Automotive supplier Dana Incorporated announced today a new sustainability commitment to achieve net zero greenhouse gas emissions by 2040.
The company also announced that it accelerating its interim climate goals, and now plans to achieve a 75% reduction in Scope 1 and 2 emissions by 2030, compared to its prior target of 50%. The company also has a goal to reduce Scope 3 value chain emissions by more than 25% by 2030.
Dana’s new climate goals follow the company’s announcement last week that its prior 2030 targets had been validated by the Science Based Targets initiative. The company said that it has now initiated the validation process for its new targets.
James Kamsickas, Dana Chairman and CEO, said:
“The acceleration of these targets is a testament to our team’s focus on implementing strategic sustainability initiatives across every level of the organization so that we can ensure we not only deliver innovative solutions to meet our customer’s needs, but also do so in the most responsible manner.”
The company outlined some of the initiatives it is pursuing to achieve its accelerated goals, which it said will require projects across each of its facilities to improve efficiency, as well as leveraging on-site renewable energy projects, and renewable energy purchase agreements. Dana recently announced a renewable power purchase agreement with Enel Green Power providing sufficient renewable energy to offset the company’s emissions from purchased electricity in Europe, and the company’s Texas wind facility, which became operational in late 2022, is now generating enough renewable electricity to offset its emissions from purchased electricity in the U.S. and Canada.
Doug Liedberg, Chief Sustainability Officer at Dana, said:
“These projects, coupled with ongoing initiatives across our global operations, help to advance our vision of a zero-emission future. We are excited to be able to accelerate the timeline for meeting our emissions-reduction targets.”