Visteon’s 2021 Corporate Sustainability Report Highlights Priorities, Products and People

• Commitment to align greenhouse gas reduction targets with Science Based Targets initiative (SBTi)
• Growing electrified product line, including first-to-market smart wireless battery management system, supports industry shift to electric vehicles
• No lost-time injuries at any of Visteon’s more than two dozen manufacturing and technical centers
• Beliefs, Values and Leadership Principles provide a guide for maintaining the highest standards
• Investing in a strong pipeline of talented, diverse leaders
  

VAN BUREN TOWNSHIP, Mich., June 23, 2022 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC) today introduced its 2022 Corporate Sustainability Report (CSR), which highlights the company’s commitment to drive business results in a socially responsible manner and uplift the communities in which it operates. Visteon is a global technology leader serving the mobility industry, dedicated to creating a more connected, clean and safe driving experience. The report covers priorities, product innovations and people initiatives based on 2021 metrics and actions.

“Just as important as what we do, is how we do it. Our Beliefs, Values and Leadership Principles remain at the forefront and guide us to always do the right things in the right way,” Sachin Lawande, President and CEO, Visteon, said.

Priorities

In 2021, Visteon committed to set longer term greenhouse gas (GHG) emission reduction targets aligned with the Science Based Targets initiative (SBTi) and reduce total energy and water consumption, solid waste and CO2 emissions from 2019 levels.

The company’s roadmap to reduce its GHG emissions includes the following actions and initiatives:

• Accelerate the installation of renewable energy on-site
• Collaborate with customers in reducing the carbon footprint of our products
• Procurement of renewable energy power purchase agreements
• Work closely with Visteon partners to reduce emissions across the supply chain
• Communicate progress on energy and emissions reductions to employees, customers, investors and other stakeholders
  

“Visteon is on track with its environmental goals and is still targeting further improvement with regard to greenhouse gases, energy consumption, waste reduction and water consumption,” stated Sachin Lawande, President and CEO, Visteon.

Products

Visteon’s new product innovations focus on three trends that are defining the future of the industry:

• Electrification technologies that support the global growth of electric vehicles (EVs)
• Advanced Display Solutions that enable the evolution toward a digital cockpit with larger and more immersive reconfigurable surfaces
• Connected Car Solutions to help auto manufacturers integrate over-the-air software updates and Android-based infotainment for their next-generation cockpits