valeo has set ambitious climate commitments. The company aims for carbon neutrality across all its operating activities and supply chain (Scopes 1, 2, and upstream Scope 3) by 2050, with an additional goal of 100% carbon neutrality in its European operations (Scopes 1, 2, and 3, including end-use of products).

In the near term, Valeo has set Science Based Targets initiative (SBTi) validated goals for 2030, compared to a 2019 baseline. These include:

• A 75% absolute reduction in Scope 1 and 2 GHG emissions.
• A 15% absolute reduction in Scope 3 GHG emissions from purchased goods and services.
• A 15% absolute reduction in Scope 3 GHG emissions from the direct and indirect use of sold products.

In 2022, Valeo reported total emissions of approximately 45.2 billion kg CO2e, comprising Scope 1 emissions of about 191 million kg CO2e, Scope 2 emissions of around 517 million kg CO2e, and Scope 3 emissions of roughly 44.7 billion kg CO2e. For 2021, total emissions were approximately 49.6 billion kg CO2e, with Scope 1 emissions of about 193 million kg CO2e, Scope 2 emissions of around 582 million kg CO2e, and Scope 3 emissions of roughly 44.9 billion kg CO2e.