Focusing on Mobility’s Toughest Challenges
Traffic safety and climate change are two of the global challenges where the automotive industry has a responsibility to act for a sustainable future.
Our sustainability approach is based on four focus areas, with broad ambitions and more specific short-term targets defined for each area. These areas represent the strongest links to our business risks and opportunities and the greatest impact on key stakeholder groups, society, and the environment. All four areas represent global challenges where we believe we can make a positive difference.
Materiality Analysis
Veoneer’s sustainability approach is guided by a double materiality assessment combined with a constant review of global challenges, the automotive industry’s challenges, external reports, legislations and frameworks, ESG surveys, stakeholder surveys and dialogues with stakeholders, leaders in our organization, customers, suppliers, owners, and NGOs.
Integrated in Our Business
Sustainability is integrated in Veoneer’s business, anchored by a passion for innovation and our purpose to create trust in mobility. Founded in 2018, Veoneer has worked structured to integrate sustainability deeper into the business, strengthening our sustainability efforts and making improvements by improving policies, identifying targets and KPIs. Veoneer has a strong commitment to customers and end-consumers, society, employee development, business partners, and the environment.
The leadership team has the responsibility over coordination and implementation, and the line and functional managers are ultimately responsible for program execution.
Veoneer's Sustainability Forum supports by driving and measuring progress. The Sustainability Forum meets monthly, and drive progress in smaller teams in between the meetings. Attendance is high every meeting. The Sustainability Forum is chaired by the Communications department, which is also focusing on stakeholder engagement and raising internal sustainability awareness.
Veoneer’s sustainability performance is reported quarterly to the CEO and to the owner AIP.
Saving Lives. Every Day.
When traffic accidents cannot be avoided, Veoneer's Restraint Control Systems help mitigate the effects of a crash.
According to the World Health Organization, almost 1.4 million lives are lost annually and 50 million people are injured on roads globally, over half of which are pedestrians and vulnerable road users.
Veoneer supports the Sustainable Development Goal #3 — halving the number of global deaths and injuries from road traffic accidents.
