BorgWarner Named to Corporate Knights' 2025 Global 100 for World's Most Sustainable Corporations

Rhea-AI Summary

BorgWarner has been named to Corporate Knights' 2025 Global 100 sustainability index for the first time, ranking 64th overall and 6th in the automotive sector as the only automotive supplier included. The assessment covered 8,359 publicly traded companies with over $1B in revenue, evaluated across 25 key performance indicators.

Key achievements include: 87% of 2023 revenue from EV and emissions-reducing products, 66% of R&D and 61% of capital expenditures dedicated to eProducts, and a 32% reduction in Scope 1 and 2 emissions compared to 2021. The company also reported that 64% of leadership positions were filled internally, exceeding their 50% goal, with improved voluntary turnover rates from 2022 to 2023.

Positive

• 87% of 2023 revenue derived from EV and emissions-reducing products
• 32% reduction in Scope 1 and 2 emissions (2021-2023)
• 66% of R&D and 61% of capital expenditures allocated to eProducts
• Exceeded internal leadership promotion goal with 64% vs 50% target
• Improved employee retention with reduced voluntary turnover

Negative

• None.

• Marks the first time BorgWarner has received this recognition
• Ranked 6^th in automotive and the only automotive supplier included in the Global 100
• Publicly traded companies with more than $1 billion in revenue assessed on 25 key performance indicators across environmental, social, and governance

AUBURN HILLS, Mich., Feb. 4, 2025 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market, has been named to the Corporate Knights' 2025 Global 100 sustainability index, a transparent, rules-based sustainability ratings that emphasizes the impact of a company's core products and services. This marks the first time BorgWarner has been included on the list.

This year, 8,359 companies were assessed; BorgWarner ranked 64^th overall, sixth in the Cars & Trucks Manufacturing, including parts group. BorgWarner was the only automotive supplier included in the ranking.

To be considered for the annual Global 100, a company must be publicly traded with more than $1 billion in revenue. Each company is then assessed across 25 key performance indicators spanning resource management, employee management, financial management, sustainable revenue and sustainable investment, and supplier performance. During the ranking process, the impact of a company's operations and its core products and services on people and the planet are considered.                

"We are proud to be named to the Corporate Knights' 2025 Global 100 list and, as a result, be considered one of the most sustainable companies in the world according to Corporate Knights," said Frédéric Lissalde, President and CEO, BorgWarner Inc. "This recognition highlights BorgWarner's dedication to driving sustainability and efforts to reduce our carbon footprint and help build a cleaner, healthier, safer future for all."

A few key sustainability highlights from BorgWarner:

• 87% of its revenue in 2023 was from EV and emissions-reducing hybrid and combustion products
• 66% of its R&D spend and 61% of its capital expenditures in 2023 went toward eProducts, which enable both electric and hybrid vehicles
• Scope 1 and Scope 2 emissions were reduced by 32% as of the end of 2023 vs. 2021, supporting its goal to be carbon neutral by 2035
• 64% of leadership positions in 2023 were filled with internal candidates, exceeding the company's 50% goal
• Voluntary turnover improved from 2022 to 2023
• The company has incentivized sustainability performance, with bonus plans rewarding all levels of employees for advancing ESG initiatives

To learn more about the company's sustainability activities and progress, visit https://www.borgwarner.com/company/sustainability.

About BorgWarner

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all. 

Forward-Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should ," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our financial position, business strategy and measures to implement that strategy, including changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans, references to future success and other such matters, are forward-looking statements. Accounting estimates, such as those described under the heading "Critical Accounting Policies and Estimates" in Item 7 of our most recently filed Annual Report on Form 10-K ("Form 10-K"), are inherently forward-looking. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply disruptions impacting us or our customers, commodity availability and pricing, and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, and our ability to innovate in response; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that our 2023 tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate publicly traded company will not achieve its intended benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; impacts from any potential future acquisition or disposition transactions; and the other risks, noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently-filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

 

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SOURCE BorgWarner Inc.

FAQ

What is BorgWarner's (BWA) ranking in the 2025 Corporate Knights Global 100?

BorgWarner ranked 64th overall and 6th in the Cars & Trucks Manufacturing category, being the only automotive supplier included in the Global 100.

What percentage of BWA's 2023 revenue came from EV and emissions-reducing products?

87% of BorgWarner's 2023 revenue was generated from EV and emissions-reducing hybrid and combustion products.

How much has BorgWarner (BWA) reduced its emissions since 2021?

BorgWarner reduced its Scope 1 and Scope 2 emissions by 32% as of the end of 2023 compared to 2021.

What percentage of BWA's R&D spending went to eProducts in 2023?

66% of BorgWarner's R&D spending and 61% of capital expenditures in 2023 were allocated to eProducts for electric and hybrid vehicles.

What is BorgWarner's (BWA) internal leadership promotion rate in 2023?

64% of leadership positions were filled with internal candidates in 2023, exceeding the company's 50% goal.