Visteon Publishes Corporate Sustainability Report Highlighting Technology, People and Community
04 May 2021 - 11:00PM
Visteon Corporation (Nasdaq: VC), today announced its
2021 Corporate Sustainability Report detailing the company’s
work to drive business results in a socially responsible manner to
help ensure a better future for everyone.
“Visteon remains steadfast in our mission to develop electronic
technologies that enable automakers to offer a more enjoyable,
connected and safe driving experience,” said Sachin Lawande,
president and CEO of Visteon. “In all aspects of our business, we
strive to balance profitable growth with the need to protect our
environment and support the global communities where we have an
invested presence.”
Based on 2020 metrics, the report covers:
Technology
Visteon’s solutions for the global automotive industry advance
the digital, electric and autonomous evolution of global OEM
customers, creating technologies that help automakers minimize the
environmental impact of their products. A majority of Visteon
products are powertrain agnostic and work seamlessly for electric
vehicles as well as traditional gasoline-powered vehicles to meet
current trends such as:
- Growing demand for digital cockpits
- Electrification of the powertrain
- More automated driving through advanced driver-assistance
systems
As market share for electric vehicles continues to grow, Visteon
has introduced the industry’s first production-intent wireless
battery management system (BMS).
“The wireless BMS keeps a constant eye on battery health and
operation, helping automakers enhance vehicle and passenger safety
and improving overall quality and reliability,” Lawande said. “The
technology is another milestone in the development of EVs as the
industry transitions to cleaner transportation solutions.”
People
Visteon’s safety policies and procedures and its culture of
continuous improvement resulted in:
- An injury case rate less than 0.01
per 100 employees
- No lost-time injuries at more than
two dozen manufacturing and technical centers
- Zero lost-time injuries for seven
years in Reynosa, Mexico, and no lost-time cases for 3,000 days in
Visteon Electronics Russia
Despite the uniquely challenging environment presented by the
COVID-19 pandemic, Visteon developed robust operating procedures to
protect the health and safety of its employees and the communities
in which they live by:
- Designing, manufacturing and delivering nearly 70,000 face
shields to protect medical staff.
- Creating protocols at its facilities in Chihuahua, Mexico that
were recognized as best in class by local authorities.
Diversity, equity and inclusion for Visteon’s 10,000 employees
in 18 countries is a key strategic focus. As one of many
professional development initiatives, the company in 2020 launched
the Momentum leadership development program to cultivate a pipeline
of impactful female leaders.
“In our dynamic industry, it is imperative that we invest in
talented results-oriented individuals who can build strong teams
and impact the business through innovation,” Lawande said. “I
expect Momentum will help harness the power of our varied
backgrounds, cultures and experiences, and empower each cohort to
seize the opportunity and make a lasting imprint on our
business.”
Community
Visteon supports the global communities where its employees live
and work through corporate contributions and volunteer initiatives
that include:
- Developing a four-year automotive electronics degree-based
program in Bulgaria to educate, inform and establish a new
generation of technical talent in the country.
- Donating holiday presents, money and food in communities
surrounding its U.S.-based corporate headquarters.
- Supporting and contributing to help underprivileged children,
enhance animal protection, and increase aid and awareness for
vulnerable families and communities in impoverished African
countries through employees in Palmela, Portugal.
- Participating in multiple programs in India, such as supporting
scholarships, providing clean drinking water and infrastructure to
schools in remote villages, distributing prosthetics to physically
challenged people, helping those facing economic difficulties
obtain medical devices, and funding food and nutritional programs
for elderly, special needs children and rehabilitation
centers.
In addition to helping our customers minimize the environmental
impact of their products, Visteon embraces its responsibility to
reduce carbon emissions and manage the environmental impact of
global business operations. The company participates in the Carbon
Disclosure Project and publicly shares emissions data and carbon
emission-reduction strategies.
“We will achieve our business goals by operating responsibly to
safeguard our employees and the communities in which we live and
work, and make a positive impact on people and the environment,”
Lawande said.
Visteon’s 2021 CSR can be found at
https://www.visteon.com/company/sustainability/.
About Visteon
Visteon is a technology leader in automotive electronics
dedicated to creating a more enjoyable, connected and safe driving
experience. Our platforms leverage proven, scalable hardware and
software solutions that enable the digital, electric and autonomous
evolution of our global automotive customers. Visteon products
align with key industry trends and include digital instrument
clusters, displays, Android-based infotainment systems, domain
controllers, advanced driver assistance systems (ADAS) and battery
management systems. The company is headquartered in Van Buren
Township, Michigan, and has approximately 10,000 employees at more
than 40 facilities in 18 countries. Visteon reported sales of
approximately $2.5 billion and booked $4.6 billion of new business
in 2020. Learn more at https://www.visteon.com/newsroom/.
Visteon Contacts: |
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Media: |
Investors: |
Dave Barthmuss |
Kris Doyle |
dave.barthmuss@visteon.com |
kdoyle@visteon.com |
805-660-1914 |
201-247-3050 |
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