United States. The company was awarded, on May 30, with the recognition of Climate Leaders of the Americas 2024.
The award is presented by USA TODAY and Statista Inc., a statistics portal and provider of industry rankings.
"We are honored to be recognized as a Climate Leader by USA TODAY, as environmental sustainability is a key focus in every part of our business and a focus for every person in our company," said Volker Weng, vice president of BorgWarner Inc. and president and general manager of BorgWarner Battery and Transmission Systems Environmental Sustainability Leader.
Statista publishes industry rankings and company listings around the world with high-profile media partners. This research and analysis service is based onthe data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.
The 2024 America's Climate Leaders award is based on a two-step process. First is the application and research phase. Companies could be included in the list by applying online or by having the necessary data publicly available. To be considered for the award, a company must meet the following criteria:
- The company must be based in the United States.
- The company had revenues of at least $50 million in 2022.
- Independent emissions report with Scope 1 and Scope 2 data for the years 2020 and 2022.
- In case a CDP grade is available, the score must be at least C.
- Broader environmental record (e.g., no oil exploration, no greenhouse gas pollution, or no deforestation).
- The second step is the data analysis and scoring phase. For all companies that meet the inclusion criteria, the year-over-year reduction in emissions intensity (compound annual reduction rate) was calculated.
"Our Charging Forward strategy aligns with a low-carbon future, increasing the production of components for electric and hybrid vehicles at the pace of the market and emitting lower vehicle emissions on the road. We know that to create a cleaner, more energy-efficient world, we must continue to adopt sustainable practices not only in the products we make, but also in how we make products, the materials used, and the suppliers we collaborate with," added Volker Weng.
