SOUTHFIELD–The automotive seating and electronics supplier Lear Corp. (NYSE: LEA) has released its 2022 Sustainability Report, which includes the company’s progress on its climate goals, sustainable product development, and diversity, equity and inclusion initiatives.
“Around the world, our teams have embraced opportunities to build a more sustainable future,” said Ray Scott, Lear president and CEO. “Their commitment and collaboration are driving us toward our climate goals, advancing sustainable products, and further enriching our diverse culture.”
Highlights of the report include:
Lear has been implementing a comprehensive renewable energy strategy to meet its climate goals. By the end of 2022, Lear decreased its Scope 1 and 2 emissions by nearly 17% against a 2019 baseline, putting the company on track to meet its 50% carbon reduction goal by 2030. Currently, on-site solar arrays provide a source of clean power for nine Lear facilities across six countries. All company locations in Germany, Poland, Spain and the United Kingdom have already met Lear’s 2030 goal of sourcing 100% renewable energy for their electricity needs. In addition, Lear employees completed 170 energy efficiency projects in 2022, with an estimated savings of 6 million kilowatt-hours of energy globally.
Lear’s portfolio of sustainable products continues to grow with more than 900 global patents and pending patents related to sustainable products. Products, such as the company’s award-winning Battery Disconnect Unit, help electric vehicles charge faster and drive farther. Lear’s 100% recycled ReNewKnit sueded surface material is made from repurposed plastic water bottles and supports a circular economy where textiles can be continuously recycled. The company has also completed reference life cycle assessments on seven of its major product lines to measure and identify opportunities to improve the carbon footprint of its products.
DEI and Leadership Development
In 2022, a comprehensive review of our employee compensation practices showed more than 99% of women globally and ethnic minorities in the United States achieved pay equity. Among salaried new hires in the United States, 52% were ethnic minorities or women. As part of its commitment to transparency, Lear has publicly disclosed its consolidated EEO-1 summary data. Designed to retain top performers and enable more diverse leadership in the future, Lear’s groundbreaking Together We Grow career development program launched in 2022 with 31 high-potential and diverse participants.
Other Major Highlights in 2022
- Lear employees in Michigan donated nearly $1 million to local charities
- Assessed 2,800+ production supplier sites across the globe on sustainability and human rights criteria
- Completed strategic acquisitions to enable less complex and more efficient product design, optimize manufacturing processes and support Industry 4.0
- Sent zero waste to landfills at 28 facilities in 11 countries
- Achieved 1 million hours with zero lost time injury or illness cases at 68 facilities
- Completed 5 million hours of employee training and development
- Expanded the “Driving Wellness” program globally to promote the well-being of our employees in body, mind, nutrition and balance
- Committed to the Science Based Targets initiative
- Recommitted to the United Nations Global Compact
Lear reports with reference to the GRI Standards, as well as the Sustainability Accounting Standards Board (SASB) framework and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. To download Lear’s 2022 Sustainability Report, visit lear.com/sustainability.