Last Updated on: 22nd November 2023, 12:14 pm
Yanfeng, one of the world’s leading automotive suppliers, today published its 2022 sustainability report which outlines the company’s Environmental, Social and Governance (ESG) activities and its support for the Ten Principles of the United Nations Global Compact. In addition, the report focuses on Yanfeng’s sustainable product portfolio and renewable energy initiatives, as well as its low-CO2 operation.
Gunnar Büchter, Vice President of Global Sustainability at Yanfeng, said: “At Yanfeng, sustainability plays an important role in everything that we do – from product development through production. Decarbonization is a priority for us and one of the most important pillars of our ESG strategy. Our sustainability goals are based on the Science-based Targets Initiative. The decarbonization of our supply chain and responsible procurement are also important for us.”
The company has set a goal of covering 100% of total energy consumption by renewable energy sources by 2030 and aims to reduce its CO2 footprint in the long-term, with a goal of achieving net zero emissions in scopes 1 and 2 by 2030 and in scope 3 by 2050. To achieve these goals, Yanfeng has implemented software for tracking carbon emissions and has been an active member of the of the VDA (Automotive Industry Association) Responsible Chain Initiative since 2022.
For more information, please visit www.yanfeng.com.
Yanfeng, one of the world’s leading automotive suppliers, has published its 2022 sustainability report which outlines the company’s commitment to Environmental, Social and Governance (ESG) activities and its support for the Ten Principles of the United Nations Global Compact.
Gunnar Büchter, Vice President of Global Sustainability at Yanfeng, said: “At Yanfeng, sustainability plays an important role in everything that we do – from product development through production. Decarbonization is a priority for us and one of the most important pillars of our ESG strategy. Our sustainability goals are based on the Science-based Targets Initiative. The decarbonization of our supply chain and responsible procurement are also important for us.”
The report outlines the company’s efforts to achieve its goal of covering 100% of total energy consumption by renewable energy sources by 2030, in addition to its ambition to reduce its CO2 footprint in the long-term. Yanfeng is aiming to achieve net zero emissions in scopes 1 and 2 by 2030 and in scope 3 by 2050, and has implemented software for tracking carbon emissions and is an active member of the VDA (Automotive Industry Association) Responsible Chain Initiative.
“At Yanfeng, we are committed to our sustainability goals and will continue to advance and further develop our ESG strategy,” added Büchter.
Yanfeng has more than 240 locations and approximately 67,000 employees worldwide, and focuses on interior, exterior, seating, cockpit electronics and passive safety.
For more information, please visit www.yanfeng.com.
