MAGNA INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 28, 2024
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Contents
EX-1 · Emissions
Emissions
Energy consumed can be converted to CO 2 emissions based on regional conversion factors. In order to help us and our stakeholders better assess trends related to the emissions we generate, we track emissions “intensity” on the basis of total sales, employee headcount and aggregate square footage of our facilities and offices. These intensity metrics assist us in determining whether we are becoming more efficient by normalizing emissions on a per dollar of sales, per employee and per square footage basis. The raw data for Scope 1 & 2 emissions, together with intensity metrics are set out below. Magna adheres to the GHG Protocol Corporate Accounting and Reporting Standard (“GHG Protocol”) for its Scope 1 and 2 reporting. Magna adheres to the GHG Protocol Corporate Value Chain (Scope 3) Standard and guidance from the SBTi for its Scope 3 reporting. We use commonly accepted emission factors such as those available from the GHG Protocol, International Energy Association (IEA), United States EPA, including its eGrid database, United Kingdom Department for Energy Security and Net Zero, ecoinvent and CEDA (Comprehensive Environmental Data Archive), as well as other local or regional references. Our Scope 1 and 2 emissions data is verified annually by an independent third party verification firm.
| ISSB S2, 29(a)(i) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Scope 1 Emissions (metric tons) | 424,561 | 433,636 | 436,267 |
| Scope 2 Emissions (metric tons)(1) | 1,150,656 | 1,168,803 | 1,089,730 |
| Scope 1 & 2 Emissions (metric tons)(2) | 1,575,217 | 1,602,439 | 1,525,997 |
| Sales (USD, millions) | 42,797 | 37,840 | 36,242 |
| Sales Intensity (CO2 metric tons/$ Sales) | 0.0000368 | 0.0000424 | 0.0000421 |
| Employees | 179,000 | 168,000 | 158,000 |
| Employee Intensity (metric tons/employee) | 8.8 | 9.5 | 9.7 |
| Square Footage (million sq. ft) | 83.8 | 84.4 | 83.5 |
| Square Footage Intensity (metric tons/sq. ft.) | 0.0188 | 0.0189 | 0.0183 |
Notes:
(1) Market-based emissions calculation method.
(2) Sales Intensity, Employee Intensity and Square Footage Intensity are calculated based on combined Scope 1 and 2 Emissions.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.