Iochpe Maxion
Iochpe Maxion, a prominent player in the automotive components industry, is headquartered in Brazil and operates extensively across South America, North America, and Europe. Founded in 1953, the company has established itself as a leader in the production of wheels and structural components for vehicles, catering to both light and heavy-duty segments. With a commitment to innovation, Iochpe Maxion offers a diverse range of products, including steel and aluminium wheels, as well as advanced structural solutions that enhance vehicle performance and safety. The company’s unique approach to manufacturing and sustainability has earned it a strong market position, recognised for its quality and reliability. Notable achievements include strategic partnerships with major automotive manufacturers, solidifying its reputation as a trusted supplier in the global market.
DitchCarbon Score
How does Iochpe Maxion's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Iochpe Maxion's score of 41 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iochpe Maxion's reported carbon emissions
In 2023, Iochpe Maxion reported significant carbon emissions, with Scope 2 emissions from purchased electricity amounting to approximately 114,599,300 kg CO2e. Additionally, their Scope 3 emissions totalled about 3,559,753,300 kg CO2e, primarily from purchased goods and services, which accounted for approximately 3,570,274,400 kg CO2e. The company has set ambitious climate commitments, aiming for a 70% reduction in Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. This target reflects their commitment to sustainability and aligns with their broader corporate sustainability strategy. Furthermore, Iochpe Maxion is committed to achieving net-zero emissions across all scopes by 2050, as indicated by their Science Based Targets initiative (SBTi) commitment. In previous years, Iochpe Maxion's emissions have shown a consistent pattern, with 2022 Scope 2 emissions at approximately 166,615,200 kg CO2e and Scope 3 emissions at about 3,496,144,400 kg CO2e. The company has not disclosed specific Scope 1 emissions data for recent years, but their overall emissions strategy indicates a focus on reducing their carbon footprint across all operational scopes. Iochpe Maxion's headquarters is located in Brazil, and their sustainability efforts are crucial in the context of the automotive components industry, where reducing greenhouse gas emissions is increasingly important for compliance and corporate responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 186,467,000 | 000,000,000 | - | - | - |
| Scope 2 | 264,717,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
| Scope 3 | 1,007,349,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Iochpe Maxion is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
