Forvia
Carbon footprint
Primary Climate Goal
Forvia aims to achieve carbon neutrality for Scope 1 + 2 by 2025
Secondary Climate Goal
Forvia aims to reduce Scope 3 by 46% by 2030 from a base year 2019
GHG emissions and Carbon intensity
Forvia reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 722 Kt (-74 /-9.3% y-o-y). Also positively, carbon intensity tumbled to 39 t (-8.1 /-17.2% y-o-y).
Forvia's Scope 3 emissions grew to 27,023 Kt (
The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -181 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Also, the company commits to reducing Scope 3 by 46% by 2030 from a base year 2019, which translates into the estimated reduction of -1,149 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Forvia aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.