Magna International Inc 2024 SR
The report outlines Magna International's sustainability strategy for fiscal year 2024, focusing on its commitment to achieving net-zero emissions by 2050. Key highlights include the approval of near- and long-term science-based targets by the SBTi and achieving a 10% energy intensity reduction compared to 2022. The company reported that 23% of its global electricity now comes from renewable sources and successfully implemented over 1,500 energy-saving projects. Additionally, Magna conducted its first double materiality assessment and climate scenario analysis aligned with ESRS and ISSB standards.
Company: Magna International Inc
Sector: Consumer Discretionary
Country: Canada
Year: 2024
Type: SR
Pages: 105
Magna International Inc
Sustainability Report
The report outlines Magna International's sustainability strategy for fiscal year 2024, focusing on its commitment to achieving net-zero emissions by 2050. Key highlights include the approval of near- and long-term science-based targets by the SBTi and achieving a 10% energy intensity reduction compared to 2022. The company reported that 23% of its global electricity now comes from renewable sources and successfully implemented over 1,500 energy-saving projects. Additionally, Magna conducted its first double materiality assessment and climate scenario analysis aligned with ESRS and ISSB standards.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 27, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees