Sustainability and carbon neutrality
Valeo has committed to achieving carbon neutrality by 2050 and will have already reached 45% of its objective by 2030.
"We made a very strong and ambitious commitment to achieve carbon neutrality by 2050 and reach just under half of this objective by 2030. Valeo’s emissions will have decreased by 45% across its entire value chain – including CO2 emissions from its suppliers, its own operating activities and the end use of its products – compared with 2019. This commitment is our contribution to a major societal issue – the fight against global warming. And naturally, we will continue to invent, design and develop technologies that contribute to cleaner mobility in all its forms."
Carbon neutrality: our commitments by 2050
75%
Reduce emissions related to our operating activities by 75%*, from 1.1 million to 0.28 million metric tons of CO2 (Scopes 1 and 2)*
400M€
invested to reduce emissions related to our operating activities (Scopes 1 and 2)*
By 2030, we are committed to reducing:
-
emissions related to our supply chain by 15%*, from 9.5 million to 8.1 million metric tons of CO2 (upstream Scope 3)*
-
emissions related to the end use of our products (Scope 3 downstream)* by 15%*, from 39 million to 33.1 million metric tons of CO2. This reduction is expected to rise to 50% when taking into account emissions avoided thanks to our electrification technologies, with CO2 emissions declining from 39 million to 19.5 million metric tons.
We will set the same CO2 emissions reduction objectives for its suppliers.
Sustainability Awards
Since 2010, we have reduced our water consumption by almost half and our energy and packaging consumption by almost a third. This global approach has enabled us to be recognized today as the most exemplary automotive player in terms of sustainable development by all organizations and benchmark indices.
#1*
Asset manager RobecoSAM, which assesses companies’ non-financial performance in light of how sustainable development challenges are shaping their business models, publishes the DJSI in partnership with S&P Dow Jones Indices.
#1
MSCI Inc., is an American finance company headquartered in New York City and serving as a global provider of equity, fixed income, hedge fund stock market indexes, multi-asset portfolio analysis tools and ESG products.
#1*
ISS ESG is the responsible investment arm of Institutional Shareholder Services Inc., the world’s leading provider of environmental, social and governance solutions for asset owners, asset managers, hedge funds and asset servicing providers.
#1
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. CDP recognized Valeo for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data reported by the company through CDP’s 2020 climate change questionnaire.
Corporate Knights is a media, research and financial information products company, focused on promoting an economic system where prices fully incorporate social, economic and ecological costs and benefits, and market participants are clearly aware of the consequences of their actions. Corporate Knights ranked Valeo as the most sustainable company in the automotive sector, among the world’s 100 most sustainable listed corporations.
#1
Sustainalytics is a company that rates the sustainability of listed companies based on their environmental, social and corporate governance performance.
4 pillars for an efficient sustainability strategy
Innovation
Innovation
Developing future mobility
We develop and produce innovative and eco-responsible technologies for intuitive driving and CO2 emissions reduction.
Environmental sustainability
Environmental sustainability
Increasing eco-efficiency
We actively manage our environmental performance at all our sites to reduce our ecological footprint and limit the impact of our activities through reduction of resource consumption and waste emissions.
Workplace
Workplace
Supporting our employees
We constantly ensure optimum workplace conditions for our employees and promote diversity and human capital development.
Society
Society
Committing to corporate citizenship
Sustainable development is central to our purchasing policy with suppliers and we support the communities in which we operate through worldwide local initiatives.
Sustainability Timeline
Discover the Group's commitments and actions that drive sustainable growth.Sustainable development is one of our strategic pillars. The actions and policies carried out by the Group reflect our commitment to creating mobility that is safer, more accessible, and more respectful of the environment.
1990s
1991
1997
1998
2001
2003
2005
2007
2008
2008
2010
2011
2013
2015
2016
2016
2017
2018
2019
1990s
Valeo publishes its Environmental Policy.
1991
Launch of an environmental audit program for all Valeo production sites.
1997
The first Valeo production site receives ISO 14001 certification.
By 2019, 87% of plants are certified.
1998
Publication of the Valeo Risk Management Manual and Environmental Charter.
See the 2019 Registration document, page 43
2001
Implementation of a Group-wide environmental reporting tool.
2005
Valeo becomes a founding member of the Institut Garches (now known as the Garches Foundation). The organization was created to provide support to those with motor disabilities by facilitating their professional and personal integration into society.
See the website in French
2007
Valeo creates a corporate philanthropy program in collaboration with the Garches foundation focusing on wheelchair innovation.
See the website in French
2008
Implementation of the Valeo Energy Efficiency Program.
2008
Valeo publishes its Sustainable Development Charter.
See the 2009 Registration document, page 90
2010
Following the arrival of Jacques Aschenbroich as Chairman & CEO, the Group launches its new strategy, based on two pillars: growth through innovation – by developing products and equipment to reduce CO2 emissions as well as autonomous and connected cars; and geographic development in regions with high growth potential.
See the press release in French
2013
The first Group production sites receive ISO 50001 certification. As of 2019, 22.5% of Valeo sites have been certified ISO 50001.
2015
Valeo sets new environmental targets for 2016-2020.
See the 2015 Activity and sustainable development report, page 55
2016
Valeo publishes its materiality matrix, mapping out the company’s main sustainable development challenges.
See the 2016 Registration document, page 162
2017
Creation of a Governance, Appointments & Corporate Social Responsibility Committee within the Board of Directors.
See the 2016 Registration document, page 163
2018
Valeo publishes its non-financial risk matrix in compliance with the French and European legal framework.
See chapter 2 of the 2018 Registration document, page 81
2019
Valeo is awarded the highest score – AAA – in the ESG rating from Morgan Stanley Capital International, positioning it as the leader in the automotive equipment sector.
See the press release
