AUBURN HILLS, Mich.,
Sept. 1, 2020 /PRNewswire/
-- BorgWarner, a global leader in clean and efficient
propulsion system solutions for combustion, hybrid and electric
vehicles, has released its annual sustainability report, which
outlines the company's strategy, objectives, focus areas and
achievements. "Purpose Propelled" is a comprehensive report
comprised of several key sections, including environmental
stewardship, social responsibility, governance and performance
data. The company's comprehensive sustainability strategy
focuses on sustaining its business by creating a cleaner, more
energy-efficient world to benefit its employees, customers,
communities and the planet, through accelerating its clean mobility
technologies; fostering an engaging and safe workplace; and
partnering with and reporting to
stakeholders.
"BorgWarner strives to make the vehicles we drive more efficient
and the world we live in cleaner, while supporting our employees by
putting safety at the forefront of everything we do and giving back
to the communities where we live and work," said Frédéric Lissalde,
President and CEO, BorgWarner Inc. "I am incredibly proud of the
strides the company has made and continues to make in
sustainability as we further support our vision of a clean and
energy-efficient world."
Environmental stewardship
One of the goals BorgWarner
has set for the coming years – after already exceeding its 2020
operational environmental goals – is to reduce its carbon emissions
intensity by 50% (from its 2015 baseline) by the year 2030. To
further support its strategy, all its manufacturing facilities are
ISO 14001 certified for their environmental management systems
(EMS) and they all have established waste recycling programs, some
of which have achieved zero waste to landfill. Six of the company's
locations are Leadership in Energy and Environmental Design (LEED)
certified, with efficiency measures at those and other plants that
include solar panels and solar water heaters, rainwater collection
systems and solar tube lighting.
In 2019, greater than 80% of BorgWarner's revenue came from
electric, hybrid, and emissions-reducing combustion parts, such as
turbochargers, exhaust gas recirculation (EGR) valves and coolers,
engine timing systems, dual clutch transmission (DCT) and control
modules, and more. As cleaner mobility adoption accelerates,
BorgWarner expects to generate 36% of its revenue from products on
hybrid and electric vehicles by 2023.
Social responsibility
Understanding that employees are its backbone, safety remains at
the forefront of the company's efforts. Overall, its global
workforce accident total recordable incident rate (TRIR) has
improved 75% over the last decade. In recognition of safety
achievements, eight locations across the world earned BorgWarner's
CEO Safety Excellence Award for working 1 million consecutive
hours, or three years, without a recordable incident. Additionally,
to put the importance of safety in the spotlight, the company
hosted its first, global annual Safety Day in 2019 where workers,
their families and their respective communities participated in
safety-focused events and educational activities. In 2019, the
company (along with its employees) also made significant
contributions to its communities, including donating $2.8 million, supporting more than 580 charitable
activities, and dedicating nearly 63,000 hours of their time to
important causes.
Beyond a focus on safety, BorgWarner makes a concerted effort to
nurture employee growth and foster inclusivity. In recognition of
its continuous efforts, BorgWarner received more than a dozen
awards commemorating its diversity, employee health and overall
workplace endeavors. This includes being named to Forbes'
America's Best Employers 2019 (for a second year in a row), 2020
Bloomberg Gender Equality Index, Healthiest 100 Workplaces in
America, Newsweek's America's Most Responsible Companies
2020, Detroit Free Press's Top Workplaces (second year in a
row) and more.
Governance
At BorgWarner, ultimate oversight for
sustainability lies with the Board of Directors, while its Strategy
Board approves its strategy and goals, and provides resources to
meet performance targets. In the interest of transparency, it has
made a commitment to continuous reporting against the
Sustainability Accounting Standards Board framework as well as the
Global Reporting Initiative standard. BorgWarner plans to update
its supplier agreements to state its expectations that all
suppliers meet minimum sustainability performance standards and has
set a goal to assess at least 80% of its high-impact and high-risk
suppliers on an ongoing basis. Additionally, in 2020, BorgWarner
launched its Quality Award program, patterned after its Safety
Award, to recognize plants with outstanding performance based on
quality, launch and warranty performance factors.
To read BorgWarner's complete 2020 Sustainability Report,
"Purpose Propelled", visit borgwarner.com.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a
global product leader in clean and efficient technology solutions
for combustion, hybrid and electric vehicles. With manufacturing
and technical facilities in 67 locations in 19 countries, the
company employs approximately 29,000 worldwide. For more
information, please visit borgwarner.com.
Sustainability efforts aid BorgWarner in
achieving vision for clean, energy-efficient world
Learn More
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