Veoneer Sustainability Profile
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 32 is higher than 54% 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 related to business travel. This marks a significant reduction from 2022, where total emissions were about 18,049,000 kg CO2e, with Scope 1 emissions at 1,364,000 kg CO2e, Scope 2 at 16,686,000 kg CO2e, and Scope 3 at 2,439,000 kg CO2e. Veoneer's emissions data is cascaded from its parent company, Arriver Holdco, Inc., which influences its reporting and performance metrics. Despite the substantial emissions figures, there are currently no specific reduction targets or climate pledges disclosed by Veoneer, indicating a potential area for future commitment and improvement in their sustainability strategy. The company has consistently reported emissions across all three scopes since 2019, demonstrating transparency in its environmental impact. The latest data reflects a proactive approach to managing carbon emissions, although further initiatives and targets would enhance its climate commitments.
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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 |
How Carbon Intensive is Veoneer's Industry?
How Carbon Intensive is Veoneer's Location?
Veoneer's Scope 3 Categories Breakdown
Veoneer's Scope 3 emissions, which decreased by 59% last year and decreased by approximately 95% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Veoneer's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Veoneer has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
