Autoliv, Inc., the worldwide leader in automotive safety systems, today announced its plan to become carbon neutral in its own operations by 2030 and aims for net-zero emissions across its supply chain by 2040. Autoliv is also committing to the Science Based Targets initiative.
“Autoliv’s vision of Saving More Lives, drives all our work. Sustainability is firmly rooted in our business strategy and as a market leader in our field, our efforts are aligned with the broader society’s agenda. To lead the way and being an active contributor to sustainable mobility and society is a business priority for us. It strengthens our market leadership and competitive edge”, says Mikael Bratt, President and CEO Autoliv.
As the first automotive safety components supplier, Autoliv is to become carbon neutral in its own operations by 2030, and furthermore aims for net-zero emissions across its supply chain by 2040. This places us among the frontrunners in the broader group of automotive suppliers.
The automotive industry is undergoing significant structural changes, not least in electrification of the powertrain. Autoliv is already actively supporting this development through research and development of products, specifically for electric vehicles. With these new targets we strengthen our support to our customers in reducing supply chain emissions.
In line with the Paris Agreement on climate, Autoliv’s climate strategy includes committing to the Science Based Targets initiative and the Business Ambition for 1.5°C. We have initiated the process to get targets and ambition levels validated and approved.
The work to define a concrete abatement strategy is ongoing. The scope will cover all main levers for decarbonization, such as renewable electricity in our own and supplier operations, low carbon logistics, energy- and materials efficiency, and low carbon materials. Our more detailed roadmap will be outlined in connection with the Autoliv Capital Markets Day in November.
SOURCE: Autoliv
