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European Climate Pact

Overview

Location

Spain

Sector

Manufacturing

Organisation type
Business

Company Information

CIE Automotive is a listed industrial group specialised in supplying components and subassemblies for the automotive market. It is headquartered in Bilbao, Spain. In 2021, it reported a revenue of 3.27 billion Euro and a total of 24,472 employees.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • CIE Automotive has a target to reduce absolute scope 1 CO2e emissions 5% by 2025 from a base year of 2017
  • CIE Automotive has a target to reduce absolute scope 2 CO2e emissions 5% by 2025 from a base year of 2017
  • CIE Automotive has a target to reduce absolute scope 2 CO2e emissions 25% by 2025 from a base year of 2018
  • CIE Automotive has a target to reduce intensity of scope 1 CO2e emissions 5% per unit revenue by 2025 from a base year of 2017
  • CIE Automotive has a target to reduce intensity of scope 2 CO2e emissions 5% per unit revenue by 2025 from a base year of 2018
  • CIE Automotive has a target to reduce intensity of scope 2 CO2e emissions 25% per unit revenue by 2025 from a base year of 2018
  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Water

North Star

  • CIE Automotive has a % increase in water use met through recycling/reuse target by 2025 from a base year of 2021 starting in 2021

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Water 2022

How we want to achieve this – our roadmap

  • Have a target to increase water recycling/reuse
  • Have a target to reduce water withdrawals 
  • Publicly disclose data on water-related impact to investors through a public platform
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues
  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022