
BorgWarner released its 2023 sustainability report, "Accelerating Action," today.
"2022 was another year of significant progress for BorgWarner. I am incredibly proud of the contributions of every person in our company, collectively working together toward the same goals," says Frederic Lissalde, BorgWarner's president and CEO. "At our 2023 Investor Day earlier this month, we unveiled Charging Forward 2027, which underscores our commitment to operating sustainably as we accelerate our electrification strategy. The continued support of our employees and collaboration with industry partners enables us to build on our momentum, in pursuit of a clean, energy-efficient world and achieving carbon neutrality by 2035."
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Highlights from the report include:
- 88% of 2022 sales from clean and emissions-reducing products and investing 53% of 2022 research and development in electrification products.
- Submitting targets to reduce Scope 1, 2 and 3 emissions to the Science Based Target Initiative.
- Kicking off workstreams dedicated to reducing our Scope 3 emissions by 25% by 2031 versus a 2021 baseline.
- Reducing overall energy consumption by 13% versus 2021 as a result of several actions, including the use of smart meters at BorgWarner's manufacturing sites.
- Promoting an inclusive workforce through numerous initiatives, including campus partnerships, scholar programs, second-chance hiring programs and more.
- Upskilling our workforce through specialized programs such as Power to Evolve, which gives mechanical engineers the skills they need to work on electric drive systems.
- Continuing to focus on responsible supply chain management.