Valeo has been recognised for its leadership in corporate transparency and performance on climate change by the global environmental non-profit CDP. The company has achieved an A rating out of more than 15,000 companies scored.
With this, the company has secured a place on the organisation’s 2022 ‘Climate Change A List’’, a press release from Valeo noted.
Christophe Périllat, CEO, Valeo, said, “This distinction recognises our leadership in transparent reporting and our action in the fight against climate change. In February 2022, I announced our Move Up plan, structured to build our financial performance through 2025.”
One of its success factors is linked to the continuation of the company’s dedicated plan for contributing to carbon reduction, the CAP 50 plan, he added.
Périllat believes, “We are guided by two essential principles. We are innovating every day for low-carbon mobility with affordable technologies. This is an absolute necessity. It is our duty, at a time when road transport is responsible for 18% of CO2 emissions worldwide. And at the same time, we are carrying out a huge transformation of our operations, our value chain and our products to move towards carbon neutrality.”
The release added that CDP’s annual environmental disclosure and scoring process is widely recognised as the standard of corporate environmental transparency.
Interestingly, in 2022, over 680 investors with over $130 trillion in assets under management and 280 major purchasers with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.
Maxfield Weiss, Executive Director, CDP Europe, said, “CDP saw nearly 20,000 companies disclose environmental data this year, including 70% of European companies by market value.”
Also Read
Valeo Crosses 10 Mn Production Mark For Front Camera With Mobileye
Valeo Joins CNRS To Augment Research Programmes