Powering a more sustainable tomorrow
Our commitment to corporate responsibility is embedded in our values and how we do business.
Priorities and framework
In 2023, we made great progress in establishing our initial sustainability strategies, framework, and governance structure as a standalone company. We also participated in industry sustainability initiatives through the Motor & Equipment Manufacturers Association (MEMA) and the European Association of Automotive Suppliers (CLEPA), and contributed to committees engaging in topics that include Scope 1, 2, and 3 emissions, social and environmental sustainability of supply chains, and sustainable materials.
Our sustainability priorities are guided by our values and stakeholder engagement, with a view to third-party standards and frameworks, including
the Sustainability Accounting Standards Board (SASB), Task Force on Climate-Related Disclosures (TCFD), and Global Reporting Initiative (GRI). We integrate sustainability objectives into our decision-making to deliver long-term value for our employees, customers, communities, shareholders, and other stakeholders.
Environment
Product Engineering
Facilities and Operations
Social
Equity, Diversity, and Inclusion
Development and Education
Engagement and Sentiment
Health and Safety
Governance
Ethics, Integrity, and Compliance
Supply Chain Responsibility
Product Quality and Safety
Data Protection and Cybersecurity
Sustainability governance
PHINIA’s sustainability governance structure is designed to enable appropriate oversight, strategic alignment, and broad engagement of our sustainability strategies, priorities, risks, and opportunities across the organization. We recognize that managing sustainability risks and opportunities is integral to our aspirations to advance sustainability today, with the goal of powering a cleaner tomorrow.
Board of Directors
Actively engaged with management in overseeing PHINIA’s key sustainability strategies and initiatives, with various oversight responsibilities
delegated to our board committees.
Audit Committee
- Internal audit, accounting and financial risks
- Cybersecurity
- Risk management
- Whistleblower and ethics programs
- Legal and regulatory compliance
Compensation Committee
- Executive compensation policies and practices
- Human capital management, including equity, diversity, and inclusion
Corporate Governance Committee
- Corporate governance
- Succession planning
- Sustainability reporting, strategies, risks, and opportunities
- Stakeholder feedback on ESG topics
- Board-level ESG expertise
Strategy Board
Oversees sustainability strategies and goals, and provides resources to execute our initiatives.
- CEO
- Other Executives
Sustainability Steering Committee
Drives alignment with business strategies and priorities and oversees work of the Sustainability Council and Work Groups.
- Executive-level sponsors across sustainability priorities and framework
Sustainability Council and Work Groups
Develop and monitor key sustainability strategies and initiatives, and assess related trends, risks and opportunities.
- Subject matter experts from business and corporate functions
- Work Group leads focused on topics across sustainability priorities and framework
Oversight
Alignment
Engagement
Strategy Board
Oversees sustainability strategies and goals, and provides resources to executive our initiatives.
- CEO
- Other Executives
Oversight
Sustainability Steering Committee
Drives alignment with business strategies and priorities and oversees work of the Sustainability Council and Work Groups.
- Executive-level sponsors across sustainability priorities and framework
Alignment
Sustainability Council and Work Groups
Develop and monitor key sustainability strategies and initiatives, and assess related trends, risks and opportunities.
- Subject matter experts from business and corporate functions
- Work Group leads focused on topics across sustainability priorities and framework
Engagement
Powering a more sustainable tomorrow
Our vision – advancing sustainability today to power a cleaner tomorrow – is at the heart of every innovation, operation, strategy and initiative we undertake. Find out how we are achieving that vision for our customers, people and communities across the globe.
Read our 2023 Sustainability Report
Our inaugural Sustainability Report highlights our initial strategies and framework, sets a benchmark for future progress across our environmental, social, and governance initiatives, and emphasizes our focus on driving long-term value for our stakeholders.
We are committed to proactively advancing sustainability today, with the goal of powering a cleaner tomorrow. Discover our journey so far, and the positive impacts we are already seeing through our business and actions.
