OUR CLIMATE COMMITMENT IS DRIVING CHANGE

We believe in a carbon-neutral future for our operations by 2040, our industry and for mobility. Our transition plan, ROADMAP ZERO, is aligned with the Paris Climate Agreement to limit the global temperature to 1.5°C above pre-industrial levels. With our commitments to the United Nations Global Compact and SBTi Net-Zero Standard we are taking ambitious steps in the development of sustainable operations, supply chains and mobility solutions.

We are decarbonizing our wheel production with clean energy, more efficient product designs and processes, and lower carbon materials. By 2025, we will reduce CO2 emissions by 30 percent. By 2030, we are on course to deliver CO2 reductions of 70 percent. More information can be found in the latest Iochpe-Maxion Sustainability Report.

We are committed to continuous improvements in the energy efficiency of our operations. We are sourcing more green electricity from suppliers, investing in renewable energy generation at our sites and working to integrate sustainable biogas.

With 60-70% of Maxion Wheels’ total revenue purchased goods, our global supply chain is a major factor in the company’s sustainability targets and value creation. To achieve the necessary improvements in our sustainability performance, continuous and purposeful collaboration with our supply chain partners are a company priority. Maxion Wheels focus on Responsible Sourcing resulted in a statement meant to inspire suppliers and sub-suppliers to strive for transforming their operations towards and beyond the global sustainability agenda.

We are supporting customer climate targets with wheel design and process advances that maximize the benefits of lower carbon materials to reduce production cycle CO2 emissions, as well as making vehicle wheels lighter, more aerodynamic and more energy efficient.

We are focused on producing our products with the least amount of environmental impact by working with renewable energy, green gas, and water recycling and purification systems.  We support the increase in use of recycled materials and the introduction of green steel and aluminum in the development of circular economy models, which keep materials in use for longer, minimizing landfill waste and CO2.