Magna International is a leading global automotive supplier based in Canada that operates in the auto parts sector. The company has a strong focus on decarbonisation and is committed to reducing its carbon footprint through various initiatives, including the use of renewable energy and corporate power purchase agreements (PPAs).

Magna International was founded in 1957 and has since grown to become a leading supplier of automotive parts and systems. The company operates in over 27 countries and has more than 160,000 employees worldwide. Magna International's products include body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems, as well as complete vehicle engineering and contract manufacturing services.

The company has a strong commitment to sustainability and is focused on reducing its carbon footprint. Magna International has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to its 2018 baseline. To achieve this target, the company is implementing various initiatives, including the use of renewable energy.

Magna International is committed to using renewable energy to power its operations. The company has invested in renewable energy projects, including wind and solar, and has signed corporate power purchase agreements (PPAs) to ensure a long-term supply of renewable energy. In 2020, Magna International signed a 10-year PPA with a wind farm in Mexico, which will provide the company with 100% renewable energy for its facilities in the country.

The company is also investing in energy efficiency measures to reduce its energy consumption and carbon emissions. Magna International has implemented energy-efficient lighting, heating, and cooling systems in its facilities, as well as energy management systems to monitor and optimize energy use.

Magna International is committed to decarbonisation and is taking a holistic approach to reducing its carbon footprint. The company is working to reduce emissions across its entire value chain, from its own operations to its suppliers and customers. Magna International is also focused on developing sustainable products and technologies that can help its customers reduce their carbon footprint.

In addition to its focus on decarbonisation, Magna International is also committed to corporate social responsibility. The company has set a target to achieve zero waste to landfill by 2025 and is implementing waste reduction and recycling programs in its facilities. Magna International is also committed to promoting diversity and inclusion in its workforce and has set a target to achieve gender parity in its leadership positions by 2030.

Magna International is a leader in the auto parts sector and is committed to sustainability and decarbonisation. The company's focus on renewable energy and corporate power purchase agreements is helping to reduce its carbon footprint and ensure a long-term supply of clean energy. Magna International's commitment to sustainability and social responsibility is setting an example for other companies in the industry to follow.