Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics and Governance
• Diversity
• Environment, Health and Safety
• Community Involvement

Environmental Achievements

• Implemented initiatives to reduce waste, water usage, and greenhouse gas emissions at various manufacturing facilities.
• Achieved 11-year bests in energy usage, emissions, and waste reduction.

Social Achievements

• Recorded its lowest-ever injury rates, with more than 95 percent of its facilities recording zero lost-time accidents.
• Supported science, technology, engineering, and math education in the UK, India, and the U.S.; helped build an inclusive workplace free of hepatitis B discrimination in China; supported a local animal shelter in Bulgaria; and organized a 5K run in the U.S. to raise money for an urban cancer institute.

Governance Achievements

• Maintained an ethics hotline and encouraged employees to report any concerns or failures in compliance.
• Implemented a process under which employees can bring any concerns regarding matters of ethics and compliance to the direct attention of Visteon's Audit Committee.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier sustainability self-assessments
• Terms and conditions requiring compliance with all applicable laws and regulations, including those relating to environmental matters, wages, working hours, conditions of employment, discrimination, and health and safety.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G3

Certifications: ISO 14001, OHSAS 18001, ISO/TS16949

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• When Work Works Award (9 times overall)
• JoinJade for China Employer Award

Environmental Metrics

ESG Focus Areas

• Ethics and Governance
• Environment
• Health and Safety
• Products
• Supply Chain
• Quality
• People

Environmental Achievements

• Achieved 13-year bests in energy usage, emissions, and waste reduction in 2018.
• Installed solar panels with a capacity of 710 KW at Chennai, India plant.
• Purchased wind power accounting for 65% of yearly energy consumption in Chennai plant, resulting in 90% clean energy sources.
• Implemented various initiatives to reduce energy and water usage, and the amount of waste and greenhouse gas emissions.
• Every facility with >50% ownership is certified to the ISO14001 environmental standard.

Social Achievements

• Recorded lowest-ever injury rates in 2018, achieving zero reportable employee lost-time injuries for more than 26 million hours worked.
• Best-in-class for employee safety among all automotive and manufacturing companies.
• Various community outreach programs including planting trees, donating medical equipment, providing aid to natural disaster victims, and supporting educational initiatives.
• Employee resource groups (SAGE, VAAN, VAIA, WIV, VAPEN) supporting diversity and inclusion.

Governance Achievements

• Maintained the highest standards of ethics and integrity with an ethics and compliance program based on the company’s Ethics and Integrity Policy.
• Implemented a process for employees to report ethics and compliance concerns to the Audit Committee.
• Followed a Code of Basic Working Conditions addressing child labor, compensation, forced labor, freedom of association, harassment, and environmental health and safety.
• Complied with conflict minerals reporting requirements.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with all applicable laws and regulations, including those relating to environmental matters, wages, working hours, conditions of employment, discrimination, and health and safety.
• Suppliers attest that supplies will not be produced with forced labor.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4

Certifications: ISO 14001, OHSAS 18001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• SmartCore™ and DriveCore™ domain controllers (reduce weight and wire harness volume)
• All-digital cluster (promotes safety and EV adoption)

Awards & Recognition

• Supplier of the Year (General Motors)
• Excellent Development Award (Geely Auto)
• Best of the Best Plant Award (PSA)
• Award at Tencent’s global partner conference
• Awards from Mundo Sustentable (Chihuahua plant)
• Shingo Silver Medallion (Bir el Bey plant)
• Automotive News PACE Award (SmartCore™)
• Technology awards for infotainment system (Mahindra)
• Investor in Human Capital award (Bulgaria)
• Certificate of Merit – Safety Excellence (India)
• 2020 Women on Boards “W” Winning Company

Environmental Metrics

ESG Focus Areas

• Environment
• Health & Safety
• Supply Chain
• Diversity, Equity and Inclusion
• Community Outreach
• Governance
• Human Rights

Environmental Achievements

• More than two dozen facilities achieved zero lost-time injuries.
• Multiple global facilities reduced waste by implementing various initiatives (e.g., replacing boxes with reusable bins, reducing scrap).
• Visteon Electronics Germany GmbH received a certificate for environmentally conscious practices.
• Employees in Palmela, Portugal donated 65 trees for World Tree Day.

Social Achievements

• Launched Momentum leadership development program to cultivate a pipeline of female leaders.
• Record number of new products launched with global OEMs despite the pandemic.
• Donated nearly 70,000 face shields to medical professionals.
• Supported local communities through various initiatives (e.g., Operation Good Cheer, Holiday Food Basket Program, Visteon Cares).

Governance Achievements

• All new employees and 93% of salaried employees completed ethics training.
• Maintains an ethics hotline for confidential reporting.
• Board of Directors has oversight of ESG programs and receives regular reports.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disrupted lives and livelihoods, impacting the global automotive industry and Visteon's operations.
• Supply chain disruptions.

Mitigation Strategies

• Implemented cost-control measures to ensure financial viability.
• Developed robust operating procedures to protect employee health and safety.
• Implemented advanced inventory modeling process to consider supply chain risk factors.
• Sourcing components from multiple geographical locations to mitigate regional or global crises.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct requiring compliance with laws and regulations, including environmental matters, wages, working hours, and health and safety.
• Requirement for suppliers to attest that supplies are not produced by child or forced labor.
• Encouragement for suppliers to utilize environmental management systems conforming to ISO 14001.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: CDP

Certifications: ISO 14001, ISO 45001, IATF 16949, ISO 9001, OHSAS 18001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Wireless battery management system
• MicroZone™ display technology
• SmartCore™ cockpit domain controller

Awards & Recognition

• Auto Components Manufacturer of The Year (India)
• Ford Q1 Certification (Mexico, India, China)
• Top Supplier Award (Thailand)
• Excellent Supplier Award (China)
• Annual Intelligent Connected Market Share Leader Award (China)
• R&D Solution of the Year (Bulgaria)

Environmental Metrics

ESG Focus Areas

• Inclusive Growth
• Environmental Protection
• Economic Viability

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 25% from 2019 levels (target)
• Achieved 97% grid electricity and 3% on-site solar energy in 2022
• Recycled 92% of solid waste generated in manufacturing operations in 2022
• Completed two new on-site solar installations in Japan and Thailand in 2022

Social Achievements

• Launched Momentum, a women in leadership program, resulting in 60% of participants from the first year advancing to higher roles
• Launched RISE program for recent or soon-to-be graduates
• Various community outreach initiatives across global locations (e.g., Life Remodeled, tree planting, donations to orphanages)

Governance Achievements

• Established a robust Compliance Program Review ensuring accountability at the highest levels
• Provided anti-corruption training to all employees
• Maintained an ethics hotline for confidential reporting of concerns

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Climate change impacts (severe weather events)
• Cybersecurity threats

Mitigation Strategies

• Geographically diverse operating footprint and customer base for resilience against climate-related sales disruptions
• Dual validation of interchangeable parts to protect against supplier disruptions
• Advanced inventory modeling process considering multiple supply chain risk factors
• Global enterprise security program to safeguard product and information integrity

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Quality Policy
• Code of Basic Human Rights and Working Conditions
• Ethics and Integrity Policy
• Global Environmental Health and Safety Policy
• Requirement for suppliers to establish their own environmental goals aligned with Visteon’s reduction initiatives and provide emissions data via CDP

Climate-Related Risks & Opportunities

Physical Risks

• Increased severe weather events
• Rising sea levels

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Growth in EV market

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: ISO 14001, ISO 45001, IATF 16949, ISO 9001

Third-party Assurance: Limited assurance review of GHG emissions intensity by an independent auditor for fiscal year 2022 (pursuant to Credit Agreement)

Sustainable Products & Innovation

• SmartCore™ technology
• Lightscape® Panoramic Display
• Command & Control Display
• Wireless Smart BMS

Awards & Recognition

• Two 2023 CES Innovation Awards
• Amazonas Premier Quality Awards (Gold for Process Improvement and Innovation)
• Bureau Veritas - ESG 360 certification for Visteon Amazonas
• Great Place To Work® certification for Visteon Amazonas and India