Potential offtaker

American Axle & Manufacturing, Inc.

www.aam.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

American Axle & Manufacturing, Inc. (AAM) is a leading manufacturer of drivetrain components for the automotive industry. The company was founded in 1994 and is headquartered in Detroit, Michigan, United States. AAM has operations in North America, South America, Europe, and Asia, and employs over 25,000 people worldwide.

AAM's products include axles, driveshafts, transfer cases, and other drivetrain components for light trucks, SUVs, and commercial vehicles. The company's customers include major automotive manufacturers such as General Motors, Ford, and Fiat Chrysler Automobiles.

As a major player in the automotive industry, AAM is committed to reducing its environmental impact and contributing to the decarbonisation of the transportation sector. The company has set ambitious sustainability goals, including reducing its greenhouse gas emissions by 50% by 2030 and achieving carbon neutrality by 2050.

To achieve these goals, AAM is investing in renewable energy and energy efficiency measures. The company has installed solar panels at its facilities in Michigan, Indiana, and Ohio, which generate over 3.5 million kilowatt-hours of clean energy annually. AAM has also implemented energy-saving measures such as LED lighting, energy-efficient HVAC systems, and waste heat recovery systems.

In addition to reducing its own carbon footprint, AAM is also helping its customers to decarbonise their operations. The company offers a range of lightweight and energy-efficient drivetrain components that help to improve fuel efficiency and reduce emissions. AAM's products are also designed to be recyclable, reducing the environmental impact of end-of-life vehicles.

AAM is also exploring new business models that support the transition to renewable energy. The company has signed a corporate power purchase agreement (PPA) with a wind farm in Texas, which will provide AAM with 100 megawatts of renewable energy. The PPA will help to reduce the company's reliance on fossil fuels and support the growth of the renewable energy industry.

AAM's commitment to sustainability is reflected in its corporate culture and governance. The company has established a Sustainability Council, which is responsible for overseeing the company's sustainability strategy and ensuring that sustainability is integrated into all aspects of the business. AAM's Board of Directors also includes a Sustainability Committee, which provides oversight and guidance on sustainability issues.

Overall, AAM is a leader in the automotive industry's transition to a more sustainable future. The company's investments in renewable energy and energy efficiency are helping to reduce its environmental impact and support the decarbonisation of the transportation sector. AAM's commitment to sustainability is also driving innovation in its products and business models, creating new opportunities for growth and contributing to a more sustainable economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment