Visteon’s 2021 Corporate Sustainability Report Highlights Priorities, Products and People
June 23 2022 - 8:00AM
Visteon Corporation (Nasdaq: VC) today introduced its 2022
Corporate Sustainability Report (CSR), which highlights the
company’s commitment to drive business results in a socially
responsible manner and uplift the communities in which it operates.
Visteon is a global technology leader serving the mobility
industry, dedicated to creating a more connected, clean and safe
driving experience. The report covers priorities, product
innovations and people initiatives based on 2021 metrics and
actions.
“Just as important as what we do, is how we do it. Our Beliefs,
Values and Leadership Principles remain at the forefront and guide
us to always do the right things in the right way,” Sachin Lawande,
President and CEO, Visteon, said.
Priorities
In 2021, Visteon committed to set longer term greenhouse gas
(GHG) emission reduction targets aligned with the Science Based
Targets initiative (SBTi) and reduce total energy and water
consumption, solid waste and CO2 emissions from 2019 levels.
The company’s roadmap to reduce its GHG emissions includes the
following actions and initiatives:
- Accelerate the installation of renewable energy on-site
- Collaborate with customers in reducing the carbon footprint of
our products
- Procurement of renewable energy power purchase agreements
- Work closely with Visteon partners to reduce emissions across
the supply chain
- Communicate progress on energy and emissions reductions to
employees, customers, investors and other stakeholders
“Visteon is on track with its environmental goals and is still
targeting further improvement with regard to greenhouse gases,
energy consumption, waste reduction and water consumption,” stated
Sachin Lawande, President and CEO, Visteon.
Products
Visteon’s new product innovations focus on three trends that are
defining the future of the industry:
- Electrification technologies that support the global growth of
electric vehicles (EVs)
- Advanced Display Solutions that enable the evolution toward a
digital cockpit with larger and more immersive reconfigurable
surfaces
- Connected Car Solutions to help auto manufacturers integrate
over-the-air software updates and Android-based infotainment for
their next-generation cockpits
Visteon’s first-to-market smart wireless battery management
system (smartBMS) solution is the centerpiece of a growing
electrified product line that will help automakers reduce the
complexity, weight and materials used to manufacture electric
vehicles and enhance the ownership experience for their
customers.
Visteon’s advanced display technologies can employ power
consumption significantly lower than any other automotive display
technology currently available to help support the growth of the EV
market. MicroZone™, for example, is Visteon’s first-of-its-kind
solution to the demand for a high-quality, premium experience
display that also meets stringent automotive environmental and
reliability requirements.
The company’s fourth-generation SmartCore™ cockpit domain
controller brings Android-based infotainment ranging from maps and
parking to charging locations and other information together
seamlessly across multiple displays in the cockpit for a more
connected, personalized and safe driving experience.
“People around the world are eagerly waiting for electric
vehicles that will reduce greenhouse gas emissions. Visteon’s core
technologies are helping our OEM customers bring those electric
vehicles to market,” shared Sachin Lawande, President and CEO,
Visteon.
People
The CSR report outlines Visteon’s commitment to aggressive
policies, procedures and goals to keep its 10,000 employees in 18
countries safe. In 2021, both the company’s recordable injury and
lost time case rates were zero.
Diversity, equity and inclusion (DEI) is a key component of the
Visteon employee experience. Visteon actively invests in the
development of the next generation of business leaders and
innovators through a variety of professional development programs.
In 2021, for example, Visteon graduated its first class of nearly
two dozen women in the Momentum: Elevating Women in Leadership
program. The year-long professional development program was
designed to help the company cultivate a strong pipeline of female
leaders. Visteon named its second class of Momentum participants in
May 2022.
As a global organization, Visteon harnesses the power of
employees’ varied backgrounds, cultures and experiences to create a
competitive edge and support the communities in which they live and
work. In 2021, some of those efforts included:
- Supporting COVID relief efforts in India by delivering medical
kits to those in need and creating temporary wards for the
sick
- Providing work skills training for teens in Brazil, such as
interview tips, to prepare them as they begin to enter the labor
force
- Continuing to offer a technical academy in Bulgaria to develop
the next generation of local engineering talent
- Providing free yardwork for senior citizens, veterans and
people with disabilities as part of an intentional and equitable
revitalization of Detroit neighborhoods
- Raising funds in Romania for several different cancer and other
charities
“In all aspects of our business, we strive to balance profitable
growth with the need to protect our environment and support the
global communities where we have an invested presence,” said Sachin
Lawande, President and CEO, Visteon.
Visteon’s 2022 CSR can be found
at https://www.visteon.com/company/sustainability/.
About VisteonVisteon is a global technology
company serving the mobility industry, dedicated to creating a more
enjoyable, connected and safe driving experience. The company’s
platforms leverage proven, scalable hardware and software solutions
that enable the digital, electric, and autonomous evolution of our
global automotive customers. Visteon products align with key
industry trends and include digital instrument clusters, displays,
Android-based infotainment systems, domain controllers, advanced
driver assistance systems and battery management systems. The
company is headquartered in Van Buren Township, Michigan, and has
approximately 10,000 employees at more than 40 facilities in 18
countries. Visteon reported sales of approximately $2.8 billion and
booked $5.1 billion of new business in 2021. Learn more at
https://investors.visteon.com/.
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Media: |
Investors: |
Dianna Ofiara |
Kris Doyle |
dofiara@visteon.com |
kdoyle@visteon.com |
734-258-4355 |
201-247-3050 |
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