Yahoo Finance

PLYMOUTH, Mich., Jan. 29, 2025 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, yesterday released its fiscal year 2024 Sustainability Report.

"Our 2024 Sustainability Report is a testament to Adient's pursuit of excellence in environmental stewardship, social responsibility and robust governance practices," said Jerome Dorlack, Adient president and CEO. "Our sustainability initiatives continue to support our objective to be a preeminent global supplier of automotive seating. The work detailed in this report is consistent and aligned with our business strategy."

Key Highlights from the 2024 Sustainability Report:

1. Environmental Achievements:

• Greenhouse Gas Emissions: Adient has achieved a 38% reduction in global scope 1 and 2 absolute greenhouse gas emissions¹ compared to the base year 2019, with a goal of achieving a 75% reduction by 2030
  
  

• Renewable Energy: As of Sept. 30, 2024, 29% of Adient's total electricity consumption globally is sourced from renewable energy
  
  

• Deforestation and Water Management: In fiscal year 2024, the company completed a supply chain mapping project for key forest commodities and launched initiatives to improve water management, achieving a 7% year-over-year reduction in total water withdrawals
  
  

• Sustainable Operations: Adient completed more than 1,500 continuous improvement projects in fiscal year 2024, resulting in significant annual savings, including 7,391 metric tons of CO₂e², 53,669 cubic meters of water, 8.8 million kWh-equivalent of fuel, 5,308 metric tons of waste, and 62 million kWh of energy
  
  

Social Responsibility:

• Employee Health, Safety, and Well-being: Adient maintains a health and safety management system certified to the ISO 45001 Occupational Health and Safety standard; 98% of manufacturing sites³ are third-party audited and certified to the standard
  
  

• Diversity and Inclusion: Adient recognizes the benefits of having a diverse workforce. The company also supports diverse suppliers, spending more than $9.6 billion with minority-owned, women-owned and veteran-owned businesses since becoming Adient in 2016
  
  

• Community Engagement: Adient's employees participated in numerous community outreach projects worldwide
  
  

Governance and Compliance:

• Limited Assurance: Adient's 2024 Sustainability Report includes verified data on key sustainability metrics, such as scope 1 and 2 greenhouse gas emissions, total energy consumption and total water withdrawal. These metrics have been assured by a third party, validating the accuracy and reliability of our reported data
  
  

• Ethics and Integrity: In fiscal year 2024, 99% of Adient's global salaried workforce certified their compliance with the company's Ethics Policy
  
  

• Supplier Management: Adient launched a Global Comprehensive Supplier Scorecard to monitor supplier performance in areas such as quality, delivery and sustainability. Additionally, Adient established a supplier Center of Excellence to enhance supplier compliance and risk management processes