Faurecia Selects ENGIE To Become A Long-Term Partner On Its CO2 Neutrality Roadmap

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Faurecia, one of the world’s leading automotive technology companies, announced today that it has selected ENGIE to become a partner, supporting Faurecia in its commitment to reach CO2 neutrality for scopes 1 and 2 by 2025. Under this partnership, ENGIE, a world leader in low-carbon energy and services, will provide energy solutions to be deployed across 100+ Faurecia sites worldwide by mid-2022.

As the next step on Faurecia’s CO2 Neutrality journey, ENGIE will accompany Faurecia through the deployment of energy saving equipment & methodology solutions, enabling 15% reduction of site energy consumption out of a reference of around 600 GWh, representing ~30 kt CO2 emissions reduction every year. Reducing energy consumption by adopting innovative digital solutions for efficiency is in line with Faurecia’s CO2 Neutrality roadmap and particularly its « Use Less » approach.

Patrick Koller, Chief Executive Officer of Faurecia, said:

“Our Sustainability roadmap and in particular our CO2 Neutrality objectives are the reflection of our strong convictions that we have a responsibility to make a positive contribution to society and the planet as well as a strategic business initiative we are proud to drive. Initiating this partnership with ENGIE makes me very proud and will help us advance rapidly in this first major step of our ambition.”

Catherine MacGregor, Chief Executive Officer of ENGIE, added: “I am impressed by the speed and the scale at which Faurecia has decided to decarbonize its operations. Through an innovative approach jointly built by ENGIE Impact and Faurecia sustainability experts, we are proud to support Faurecia in its global carbon neutrality transition. With its four global business units - renewables, energy solutions, networks, thermal and energy supply - ENGIE is a leader in the transition to a carbon-neutral energy system and ideally positioned to be the preferred partner for global industrial groups.”

In addition to this first milestone of CO2 neutrality in scopes 1 and 2 in 2025, Faurecia is also targeting CO2 neutrality in controlled emissions by 2030 (scopes 1, 2 and most of scope 3, excluding emissions of vehicles equipped with Faurecia parts) and CO2 full neutrality in all scopes by 2050. These targets are aligned with the 1.5°C ambition of the Science Based Target initiative.

How To Set Science-Based Targets: A Blueprint For Decarbonization. Read Article →

About Faurecia

Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 266 industrial sites, 39 R&D centres and 114,000 employees in 35 countries, Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility. The Group’s strong technological offering provides carmakers with solutions for the cockpit of the future and sustainable mobility. In 2020, the Group reported total turnover of €14.7 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. Find out more at: www.faurecia.com

About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.

Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

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