PHINIA Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:81,798 tCO2e/year
Scope 1 Emissions:8,952 tCO2e/year
Scope 2 Emissions:72,846 tCO2e/year
Renewable Energy Share:36.2%
Total Energy Consumption:317 GWh/year
Carbon Intensity:23 metric tons CO2e/$mn sales (2023)
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Achieved a 9% annual reduction in energy intensity for 2023.
- Achieved a 4.8% annual energy consumption reduction across all sites.
- Achieved a 9.9% annual reduction in carbon emissions through energy reduction, footprint optimization, and green energy sourcing initiatives.
Social Achievements
- Launched reverse mentoring program to promote collaboration and understanding across generations.
- Provided 15 new leader integration sessions and over 950 in-person training sessions globally.
- Achieved a Total Recordable Incident Rate (TRIR) of 0.19 and a Lost Time Incident Rate (LTIR) of 0.12.
Governance Achievements
- Established initial sustainability strategies, framework, and governance structure.
- Launched the PHINIA Quality Award and the PHINIA CEO Safety Award.
- Implemented a Design for Environment process to quantify and reduce life cycle emissions for all significant new product development.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Optimizing benefit preferences to support employee needs and expanding employee recognition programs (2024).
Environmental Challenges
- Evolving global emissions regulations.
- Supply chain disruptions.
- Maintaining high standards for human rights and environmental performance in the supply chain.
Mitigation Strategies
- Government Affairs team works closely with product engineers to anticipate and adapt to evolving regulations.
- Supplier scorecard and Sustainability Self-Assessment Questionnaire (SAQ) to advance supplier sustainability performance.
- Conflict Minerals Statement and membership in the Responsible Minerals Initiative to address conflict minerals.
Supply Chain Management
Responsible Procurement
- Sustainability Self-Assessment Questionnaire (SAQ)
- Conflict Minerals Statement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Supply chain disruptions
Transition Risks
- Evolving greenhouse gas regulations
Opportunities
- Development of energy-efficient products and alternative fuel systems
Reporting Standards
Frameworks Used: SASB, TCFD, GRI
Certifications: ISO 14001, ISO 45001, IATF 16949/ISO 9001
Sustainable Products & Innovation
- Hydrogen fuel cell program application for medium-duty trucks
- Gasoline direct injection (GDi) program for light vehicle plug-in electric hybrid programs
- Hydrogen medium pressure, direct injection fuel system technology
Awards & Recognition
- 2023 Great Place to Work (Brusque, Brazil)
- 2023 Great Place to Work (Piracicaba, Brazil)
- 2024 Shainin Dorian Award for Bottom Line Improvement