Nemak SAB de CV 2024 AR2
The report details Nemak's strategic and operational performance in 2024, highlighting its adaptability to shifting automotive trends, particularly the slowed adoption of electric vehicles. The company reinforced its leading position in the internal combustion engine (ICE) powertrain segment while continuing to build capabilities in e-mobility, structure, and chassis applications. Key financial achievements include generating US$4.9 billion in revenue and US$633 million in EBITDA, alongside positive free cash flow of US$27 million. On the sustainability front, Nemak achieved a 22% reduction in Scope 1 and 2 emissions compared to a 2019 baseline and surpassed its 2025 renewable electricity target by sourcing 30% of its electricity from renewable sources. Additionally, the company secured Aluminum Stewardship Initiative certifications for six of its facilities.
Company: Nemak SAB de CV
Sector: Consumer Discretionary
Country: Mexico
Year: 2024
Type: AR2
Pages: 185
Nemak SAB de CV
Annual Report
The report details Nemak's strategic and operational performance in 2024, highlighting its adaptability to shifting automotive trends, particularly the slowed adoption of electric vehicles. The company reinforced its leading position in the internal combustion engine (ICE) powertrain segment while continuing to build capabilities in e-mobility, structure, and chassis applications. Key financial achievements include generating US$4.9 billion in revenue and US$633 million in EBITDA, alongside positive free cash flow of US$27 million. On the sustainability front, Nemak achieved a 22% reduction in Scope 1 and 2 emissions compared to a 2019 baseline and surpassed its 2025 renewable electricity target by sourcing 30% of its electricity from renewable sources. Additionally, the company secured Aluminum Stewardship Initiative certifications for six of its facilities.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees