Climate change affects every single person and community on our planet, and we all have a role to play in limiting its progression.
In application of our company convictions and based on the most rigorous and conclusive scientific facts, we have built a roadmap for CO2 neutrality with three milestones:
- By 2025: Faurecia will be CO2 neutral for its internal emissions – scopes 1 & 2: Greenhouse gas emissions from Faurecia industrial facilities (natural gas combustion, purchase of electricity and heat). The Group will reduce its energy consumption by at least 15%.
- By 2030: Faurecia will halve its controlled emissions (-46%) – scope 3 except usage. This includes upstream and downstream activities: Purchases, lease, freight, travel, waste and recycling.
- By 2050 at the latest: Faurecia aims to reach net zero and be CO2 neutral for its total emissions – scope 3, including for the CO2 emissions of the cars the Group equips.
Partnering with global leading companies for our in-house (scopes 1&2) CO2 Neutral execution plan
For emissions reductions on scopes 1 and 2, Faurecia has entered into partnerships with Engie, EDP (Energias de Portugal), Schneider Electric and KPMG to execute an action plan in all our 300 sites, for energy saving (hardware, software and processes) and for renewable energy self-production (solar panels, as feasible).
For off-site produced electricity, we are negotiating PPAs (Power Purchase Agreements) to invest in greenfield renewable electricity production capacities: wind and solar.
Developing sustainable materials for our future products (scope 3)
Reducing our controlled scope 3 means using less and better materials that display ultra-low CO2 footprint.
Faurecia has launched a dedicated Sustainable Materials division to develop and industrialize breakthrough new materials made of biomass or recyclates. These are mainly polymers with automotive-grade performances replacing traditional plastics and skins.
In addition, Faurecia has secured a partnership with the Swedish steelmaker SSAB to develop parts made of fully decarbonated steel, as early as 2026.
CO2 Neutrality Project VP
Faurecia's emissions reduction targets have been approved by the Science Based Target initiative (SBTi) in 2020 for its operations (scopes 1 and 2) and are consistent with the reduction required to keep global warming to 1.5°C, in line with the Paris Agreement and the most ambitious designation available through the SBTi process.
Our commitment reads: "Faurecia commits to reduce absolute scope 1 and 2 GHG emissions 80% by 2025 from a 2019 base year. Faurecia also commits to reduce absolute scope 3 GHG emissions 46% by 2030 from a 2019 base year."
Early 2022, Faurecia committed to the new Science-Based Targets initiative (SBTi) Net-Zero Standard.