Visteon has undergone a dynamic transition in recent years – from a large, multi-product automotive supplier to a smaller, technology-focused provider of vehicle cockpit electronics. What hasn’t changed is our commitment to maintaining the highest standards of corporate responsibility. Everywhere we operate in the world – at more than 50 facilities in 21 countries – we place the highest priority on integrity and sustainability.
In 2014, Visteon performed well financially while completing many strategic actions to position the company for future success. We did so while achieving world-class health and safety performance, striving to be a good corporate citizen, and maintaining practices that conserve energy and help protect the environment. I am proud to report that every facility where Visteon has financial control (more than 50 percent ownership) is ISO14001/OHSAS18001-certified.
We continue to drive improvement in our safety and sustainability metrics. Visteon recorded its lowest-ever occupational injury rates in 2014. Our lost-time case rate of 0.07 in 2014 placed Visteon within the top 10 percent of all industries – and is considered best-in-class for automotive and manufacturing companies. More than 80 percent of our global facilities had zero lost-time injuries in 2014, as our employees continue to embrace a no-injury mindset.
Through corporate contributions and the generosity of our employees, Visteon made a difference in the lives of thousands in 2014. A commitment to helping those in need can be seen at traditional Visteon operations as well as former Johnson Controls electronics facilities that Visteon acquired in July 2014. This common spirit of caring is evident in many corners of the globe – from UK employees raising money for children in need; to team members in Turkey supporting children diagnosed with leukemia; to U.S. employees cleaning up a Detroit, Michigan, neighborhood; to employees in China participating in a 5K run to raise money for medical assistance for poor children and orphans.
Visteon continued to improve its environmental performance in 2014. We achieved a three-year target of a 20 percent reduction in normalized CO2 emissions one year early. We also exceeded targets for energy and waste efficiency improvement, while slightly missing a water-reduction target due to increased plant activity levels around the globe. We continue to voluntarily participate in the Carbon Disclosure Project, publicly sharing emissions data and carbon emission-reduction strategies.
This report highlights corporate sustainability activities across our global operations in 2014, and outlines our 2015 targets. While our industry and corporate profile have evolved considerably, Visteon and our employees remain dedicated to the principles of sustainability.
Jeffrey M. Stafeil