OTS - Yanfeng publishes its 2022 ESG Report
2023. July 13. 11:15
Shanghai, 13 July, 2023 (APA/OTS) - Yanfeng, one of the world's
leading automotive suppliers, today published its 2022
sustainability report which documents the company's activities in
all Environmental, Social and Governance (ESG) areas that form part
of its sustainability strategy.
The report also reinforces Yanfeng's support for the Ten
Principles of the United Nations Global Compact in the areas of
Human Rights, Labor, Environment, and Anti-Corruption. In addition,
the report summarizes the company's social commitments and supply
chain.
"At Yanfeng, sustainability plays an important role in
everything that we do - from product development through
production," said Gunnar Büchter, Vice President of Global
Sustainability at Yanfeng.
Yanfeng has a sustainable product portfolio. The company also
focuses on renewable energy when manufacturing components at its
plants. In Europe, all
12 plants have switched over to renewable energy during the
last year. Globally, the company has a goal of covering 100% of
total energy consumption by renewable energy sources by 2030.
Low-CO2 operation for a sustainable future
The company intends to reduce its CO2 footprint in the
long-term and is pursuing the goal of achieving net zero emissions
in scopes 1 and 2 by 2030 and in scope 3 by 2050. To achieve these
goals, Yanfeng has taken the initial step of implementing software
for tracking carbon emissions. This has been developed with support
from a consulting company. The program, which is now being
implemented across the company, measures and optimizes the CO2
impact Yanfeng's operations have on climate change.
This ensures that a consistent and standardized system is used
both for internal monitoring and as the basis for external
reporting.
Decarbonization of the supply chain and responsible procurement
Yanfeng is continually focused on achieving its sustainability
goals to minimize environmental impact. Sustainability is
foundational and all stakeholders are working together towards the
common ESG goals of the company.
"Decarbonization is a priority for Yanfeng and one of the most
important pillars of our ESG strategy. Our sustainability goals are
based on the Science-based Targets Initiative. The decarbonization
of our supply chain and responsible procurement are also important
for us," added Büchter, who is also responsible for procurement in
Europe and North America.
To increase transparency along the supply chain and identify
and eliminate risks at an early stage, the company has also been an
active member of the of the VDA (Automotive Industry Association)
Responsible Chain Initiative since 2022.
Yanfeng will continue to advance and further develop its ESG
strategy. Join us on this journey and learn more about it in our
ESG
report(https://www.yanfeng.com/sites/default/files/2023-07/yanfeng_esg_report_2022_final_1.pdf).
For more information please contact:
Yanfeng International
Jagenbergstraße 1
41468 Neuss
Germany
Astrid Schafmeister
Tel.: +49 2131 609-3028
E-Mail: astrid.schafmeister@yanfeng.com
About Yanfeng
Yanfeng is a leading global automotive supplier, focusing on
interior, exterior, seating, cockpit electronics and passive
safety, and is exploring new business actively. Yanfeng has more
than 240 locations and approximately 67,000 employees worldwide.
The technical team of 4,100 experts is in 12 R&D centers and other
regional offices, with complete capabilities including engineering
& software development, styling, and test validation. Focusing on
smart cabin and lightweight technology, Yanfeng supports automakers
to explore future mobility and provide leading cabin solutions.
For more information, please visit www.yanfeng.com.
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