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Major auto manufacturer will run 100% renewable electricity by 2030 [View all]
Magna International is a global automotive contract manufacturer that currently reigns as the largest in North America and the fourth largest on the planet. It currently operates 351 production and assembly facilities across North America, Europe, Asia, South America, and Africa – and is only getting bigger.
In the last year alone, Magna has committed close to $1 billion toward the expansion of its North American operations, including $470 million in Canada, where it’s globally headquartered, in addition to another $500 million in Michigan, where its US headquarters sits.
The company also committed nearly $800 million to the state of Tennessee to build a new manufacturing plant in Ford’s BlueOval City. Such massive footprints of manufacturing around the world come with their fair share of carbon emissions, something Magna International has previously recognized and worked to offset.
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In addition to setting net-zero goals, Magna has committed to having all its European operations running on 100% renewable electricity by 2025 and worldwide by 2030. Magna says it will require a lot of education and effort across its entire staff, Rolodex of partners, and customers to truly tackle climate change, but the company has contributed to discussions to help keep the conversation going, like the Suppliers Partnership for the Environment (SP), for example. SP is an open forum created to promote collaboration across the global automotive supply chain, including automakers, suppliers, the US EPA, and other governments.
-snip-
In the last year alone, Magna has committed close to $1 billion toward the expansion of its North American operations, including $470 million in Canada, where it’s globally headquartered, in addition to another $500 million in Michigan, where its US headquarters sits.
The company also committed nearly $800 million to the state of Tennessee to build a new manufacturing plant in Ford’s BlueOval City. Such massive footprints of manufacturing around the world come with their fair share of carbon emissions, something Magna International has previously recognized and worked to offset.
-snip-
In addition to setting net-zero goals, Magna has committed to having all its European operations running on 100% renewable electricity by 2025 and worldwide by 2030. Magna says it will require a lot of education and effort across its entire staff, Rolodex of partners, and customers to truly tackle climate change, but the company has contributed to discussions to help keep the conversation going, like the Suppliers Partnership for the Environment (SP), for example. SP is an open forum created to promote collaboration across the global automotive supply chain, including automakers, suppliers, the US EPA, and other governments.
-snip-
Scooter Doll | Aug 29 2023 - 4:30 am PT
Full Article: https://electrek.co/2023/08/29/magna-commits-reaching-net-zero-emissions-2050-renewable-energy-2030
9 replies
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