Carbon Neutrality Target By 2050 Set By French Firm Valeo
French global automotive supplier Valeo has said that it is committed to achieving carbon neutrality by 2050. The company also claims that it would achieve 45 percent of its objective by 2030. The firm added that it would achieve carbon neutrality for all of its own operating activities and across its entire supply chain worldwide and will be 100 percent carbon neutral by 2050.Â
The firm also targets investing 400 million euros by 2030 for reducing emissions related to its operating activities. The investment would be used to upgrade the Group’s sites to enable the current 100 most carbon-intensive facilities to become high-energy efficiency sites by 2030.