Mumbai, Sept. 16 -- Iochpe-Maxion, a world leader in automotive wheels production and a leading producer of automotive structural components in the Americas, has received official validation from the Science Based Targets initiative (SBTi) for its net-zero emissions strategy. This approval confirms that the company's climate goals are consistent with the ambition to limit global warming to 1.5degC and achieve net-zero emissions by 2050 at the latest.

The SBTi has classified both the company's near-term and long-term targets for Scope 1, 2 and 3 emissions as aligned with 1.5degC mitigation pathways. Iochpe-Maxion has committed to reducing its absolute Scope 1 and 2 emissions by 63.2 percent by 2030, using 2019 as a base year. Over the sam...