Energy Efficiency, GHG Emissions, Industrial  -  June 16, 2022

BorgWarner Sets 2035 Goals

BorgWarner announced its commitment to a net zero carbon emissions future and its target of a 45% electric revenue mix by 2030. The company is on track to generate more than 25% of its revenue from electrified vehicle parts by 2025. 

Additionally, the company expects about 50% of its R&D budget will be spent on eProducts in 2022 and to exceed 50% by 2025.

BorgWarner seeks to achieve carbon neutrality in its operations by 2035, BorgWarner set a new interim goal to reduce its GHG emissions for Scope 1 and Scope 2 emissions by 85% in 2030, compared to its 2021 emissions. The company is also developing a Science Based Target Initiative GHG emissions reduction goal and will be estimating its Scope 3 emissions and determining its most crucial actions for GHG emission reduction.

To promote further advocacy and dedication to ESG at the highest levels of the organization, BorgWarner has linked 50% of the performance component of its executive long-term incentive plan compensation by incorporating an eProducts revenue mix metric.  

The company provided details in its 2022 Sustainability Report, “Charging Forward Together.”

“Our beliefs of inclusion, integrity, excellence, responsibility and collaboration are found in every aspect of our operations and guide us as we work toward our vision of a clean, energy-efficient world,” said Frédéric Lissalde, President and CEO, BorgWarner, Inc, in a statement. “We are proud of the significant progress we have made in recent years toward embracing sustainability in our culture and advancing electrification efforts in everything we do..”

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