Lear Reports Progress in Renewable Energy, Green Products and Supplier Sustainability
2021 Sustainability Report Released
"Since we integrated ESG into our company's long-term strategy—alongside business results and operational excellence—our global teams are helping us advance on our sustainability journey," said
After announcing its climate change goals in 2020, Lear developed a robust strategy to help the company achieve 100% renewable energy for electric power consumed at its manufacturing plants by 2030. The goal has already been reached in
To determine the cradle-to-grave sustainability of its products, Lear initiated life cycle assessments on its seating, leather and wire harness products in 2021. In addition, the company published a new product directive to integrate sustainability into its design process.
In 2021, a third party evaluated 1,600 of Lear's production supplier locations on environment, responsible sourcing, ethics, human rights and management. Lear expects to complete assessments of approximately 3,000 of its production suppliers by the end of 2022.
Other major highlights from Lear's 2021 Sustainability Report include:
- Launching the Together We Grow program to provide meaningful development and proactive career management for future diverse leaders.
$5.1 billionwith certified minority-owned, women-owned and veteran-owned suppliers in the United Statesin the past decade.
- Renewing its commitment to the
United Nations( UN) Global Compactas a signatory participant and to the UN's Sustainable Development Goals.
- Increasing transparency and enhancing reporting with the
Sustainability Accounting Standards Board(SASB) and the Task Force on Climate-related Financial Disclosures(TCFD) recommendations, and in accordance with the Core Requirements of the Global Reporting Initiative(GRI).
To download or view Lear's 2021 Sustainability Report, visit lear.com/sustainability.
Lear, a global automotive technology leader in Seating and
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Katya Pruett, 248-447-1646