Faurecia integrated into the Euronext CAC 40 ESG Index
Faurecia, company of the Group FORVIA, the 7th largest automotive industry supplier, announces that it has been integrated into the ranking Euronext CAC 40 ESG® index that comprises the 40 companies within the CAC® Large 60 index that demonstrate the best Environmental, Social and Governance (ESG) practices. It will be effective from Monday 19 September 2022.
The CAC 40 ESG® index combines measurement of economic performance with Environmental, Social and Governance impacts, in line with the French SRI label and the UN Global Companies principles.
FORVIA is committed to a more sustainable mobility and develops technologies that support this. Our strategy for Net-Zero CO2 emission no later than 2045 is reflected in our actions, and we are the first automotive company to have these targets approved by the Science Based Target Initiatives (SBTi) - one of the most rigorous and challenging environmental certification organizations.
“Combined business growth and environmental matter is one of our key challenges. The world is evolving fast, and we believe as an automotive company that we have a crucial role through the technologies we develop and the social and environmental choices we make. We set an ambitious 2045 net-zero target within FORVIA – confirming our leadership in the automotive industry and the entry of Faurecia into the Euronext CAC 40 ESG® index following our SBTi certification is, unquestionably, a further major marker that we are heading in the right direction.”
Patrick Koller, Chief Executive Officer of Faurecia
On November 4, FORVIA will hold its 1st Sustainability Day at the Docks of Paris – Aubervilliers. It will present the Group’s sustainability roadmap and detailed actions for the first time. The occasion for the Group’s partners and customers to find out the highlighted technologies and sustainable projects that pave the way to FORVIA’s ambitious 2045 net-zero target.
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