Energy Efficiency, GHG Emissions, Industrial  -  August 12, 2024

PHINIA Reduces Emissions by 10% 

PHINIA Inc., a fuel systems, electrical systems, and aftermarket solutions company, achieved a 9.9% annual reduction in carbon emissions through energy efficiency, footprint optimization and green energy sourcing initiatives.

As released in its 2023 Sustainability Report, the company also achieved a 4.8% annual energy consumption reduction across all sites through several energy efficiency projects. 

“We are proud to share our inaugural Sustainability Report following our launch as an independent company in July 2023,” said Brady Ericson, President and CEO of PHINIA, in a statement. “While aspects of PHINIA may be new, our commitment to sustainability has long been embedded in our business and culture. As we reflect on this foundational year, we recognize the importance of establishing our sustainability strategies that form the bedrock for long-term performance. This report reflects our commitment to proactively advancing sustainability today with the goal of powering a cleaner tomorrow through enhanced efficiency, innovative technologies, and responsible practices."

PHINIA also announced the formation of a Sustainability Council and Sustainability Steering Committee and the integration of board-level oversight.

In 2023, the company invested 78% of its R&D spend in fuel efficiency and alternative fuel technologies, with 30% dedicated to zero- and lower-carbon fuel systems. PHINIA also received its first major business award for a hydrogen fuel cell program application for medium-duty trucks and secured a significant gasoline direct injection (GDi) program for light vehicle plug-in electric hybrid programs.

PHINIA is implementing a process to quantify and reduce the lifecycle emissions for all significant new product development. The process will be used to calculate the air, water and resource impacts of new products across their lifecycle and optimize methods to reduce environmental impact.