Sustainability Report

Overview

The report states that Magna's near- and long-term science-based targets were approved, including SBTi verification of its net-zero science-based target by 2050. It reports 2024 Scope 1 emissions of 418,963 metric tons and market-based Scope 2 emissions of 1,158,907 metric tons, alongside total energy consumption of 5,623,106 MWh and a 14.0% renewable-energy share. Magna also completed its first double materiality assessment and describes Board and Board-committee oversight of sustainability matters.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2024
Period: Ends 31 December 2024
Publication date: 27 March 2025
Language: English
Pages
File size

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
Basis

Assurance

Provider
Scope
Statement included
Metrics assured

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