Valeo recognized for its CSR policy and the quality of its governance

Valeo scored particularly well in the three areas identified by ISS ESG as key performance indicators for automotive suppliers: a portfolio of existing products that help reduce CO₂ emissions, global management of social and environmental risks, and quality of the Group’s governance.

ISS ESG singled out the quality and diversity of Valeo’s product portfolio, including the 48V system, thermal management solutions for batteries and new-generation lighting systems, which all contribute to reducing vehicle CO₂ emissions. This ranking underscores the relevance of the Group’s strategy, which is based on innovation for the development of autonomous vehicles and reducing CO₂ emissions. The rating agency had particular praise for the quality of the Group’s governance, with a Board of Directors including independent members, and the positive results of its cross-functional sustainable development policy, which takes into account labor-related, social (supply chain, multilateral commitments) and environmental aspects in all of the Group’s locations.

In 2018, products that directly or indirectly contribute to reducing CO₂ emissions accounted for more than 50 percent of Valeo’s original equipment sales. Half of Valeo’s R&D expenditure – which approached 2.1 billion euros in 2018 – is dedicated to technologies that contribute to reducing CO₂ emissions. Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented: “Valeo’s number one position in ISS-oekom’s ESG performance ranking of global automotive suppliers is recognition of our entire approach to sustainable development, which is a fundamental part of our DNA. This includes our product strategy based on innovation in CO2 emissions reduction and the autonomous vehicle, our management of social and environmental risks and our exemplary governance. It goes without saying that this honor is an immense source of pride for all of Valeo’s teams.”