Through the agreement, BorgWarner will leverage M2030's expertise in CO2 reduction and software to encourage its direct material suppliers to increase their emissions reduction efforts. M2030 will work directly with BorgWarner's supply base to gather energy usage data related to the manufacturing of products, such as electricity, natural gas and more. That data will then be fed into an interactive dashboard where emissions and energy reduction efforts can be tracked. The tool also provides best practice sharing opportunities for pursuing emissions reduction. By utilizing the tool, BorgWarner will promote collaboration, accountability, and engagement across its supply base on emissions reduction.
Most recently, the SBTi validated BorgWarner's targets to reduce absolute Scope 1 and 2 GHG emissions 85%, and absolute Scope 3 GHG emissions 25% by 2030, both from a 2021 base year. Another key lever in the company's pursuit of Scope 3 emissions reduction is the company's Charging Forward accelerated electrification strategy, which aims to advance its position in eProducts and maximize its foundational portfolio.