AUBURN
HILLS, Mich., May 30, 2024
/PRNewswire/ -- BorgWarner has been awarded on USA TODAY's list of America's Best Climate
Leaders 2024. This prestigious award is presented by USA TODAY and Statista Inc., the world-leading
statistics portal and industry ranking provider. The awards list
was announced on May 30th, 2024, and
can be viewed on the usatoday.com.
The America's Climate Leaders of 2024 award is based on a
two-step process. First is the application and research phase.
Companies could be included on the list by applying online or by
having the necessary data publicly available. To be considered for
the award, a company must meet the following criteria:
- The company is headquartered in the USA.
- The company had revenue of at least $50
million in 2022.
- Independent emission reporting with data on Scope 1 and Scope 2
for the years 2020 and 2022.
- In case a CDP rating is available, the score had to be at least
C.
- Broader environmental record (e.g. no oil exploration, non-GHG
pollution, or deforestation).
The second step is the data analysis and scoring phase. For all
companies meeting the inclusion criteria, the year-over-year
reduction in emissions intensity (compound annual reduction rate)
was calculated.
Based on the results of the study, BorgWarner is ecstatic
to be recognized on USA TODAY's
list of America's Best Climate Leaders 2024.
"We are honored to be recognized as a Climate Leader by
USA TODAY as environmental
sustainability is a key focus in every part of our business and a
focus for every person in our company," said Volker Weng, Vice
President of BorgWarner Inc. and President and General Manager,
BorgWarner Drivetrain and Battery Systems, Environmental
Sustainability Lead. "Our Charging Forward strategy aligns
with a low-carbon emissions future, increasing production of
electric and hybrid vehicle components in pace with the market, and
emitting lower emissions from vehicles on the road. We know that to
create a cleaner, more energy-efficient world, we must continue
embracing sustainable practices not just in the products we make,
but also in how we make products, the materials used, and the
suppliers with whom we partner."
Statista publishes hundreds of worldwide industry rankings and
company listings with high-profile media partners. This research
and analysis service is based on the success of statista.com, the
leading data and business intelligence portal that provides
statistics, relevant business data, and various market and consumer
studies and surveys.
About BorgWarner
For more than 130 years, BorgWarner
has been a transformative global product leader bringing successful
mobility innovation to market. With a focus on sustainability,
we're helping to build a cleaner, healthier, safer future for
all.
Forward Looking Statements: This release may contain
forward-looking statements as contemplated by the 1995 Private
Securities Litigation Reform Act that are based on management's
current outlook, expectations, estimates and projections. Words
such as "anticipates," "believes," "continues," "could,"
"designed," "effect," "estimates," "evaluates," "expects,"
"forecasts," "goal," "guidance," "initiative," "intends," "may,"
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"seek," "should ," "target," "when," "will," "would," and
variations of such words and similar are intended to identify such
forward-looking statements. Further, all statements, other than
statements of historical fact, contained or incorporated by
reference in this release regarding matters that we expect or
anticipate will or may occur in the future regarding our financial
position, business strategy and measures to implement that
strategy, including references to future success and other such
matters, are forward-looking statements. All forward-looking
statements are based on assumptions and analyses made by us in
light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate under the circumstances.
Forward-looking statements are not guarantees of performance, and
the Company's actual results may differ materially from those
expressed, projected or implied in or by the forward-looking
statements.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this release.
Forward-looking statements are subject to risks and uncertainties,
many of which are difficult to predict and generally beyond our
control, that could cause actual results to differ materially from
those expressed, projected or implied in or by the forward-looking
statements. These risks and uncertainties, among others, include:
competitive challenges from existing and new competitors, including
original equipment manufacturer ("OEM") customers; the challenges
associated with rapidly changing technologies, particularly as they
relate to electric vehicles, and our ability to innovate in
response; the difficulty in forecasting demand for electric
vehicles and our electric vehicles revenue growth; potential
disruptions in the global economy caused by wars or other
geopolitical conflicts; our dependence on automotive and truck
production which is highly cyclical and subject to disruptions; our
reliance on major OEM customers; the uncertainty of the global
economic environment; future changes in laws and regulations,
including, by way of example, taxes and tariffs, in the countries
in which we operate; and the other risks, noted in reports that we
file with the Securities and Exchange Commission, including Item
1A, "Risk Factors" in our most recently-filed Form 10-K and/or
Quarterly Report on Form 10-Q. We do not undertake any obligation
to update or announce publicly any updates to or revisions to any
of the forward-looking statements in this release to reflect any
change in our expectations or any change in events, conditions,
circumstances, or assumptions underlying the statements.
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SOURCE BorgWarner Inc.