BorgWarner releases 2024 sustainability report

15 Jul 2024 CW Team

BorgWarner published its 2024 Sustainability Report, "Driving Progress." The report shares the company's progress toward meeting its sustainability goals. "BorgWarner's longstanding vision is a clean, energy efficient world, and I am proud to lead a company where our business goals go hand-in-hand with our sustainability goals," said Fr'd'ric Lissalde, President and CEO, BorgWarner."I applaud our entire team for their dedication and excellence in innovating products for cleaner mobility, making leaps toward achieving our climate and other sustainability goals, and investing in our people."

At BorgWarner, sustainability means delivering value to all stakeholders for today and tomorrow. In 2023, the company made notable progress against its goals as described in the report, including:

Earning 87% of revenue from EV and emissions-reducing hybrid and combustion products, positioning the company as a leader in clean mobility;

Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 32% from the 2021 baseline, making progress on its Science Based Targets initiative (SBTi)-validated goal to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions 85% by 2030;

Engaging supply chain management and engineering teams to advance the company's goal of reducing Scope 3 emissions 25% by 2030 compared to a 2021 baseline;

Installing or expanding solar power installations at nine facilities to help drive a 48% annual increase in renewable energy usage since 2022;

Achieving a 92.7% waste diversion rate at tracked sites, surpassing its 85% goal;

Filling 64% of leadership positions through internal placements, surpassing its 50% goal;

Investing $3.6 million in employee training and development to support a skilled workforce to meet business goals;

Performing above all benchmarks on employees' sense of inclusion and belonging on the company's engagement survey; and

Achieving an 81.6% completion rate with relevant suppliers for its sustainability assessment questionnaire, surpassing its goal.

BorgWarner published its 2024 Sustainability Report, Driving Progress. The report shares the company's progress toward meeting its sustainability goals. BorgWarner's longstanding vision is a clean, energy efficient world, and I am proud to lead a company where our business goals go hand-in-hand with our sustainability goals, said Fr'd'ric Lissalde, President and CEO, BorgWarner.I applaud our entire team for their dedication and excellence in innovating products for cleaner mobility, making leaps toward achieving our climate and other sustainability goals, and investing in our people. At BorgWarner, sustainability means delivering value to all stakeholders for today and tomorrow. In 2023, the company made notable progress against its goals as described in the report, including: Earning 87% of revenue from EV and emissions-reducing hybrid and combustion products, positioning the company as a leader in clean mobility; Reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 32% from the 2021 baseline, making progress on its Science Based Targets initiative (SBTi)-validated goal to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions 85% by 2030; Engaging supply chain management and engineering teams to advance the company's goal of reducing Scope 3 emissions 25% by 2030 compared to a 2021 baseline; Installing or expanding solar power installations at nine facilities to help drive a 48% annual increase in renewable energy usage since 2022; Achieving a 92.7% waste diversion rate at tracked sites, surpassing its 85% goal; Filling 64% of leadership positions through internal placements, surpassing its 50% goal; Investing $3.6 million in employee training and development to support a skilled workforce to meet business goals; Performing above all benchmarks on employees' sense of inclusion and belonging on the company's engagement survey; and Achieving an 81.6% completion rate with relevant suppliers for its sustainability assessment questionnaire, surpassing its goal.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Infrastructure Urban

07 Aug 2026

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Infrastructure Transport

07 Aug 2026

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..