Sustainability

Valeo has committed to achieving carbon neutrality by 2050 and will have already reached 45% of its objective by 2030.

By 2030, our emissions will have decreased by 45% across our entire value chain – including the emissions from our suppliers, our own operating activities and the end use of our products – compared with 2019.

By 2050, we will have achieved carbon neutrality for all of our own operating activities and across our entire supply chain worldwide and will be 100% carbon neutral (including the end use of our products) in Europe.

We are also a signatory of the “Business Ambition for 1.5°C” campaign which brings together companies committed to achieving carbon neutrality by 2050 using the strict framework of the Science Based Targets initiative.

Jacques Aschenbroich

"The entire automotive industry is investing heavily to combat global warming. At Valeo, the reduction of CO2 emissions has been central to our strategy since 2010, and sales generated from technologies that help to reduce CO2 emissions have grown 20-fold to around 10 billion euros in 2021. We intend to continue our efforts, with the aim of achieving carbon neutrality by 2050 and reaching nearly half of this objective by 2030."

Chairman of the Board of Directors and Chief Executive Officer of Valeo

Jacques Aschenbroich

Key figures at end of December 2020

  • 0

    % of order intake made up of new innovations*

  • 0

    direct and indirect emissions as a % of sales (tCO2/M€)

  • 0

    million euros invested in R&D

  • 0

    in three new vehicles worldwide is fitted with one of our electrical systems that help to reduce CO2 emissions.

  • 0

    % of our total sales are derived from our electrification technologies

* Product and technology in series production for less than 3 years (including JV Valeo-Siemens)

Our commitment to sustainability

Our commitment to protecting the environment is reflected in our innovations, which create new, eco responsible products. It can also be seen in our environmentally efficient industrial processes, and our work with suppliers towards achieving sustainability goals. In addition, our priorities include ensuring the health and safety of our employees, creating a culturally diverse workforce, and promoting social dialog and open discussions with institutions.

Our commitments by 2050

75%

Reduce emissions related to our operating activities by 75%*, from 1.1 million to 0.28 million metric tons of CO² (Scopes 1 and 2)*

400M€

invested to reduce emissions related to our operating activities (Scopes 1 and 2)*

By 2030, we are committed to reducing:

  • emissions related to our supply chain by 15%*, from 9.5 million to 8.1 million metric tons of CO2 (upstream Scope 3)*

  • emissions related to the end use of our products (Scope 3 downstream)* by 15%*, from 39 million to 33.1 million metric tons of CO2. This reduction is expected to rise to 50% when taking into account emissions avoided thanks to our electrification technologies, with CO2 emissions declining from 39 million to 19.5 million metric tons.

We will set the same CO2 emissions reduction objectives for its suppliers.

Awards

Since 2010, we have reduced our water consumption by almost half and our energy and packaging consumption by almost a third. This global approach has enabled us to be recognized today as the most exemplary automotive player in terms of sustainable development by all organizations and benchmark indices.

#1*

#1*

Asset manager RobecoSAM, which assesses companies’ non-financial performance in light of how sustainable development challenges are shaping their business models, publishes the DJSI in partnership with S&P Dow Jones Indices.

#1

#1

MSCI Inc., is an American finance company headquartered in New York City and serving as a global provider of equity, fixed income, hedge fund stock market indexes, multi-asset portfolio analysis tools and ESG products.

#1*

#1*

ISS ESG is the responsible investment arm of Institutional Shareholder Services Inc., the world’s leading provider of environmental, social and governance solutions for asset owners, asset managers, hedge funds and asset servicing providers.

#1

#1

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. CDP recognized Valeo for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data reported by the company through CDP’s 2020 climate change questionnaire.

Corporate Knights is a media, research and financial information products company, focused on promoting an economic system where prices fully incorporate social, economic and ecological costs and benefits, and market participants are clearly aware of the consequences of their actions. Corporate Knights ranked Valeo as the most sustainable company in the automotive sector, among the world’s 100 most sustainable listed corporations.

#1

#1

Sustainalytics is a company that rates the sustainability of listed companies based on their environmental, social and corporate governance performance.

* excl. Tyres companies

4 pillars

innovation_4_piliers

Innovation

Innovation

Developing future mobility

We develop and produce innovative and eco-responsible technologies for intuitive driving and CO2 emissions reduction.

environnementale

Environmental sustainability

Environmental sustainability

Increasing eco-efficiency

We actively manage our environmental performance at all our sites to reduce our ecological footprint and limit the impact of our activities through reduction of resource consumption and waste emissions.

travail_1000x667_acf_cropped

Workplace

Workplace

Supporting our employees

We constantly ensure optimum workplace conditions for our employees and promote diversity and human capital development.

societe

Society

Society

Committing to corporate citizenship

Sustainable development is central to our purchasing policy with suppliers and we support the communities in which we operate through worldwide local initiatives.

Sustainability Timeline

Discover the Group's commitments and actions that drive sustainable growth.

Sustainable development is one of our strategic pillars. The actions and policies carried out by the Group reflect our commitment to creating mobility that is safer, more accessible, and more respectful of the environment.

1990s
1991
1997
1998
2001
2003
2005
2007
2008
2008
2010
2011
2013
2015
2016
2016
2017
2018
2019

1990s

Valeo publishes its Environmental Policy.

Poland-Skawina-2019-15_500

1991

Launch of an environmental audit program for all Valeo production sites.

ISO-14001-VEN

1997

The first Valeo production site receives ISO 14001 certification.

By 2019, 87% of plants are certified.

1998

Publication of the Valeo Risk Management Manual and Environmental Charter.

See the 2019 Registration document, page 43

2001

Implementation of a Group-wide environmental reporting tool.

2003

Valeo joins the United Nation Global Compact.

fondation_garches_Logo_500_262

2005

Valeo becomes a founding member of the Institut Garches (now known as the Garches Foundation). The organization was created to provide support to those with motor disabilities by facilitating their professional and personal integration into society.

See the website in French

fondation_garches_Logo_500_262

2007

Valeo creates a corporate philanthropy program in collaboration with the Garches foundation focusing on wheelchair innovation.

See the website in French

2008

Implementation of the Valeo Energy Efficiency Program.

2008

Valeo publishes its Sustainable Development Charter.

See the 2009 Registration document, page 90

2010

Following the arrival of Jacques Aschenbroich as Chairman & CEO, the Group launches its new strategy, based on two pillars: growth through innovation – by developing products and equipment to reduce CO² emissions as well as autonomous and connected cars; and geographic development in regions with high growth potential.

See the press release in French

2011_sustainable_development_report_cover_en

2011

Valeo publishes its first Sustainable Development Report.

ISO-50001

2013

The first Group production sites receive ISO 50001 certification. As of 2019, 22.5% of Valeo sites have been certified ISO 50001.

2015

Valeo sets new environmental targets for 2016-2020.

See the 2015 Activity and sustainable development report, page 55

2016

Valeo publishes its materiality matrix, mapping out the company’s main sustainable development challenges.

See the 2016 Registration document, page 162

2016

Valeo is listed on the Dow Jones Sustainability Index (DJSI World and DJSI Europe).

2017

Creation of a Governance, Appointments & Corporate Social Responsibility Committee within the Board of Directors.

See the 2016 Registration document, page 163

chapter_2_2018_Registration_document

2018

Valeo publishes its non-financial risk matrix in compliance with the French and European legal framework.

See chapter 2 of the 2018 Registration document, page 81

2019

Valeo is awarded the highest score – AAA – in the ESG rating from Morgan Stanley Capital International, positioning it as the leader in the automotive equipment sector.

See the press release