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2007 Reference document (PDF) - Valeo

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2 Management<br />

PAGE 50<br />

Report<br />

Environmental management and performance<br />

Environmental management and performance<br />

This environmental indicators report is based on the obligations and<br />

recommendations set out in the French New Economic Regulations<br />

Law of May 15, 2001 and decree No. 2002-221 of February 20, 2002,<br />

amended by decree No. <strong>2007</strong>-431 of March 27, <strong>2007</strong>.<br />

Our planet faces major ecological challenges, one of the most<br />

prominent of which concerns the threat of climate change. Mounting<br />

collective awareness of the urgent need for environmental action<br />

prompted many initiatives in <strong>2007</strong>, some with a very direct bearing<br />

on the automotive industry.<br />

One international initiative in <strong>2007</strong> was a report on voluntary<br />

undertakings from automakers to bring down average vehicle CO2 emissions to 140 g per km – by 2008 for E uropean makers and by<br />

2009 for Japanese and Korean makers. A forthcoming E uropean<br />

directive was also drafted, to specify CO emission thresholds<br />

2<br />

for new vehicles on the basis of vehicle weight and to impose<br />

1. Environmental strategy and performance management<br />

1.1. <strong>Valeo</strong> and world environmental<br />

challenges<br />

Like other automotive equipment suppliers, <strong>Valeo</strong> faces three<br />

main environmental challenges: (i) energy consumption and<br />

<strong>2007</strong> <strong>Reference</strong> <strong>document</strong> - VALEO<br />

< Contents ><br />

financial penalties on manufacturers who fail to comply with these<br />

thresholds.<br />

Compared to other types of industrial plant, a <strong>Valeo</strong> site has a fairly<br />

low environmental impact, emitting a thousand times less CO than 2<br />

a steelworks and 400 times less than a refinery, for example.<br />

On the other hand, transport is responsible for around a quarter of<br />

CO emissions worldwide.<br />

2<br />

This section provides an analysis of <strong>Valeo</strong>’s undertakings and<br />

performance in terms of protecting the environment and natural<br />

resources – two issues that underpin the very concept of sustainable<br />

development. Though it focuses primarily on production sites, it<br />

also examines environmental impact from a product lifecycle angle,<br />

covering the design, manufacture, use and disposal of <strong>Valeo</strong>’s<br />

products.<br />

related emissions (including the CO emitted by motor vehicles);<br />

2<br />

(ii) consumption of natural resources; and (iii) use of hazardous<br />

substances. These challenges apply to the design of <strong>Valeo</strong> products,<br />

and to upstream production and transport phases.<br />

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