BRINGING THE FUTURE FASTER.
POWERING
- SUSTAINABLE FUTURE
2022 SUSTAINABILITY REPORT
2022 SUSTAINABILITY REPORT | ENVIRONMENTAL | SOCIAL | PRODUCT | SUPPLY CHAIN | GOVERNANCE | APPENDIX | |
VISION
To POWER a more sustainable future while providing value to our stakeholders.
MISSION
Advancing global mobility through innovative technologies and sustainable solutions.
SUSTAINABILITY MISSION
~20,000*
ASSOCIATES
18
COUNTRIES
$5.8B
2022 REVENUE
To deliver POWER and build a safer, greener and sustainable future
for our Associates, customers, communities and the environment.
As a leading global Tier 1 Automotive and Mobility Supplier,
AAM (NYSE: AXL) designs, engineers and manufactures Driveline and Metal Forming technologies
to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit with 85 facilities in 18 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit aam.com.
*Includes full-time and part-time Associates, along with co-ops, contractors, etc.
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2022 SUSTAINABILITY REPORT | ENVIRONMENTAL | SOCIAL | PRODUCT | SUPPLY CHAIN | GOVERNANCE | APPENDIX | |
TABLE OF CONTENTS
- 2022 Highlights
- Chairman and CEO Letter
- Sustainability Priority Topics
8 Environmental
- Protecting the Environment
- Environmental Objectives
- Environmental Stewardship
21 Social
- Focusing on People
- Health and Safety
- Diversity, Equity and Inclusion
- Respect for Human Rights
- AAM 360
46 Product
- Delivering Power
- Shift to Electrification
- Sustainable Product Practices
- Q4 Quality System
- Quality Awards
54 Supply Chain
- Collaborating with Partners
- Doing Business with AAM
- Supply Chain Sustainability
- Supply Chain Diversity
63 Governance
64 Board Level Oversight
- Sustainability Governance
- Cybersecurity and Data Protection
- Ethics and Compliance
72 Industry Associations
73 Appendix
74 About this Report
- Supplemental Information
- UN SDGs Index
- GRI Standards Index
- SASB Standards Index
- TCFD Standards Index
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2022 SUSTAINABILITY REPORT | ENVIRONMENTAL | SOCIAL | PRODUCT | SUPPLY CHAIN | GOVERNANCE | APPENDIX |
2022 HIGHLIGHTS
Received three Automotive News
PACE program awards
Achieved an A- on the CDP
Climate Change survey
Achieved Silver Status on the EcoVadis
Sustainability Assessment
Achieved SBTi validation of
GHG Emissions goals
Named one of America's
Best Large Employers by Forbes
Improved on all Safety Performance metrics
Completed a sustainability
materiality assessment
Launched 17 major global
product programs
Hired our first Executive of Diversity,
Equity and Inclusion
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2022 SUSTAINABILITY REPORT | ENVIRONMENTAL | SOCIAL | PRODUCT | SUPPLY CHAIN | GOVERNANCE | APPENDIX | |
CHAIRMAN AND CEO LETTER
AAM was founded on a set of Cultural Values and Strategic Principles that defines who we are to drive performance and build value. These Values and Principles are core to our vision of POWERing a more sustainable future that is safer, greener and more inclusive for Associates, customers, communities and stakeholders.
AT A GLANCE
In 2022, we made great strides in our sustainability (environmental, social and governance, or ESG) objectives.
AAM was among the very first automotive Tier 1 suppliers to have net‐ zero emissions targets validated by SBTi, the top external validation source in the industry. In addition, we performed a sustainability materiality assessment to identify and prioritize sustainability topics and initiatives for 2023 and beyond.
On the product side, we demonstrated electrification leadership through state-of-the-art electric drive technology by winning three Automotive News PACE program awards for our Electric Vehicle (EV) Technologies. Our Hybrid-Electric2-speed Electric Drive Unit (EDU) won both a PACE Award and PACE Innovation Partnership Award, while our Electric Integrated 3-In-1Wheel-End EDU was named a PACEpilot Innovation to Watch.
Early in 2022, we announced our investment in Autotech Ventures. This partnership complements AAM's mission to develop and produce the industry's most efficient and powerful EDUs. In June, we completed our acquisition of Tekfor Group. This move leverages our core strengths, increases our electrification product portfolio, and diversifies our geographic and customer sales mix.
We expanded our efforts to create a more respectful and inclusive company culture for all Associates. We welcomed AAM's first Executive of Diversity, Equity and Inclusion (DEI) in 2022, and further expanded our DEI programming globally. We also included DEI-focused metrics among our key performance and incentive objectives for all Salaried Associates.
ADDITIONAL HIGHLIGHTS INCLUDE:
- Received recognition from our customers and other organizations for our quality, safety and sustainability performance.
- Successfully completed 17 major global product and program launches.
- Established a Supplier Sustainability Council to provide guidance and recommendations around sustainability initiatives between AAM and our global network of suppliers.
- Continued our support of the communities where we live and work through monetary donations and volunteer events with organizations that work to better our local communities, schools and families.
- Named one of America's Best Large Employers by Forbes for the third time.
At AAM, we place a high priority on advancing our sustainability objectives because we believe they will contribute meaningfully to our future success. As you read this report, you will see the significant progress we have made.
I'm proud of what our team has accomplished in 2022 and proud of where we're going. Now more than ever, we are deeply committed to profitably growing our business in a way that is sustainable and socially responsible.
As always, thank you for your support as we work toward Bringing the Future Faster.
Sincerely,
David C. Dauch
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AAM - American Axle & Manufacturing Holdings Inc. published this content on 03 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2023 16:25:06 UTC.