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European Climate Pact

Overview

Location

France

Sector

Manufacturing

Organisation type
Business

Company Information

Faurecia is a tier 1 aupplier to the automotive industry. The company develops mobility solutions and is based in Nanterre Cedex, France. The company employs 150,000 peope and reported a turnover of 15.6 billion Euro in 2021.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Faurecia has a target to reduce absolute scopes 1 and 2 CO2e emissions 80% by 2025 from a base year of 2019
  • Faurecia has a target to reduce absolute scopes 1 and 2 CO2e emissions 80% by 2025 from a base year of 2019
  • Faurecia has a target to reduce absolute scope 3 CO2e emissions 45% by 2030 from a base year of 2019
  • Faurecia has a target to reduce absolute scope 3 CO2e emissions 45% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Faurecia has a target to consume 100% of electricity from renewable sources by 2025 from a baseline of 18% renewable electricity consumption in 2019.

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • 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 (28/07/2022)

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

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022