- Supply chain disruptions
- intense competition
- customer concentration
- semiconductor chip supply disruptions and price increases
- regional energy supply and pricing
- product launch
- operational underperformance
- labour disruptions
- skilled labour attraction/retention
- commodity cost volatility
Magna International Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Magna International Inc. disclosed greenhouse gas emissions of 1.6M tCO2e/year. By scope: Scope 1: 424.6K tCO2e/year; Scope 2: 1.2M tCO2e/year; Scope 3: 108.2M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.6M tCO2e/year
2023
Water Usage
6.6K megaliters/year
2023
Energy Use
5.6M MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 424.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.2M tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 108.2M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.6M tCO2e/year |
| 2021 | 29.4K t CO₂eq (market-based); 50210 t CO₂eq (location-based) |
| 2019 | 2.1M metric tons (preliminary) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 2 emissions (Market-based) in connection with the purchase of Energy Attribute Certificates (RECs etc).
- Reduction of energy related emissions based on on-site energy reduction projects.
- Achieved a 15% reduction in water use at the end of 2023 compared to the 2019 baseline year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce energy consumption by 5% in 2024 and 4% in 2025 compared to 2023 energy consumption.
- Achieve annual savings of at least USD 50 million by the end of 2025 from energy savings.
- Reduce water use by 1.5% per year, aiming for a 15% reduction by 2030 (referencing 2019 as the baseline year).
📅 Medium-term
- Achieve a 42% reduction in Scope 1 and Scope 2 emissions and a 25% reduction in Scope 3 emissions by 2030 (from a 2021 baseline).
- Aim for 100% renewable energy in European operations by 2025 and globally by 2030.
🔭 Long-term
- Achieve net-zero emissions by 2050 (requiring a 90% reduction in Scope 1, 2, and 3 emissions from a 2021 baseline).
🌱 ESG Focus Areas
Climate ChangeWaterForestsBiodiversity