United States. PHINIA presented its 2024 Sustainability Report, revealing significant advances in emissions reduction, energy efficiency, development of clean technologies and strengthening of its corporate culture.
In its second year, the report shows measurable impacts on its environmental, social and governance (ESG) goals, including an 11.7% decrease in greenhouse gas emissions (Scope 1 and 2), 4.5% less energy consumption and that 89% of its R+D investment went to alternative fuel technologies and fuel efficiency.
"We believe that sustainability is not only essential to responsible business, but is an important factor in our long-term success and business strategy. Our sustainability initiatives create lasting value for our stakeholders and drive innovation through our people, our purpose, and our values in engineering, operations, and culture," said Brady Ericson, president and CEO of PHINIA.
The document details emblematic projects such as the development of hydrogen engines (H2ICE) in alliance with Alpine Racing, GCK Group and Solution F; the progress of remanufacturing programs that in 2024 reused 52% of the mass of processed materials; and the launch of the global Inclusion strategy, with the expansion of the PHINIA Women in Science and Engineering (WISE+) programme to 24 chapters.
In addition, the company recognized 10 suppliers for their sustainability performance, implemented a global energy monitoring system that covers 85% of their consumption, and offered 145,000 hours of training, including mental health and wellness training.
"With this second annual report, we have gone from building a foundation to generating a measurable impact. We continue to shape a more sustainable future for our industry and communities through data-driven decisions, global collaboration, and strategic investments," added Ericson.
By 2025, PHINIA announced that it will advance its environmental strategy with the measurement of Scope 3 emissions, increased use of renewable energy, and new investments in alternative fuels.
"We are proud of our progress, and even more motivated by what is to come," concluded the executive. "From more sustainable technologies and emissions reduction targets, to commitment to our talent and ethical business practices, sustainability continues to guide the way we innovate, operate and grow."
