GlobalData offers a comprehensive analysis of Gentherm, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Climate Change and associated ESG keywords, GlobalData delivers valuable information on Gentherm‘s ESG performance. GlobalData’s company profile on Gentherm offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Gentherm, one of the leading global thermal management technologies providers, exhibits its dedication to addressing climate change by establishing a goal of achieving and actively working towards zero emissions. Gentherm aims to reduce its Scope 1 and Scope 2 emissions by 59% by 2035. The company is also taking steps to reduce its Scope 3 emissions by educating and coordinating with key vendors to build sustainability awareness and introducing guidance and requirements to measure and report emissions data. Gentherm's latest filings mentioned the keywords 'Emissions' and ' Recycling' most number of times in relation to 'Climate Change'.
In 2022, the company's total Scope 1 & 2 emissions were 33,889 metric tons of CO2e. Gentherm's largest share of emissions within its Scope 1 and Scope 2 is related to electricity purchase. As per the company's 2022 CSR report, Gentherm utilized a total of 52,202,297 kWh of electricity, with 8,415,904 kWh being derived from renewable sources. Additionally, the report reveals that Gentherm's water consumption amounted to 143,412 cubic meters. Gentherm has eliminated single-use plastic cups and plates and transitioned to recyclable materials. The company has also collected and recycled almost 3,000 used batteries and implemented steps to drive toward a "zero landfill" location, recycling over 85% of all solid waste in 2022.
Gentherm's innovative products and technologies reduce the environmental impact of automobiles. The company's Cell Connecting Board (CCB) systems guarantee the uninterrupted transmission of battery temperature and cell voltage information in electric and hybrid drivetrains. This ensures the safety and optimal performance of the vehicle during both charging and operation. Gentherm's Climate Control Seating products and ClimateSense technologies are the foundation of its business for both internal combustion and electric vehicles.
In conclusion, Gentherm is committed to addressing climate change and achieving zero emissions by 2035. The company emphasizes recycling, transitioning to renewable energy sources, and implementing sustainable practices. Their innovative products, such as the Cell Connecting Board (CCB) systems, ensure safe and efficient performance in electric and hybrid vehicles. Overall, Gentherm's commitment to the environment is evident in its actions and product offerings.
