Commit

Valeo is committed to transforming mobility and is developing an environmental strategy based on 2 main pathways:

significantly reducing its direct and indirect CO₂ emissions thanks to the Cap 50 plan;
deploying a circular economy with a dedicated program, the 4R program.

The Group is also committed to supporting its employees through local programs, and encourages diversity throughout its workforce.

Aerial view of a large industrial park and a large area of ground covered with solar panels in the countryside.

Contributing to carbon neutrality

Valeo is pursuing its work in line with its plan to contribute to carbon neutrality, adopted in 2021. The Cap 50 plan initiatives cover the entire value chain, including:

suppliers;
operating activities;
the end use of products sold by the Group.

Commitments for 2050 and 2030

By 2050, the Group is committed to achieving net-zero emissions across all operating activities and supply chain⁽¹⁾.

Valeo is developing a plan to reduce Scope 1 and 2 emissions from its operating activities by 75% and its upstream (supply chain) and downstream (product use) Scope 3 emissions by 15%, in absolute terms, by 2030 compared with the 2019 baseline.

In all, Valeo aims to reduce its emissions across all scopes by 17% by 2030. These targets have been approved by the SBTi⁽²⁾.

In parallel, the Group's technologies are expected to enable third parties to avoid 13.6 MtCO₂eq. of greenhouse gas emissions, or the equivalent of 27% of its 2019 baseline emissions.

net-zero by 2050

across all operating activities and supply chain⁽¹⁾

⁽¹⁾ Net-zero across all of its operating activities and its supply chain worldwide (Scopes 1 and 2 and upstream Scope 3), and across the entire life cycle of its products in Europe (Scopes 1, 2 and 3, including the end use of its products).

⁽²⁾ Science Based Targets initiative.

Several people around a cage with parts in the workshop of a manufacturing plant

Accelerating the circular economy

Aware of the importance of the circular economy in its industry, Valeo strengthened its circularity program in 2023, following its rollout in 2022.
The Group's objective is to gradually extend this program to all its geographies, in addition to Europe, and to all products, including electronics.

The 4R circular economy program

According to the Circularity Gap Report, the global economy is barely circular today, with only 7% of resources cycled back into use. Aware of the importance of the circular economy in its industry and markets, Valeo deployed the 4R circularity program in 2022, which was strengthened in 2023.

The 4R program is based on 4 pillars:

Valeo 4R circulary economy. Repair: giving malfunctioning products a second chance. Remanufacturing: reusing end-of-life products by rebuilding them as new. Recycle(d): as a last resort, returning end-of-life products to the raw material state to be re-injected into new products. Robust design: maximazing products' useful lives.

Valeo's approach

Valeo's approach addresses the full range of circularity issues, including:

prevention and management of waste;
collecting damaged or obsolete products from across the Group;
recycling process waste;
reusing packaging materials;
sustainably using resources, with policies and action plans covering water use and supply and the more efficient use of fewer raw materials.

The 4R program is proving to be most impactful in the development of Valeo's aftermarket business: over 1 million parts are reconditioned and repaired every year.

2030 target

2 million

products remanufactured per year (x2 vs 2021)

Encouraging diversity among our employees

The Valeo Group's human capital is characterized by a broad variety of its employees' professions, backgrounds and profiles.

Valeo works for diversity, equity and inclusion in four areas:

gender equity;
intergenerational cohesion;
cultural diversity;
the inclusion of people with disabilities.

Encouraging the representation of women

The representation of women within Valeo is progressing in line with the Group’s objectives. In 2024, the objective was even exceeded, with women representing 24.6% of executives. The Group's action plan includes a number of initiatives aimed at boosting the presence of women at all levels of the organization, and in particular on the management committees. In 2024, 42% of Board members were women.

Valeo intends to further accelerate its efforts and has set itself the objective of having 32% women in managerial positions within the Group by 2030.

Two women engineers in an illumination laboratory

134

nationalities

22%

proportion of employees under 30

proportion of employees with disabilities

25.6%

proportion of women on management committees

Several operators on break in a green area of a factory.

Supporting our employees

One of the pillars of Valeo's CSR policy is its commitment to corporate citizenship. This is why, in September 2024, the Group launched “One site, One cause”, a new employee volunteering program.

Promoting community involvement through “One site, One cause”

“One site, One cause” is the new program under which Valeo Group employees can volunteer to take part in initiatives that promote education, solidarity, mobility for all, and the environment.

There are numerous initiatives around the world, ranging from skills sponsorship programs to donation campaigns and one-off events. They are defined by each entity to contribute to the Group's four common causes, while remaining closely aligned with the areas that are most relevant in the local area.

Education: the Valeo Library project in China involves building school libraries and distributing books to help educated children in disadvantaged rural areas.
Solidarity: employees in various countries support underprivileged populations by donating practical gifts at the end of the year. In France, a partnership has been set up with the Restos du Cœur food charity, in which ten Valeo sites have taken part, including Etaples, Issoire and Paris Courcelles.

200 gift boxes

for underprivileged populations collected in France at the end of 2024 in partnership with Restos du Cœur

Several people lined up for a group photo

Governance

The Board of Directors

The Board of Directors determines Valeo's business strategies and ensures that they are implemented effectively. Its members guide management and decision-making in support of the Group's growth. Gilles Michel is Chairman of the Board of Directors.

Several people lined up for a group photo in front of an old building

The Board of Directors

Gilles Michel^*, Chairman of the Board of Directors
Christophe Périllat, Chief Executive Officer
Alexandre Dayon^*
Eric Chaurirey⁽¹⁾, Director representing employee shareholders
Éric Poton⁽¹⁾, Director representing employees
Véronique Weill^*
Bruno Bézard^*
Mari-Noëlle Jégo-Laveissière^*
Fonds Stratégique de Participations^*, represented by Julie Avrane
Bpifrance Participations^*, represented by Alexandre Ossola
Sascha Zahnd^*
Stéphanie Frachet^*
Patrick Sayer^*
Grzegorz Szelag⁽¹⁾, Director representing employees
Beatriz Puente

(1) Directors representing employees and employee shareholders do not count for the purpose of determining the proportion of (i) independent directors in accordance with the recommendation in Article 10.3 of the AFEP-MEDEF Code, and (ii) gender diversity in accordance with Articles L. 225-23 and L. 225-27-1 of the French Commercial Code.

* Independent directors.

directors

42%

women

The Executive Committee

The Executive Committee steers the operational management of Valeo's Divisions, coordinates project management and contributes to the implementation of the Group's strategy. Christophe Périllat is Valeo's Chief Executive Officer.

Several people lined up for a group photo inside an office.

From left to right : Xavier Dupont, Chief Executive Officer of the POWER Division and Group Executive Vice President; Marc Guédon, Chief Purchasing Officer; Édouard de Pirey, Chief Financial Officer; Catherine Delhaye, Chief Ethics, Compliance and Data Protection Officer; Maurizio Martinelli, Chief Executive Officer of the LIGHT Division and Group Executive Vice President; Christophe Périllat, Chief Executive Officer; Marc Vrecko, Chief Executive Officer of the BRAIN Division and Group Executive Vice President; Agnès Park, Chief Human Resources Officer; Éric Antoine Fredette, Group General Counsel and General Secretary; François Marion, Chief Communications Officer; Detlef Juerss, Chief Sales and Business Development Officer; Éric Schuler, Chief Executive Officer of Valeo Service Activity.