VAN BUREN TOWNSHIP, Mich., Oct. 20, 2020 – Visteon Corporation (Nasdaq: VC), a leading global supplier of vehicle cockpit electronics, today announced its latest corporate sustainability report that summarizes initiatives, practices and achievements related to environment, health and safety, products, supply chain, quality and employees.
Sachin Lawande, Visteon president and CEO, called the corporate responsibility summary Visteon’s “public report card” on steps it has taken to protect 10,000 employees, engage local communities in 18 countries, measure environmental performance and the quality of the company’s products. Visteon’s sustainability strategy is based on using human and financial resources to balance private interests with the public good by focusing on three pillars:
- Environmental protection, including energy and water conservation, building products to support protection of natural resources and effective waste management through reduction, recycling and reuse. As vehicle manufacturing continues to become greener, Visteon participates in programs with OEM customers to reduce emissions and waste, and consume energy and water more efficiently. In 2019, for example, Visteon improved direct greenhouse gas emissions by 11 percent.
- Economic viability by focusing on OEM customer needs and delivering high-quality, innovative products to sustain profitable growth. As a global leader in cockpit technologies, Visteon is driving the smart, learning, digital cockpit of the future to improve safety and the user experience. Because OEMs expect to receive high-quality products from suppliers, Visteon innovates to prevent issues before they happen – and in 2019 presented its Quality Award to a team that created a program to predict and minimize supply chain disruptions.
- Social equity, centering on wellness activities, equality and inclusivity, people development and inclusive growth for employees as well as encouraging community service and, most importantly, safety. With no lost-time accidents at 96 percent of its facilities in 2019, Visteon has a world-class health and safety record and is a safety leader in the top percentile of all manufacturing companies.
Visteon met the challenges of COVID-19 by switching to remote work for salaried employees, providing them with communication tools and online training to increase effectiveness and maintain business operations. Employee teams designed, manufactured and donated almost 70,000 personal protective equipment units to hospitals and medical facilities around the world.