Magna International Inc 2023 Sustainability Report
Company: Magna International Inc
Sector: Manufacturing
Country: Canada
Year: 2023
Type: Sustainability Report
Pages: 101
The report describes Magna's approved science-based targets, including a 42% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions by 2030 from a 2021 baseline, alongside a 90% reduction across Scopes 1, 2 and 3 by 2050. It reports 2023 Scope 1 emissions of 424,561 t and Scope 2 emissions of 1,150,656 t, with 22% of global electricity purchases from renewable sources. Water withdrawals were 15% below the 2019 baseline, and 96.2% of waste generated was diverted from landfill.
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