SOUTHFIELD, Mich., July 30,
2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a
global automotive technology leader in Seating and E-Systems,
today released its 2023 Sustainability Report, outlining the
company's progress on its climate goals, sustainable product
innovations, supplier sustainability efforts and inclusion
initiatives.
"Through hundreds of efficiency projects and the increased use
of renewable energy at our operations around the world, we are
pleased to report that Lear is making progress toward our climate
goals," said Ray Scott, Lear
President and CEO. "In addition, major automakers are adopting our
sustainable product innovations, which are designed to reduce
environmental impact, lower carbon emissions and use recycled and
recyclable content to support a global circular economy."
Key highlights from the report include:
Environmental Stewardship
- Reported Scope 3 emissions data for the first time, with Scope
1, 2 and 3 data verified by a third party
- Commissioned four new on-site solar arrays; now using renewable
energy generated at 14 sites in six countries
- Sourced 100% of electricity from renewable sources for all
facilities in Germany,
Portugal, Spain and the United
Kingdom
- Achieved landfill-free status at 39 facilities in 15
countries
Sustainable Products
- Supplied 2023 PACE Award finalist ReNewKnit™ sueded surface
material, made from 100% recycled plastic bottles, for seating and
other interior applications for multiple global automakers in
2024
- Launched FlexAir™, a 100% recyclable non-foam alternative that
has the potential to reduce CO2e emissions by up to 50% and reduce
weight by up to 20%, with a major global automaker
- Enhancing electric vehicle performance with Lear's Intercell
Connection Boards and Battery Disconnect Units
Supporting our People
- Provided 7.5 million hours of developmental, compliance and
corporate training
- Piloted Lear's JumpStart program to help mid-career
professionals who have been out of the workforce update their
skills and pursue new opportunities
Governance
- Enhanced efforts to support supplier sustainability with
expanded training on human rights for suppliers and Lear's
procurement teams
- Conducted a survey, via a third party, of more than 8,000
global salaried employees to assess Lear's ethical culture
"It is our job to make our business sustainable for the benefit
of the people who work here, as well as those who invest in us, the
customers we supply and the communities we support around the
world," said Harry Kemp, Lear Senior
Vice President, Chief Administrative Officer and General Counsel.
"A key to our success has been the dedication of our team members
who have participated in volunteer efforts around the world.
Whether planting trees or addressing local needs, they have helped
further Lear's efforts to protect our people and the
environment."
Lear reports with reference to the GRI Standards, as well as the
Sustainability Accounting Standards Board (SASB) framework and the
Task Force on Climate-related Financial Disclosures (TCFD)
recommendations. To download Lear's 2023 Sustainability
Report, visit lear.com/sustainability.
About Lear Corporation
Lear, a global automotive technology leader in Seating and
E-Systems, enables superior in-vehicle experiences for consumers
around the world. Lear's diverse team of talented employees in 38
countries is driven by a commitment to innovation, operational
excellence, and sustainability. Lear is Making every drive better™
by providing the technology for safer, smarter, and more
comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major
automaker in the world and ranks 174 on the Fortune 500. Further
information about Lear is available at lear.com.
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SOURCE Lear Corporation
