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Passion for Technology, People and Community Passion for Technology, People and Community Corporate Sustainability Report Visteon Corporation has a long-standing commitment to corporate Visteon is focused on leading the digital revolution in cockpit sustainability and citizenship. In support of this commitment, we are providing electronics, delivering key product platforms that are essential to the this report as a summary of the company’s corporate responsibility activities. cockpit of the future. As a technology-driven company focused on cockpit Included are highlights of company initiatives, practices and achievements electronics that address the digital, electric and autonomous evolution, related to ethics and governance, environment, health and safety, products, Visteon has a world-class workforce and an unwavering dedication to supply chain, quality and our people. This report reflects year-to-date corporate sustainability. information, except for certain metrics where noted. Contents 3 Introduction 23 Environment 4 CEO Letter 24 Sustainability Programs 5 Company Profile 25 Environmental Metrics and Performance 6 Sustainability Strategy 26 2019 Environmental Target Performance 27 2020 Sustainability/EHS Targets 7 People 8 Leadership Principles 28 Products 9 Managing Through COVID-19 29 Instrument Clusters 10 Learning Development Programs 30 Infotainment 12 Diversity and Inclusion 31 Displays 13 Employee Resource Groups 32 Domain Controllers 14 Community Outreach 15 Ethics and Integrity Policy 33 Quality 16 Human Rights and Basic Working Conditions 34 Quality Policy 17 Health and Safety Metrics 35 Visteon Quality Awards 19 Zero Injury Facilities 20 2019 Health and Safety Target Performance 36 Supply Chain 37 Supplier Sustainability 21 Governance 38 Conflict Minerals 22 Board of Directors 2 Introduction 3 During the last several months, Visteon and our industry faced and continues to cope with the unprecedented challenges and disruption created by the global coronavirus pandemic. Despite the unexpected disruption, Visteon continued to grow its businesses and provide shareholder value by managing and leveraging resources and operations in a manner that promoted good citizenship and a healthy environment and community, while executing its commitment to provide customers with the innovations and technologies they need. As the only pure-play manufacturer of cockpit electronics, Visteon’s diverse global talent base designs, engineers and manufactures digital clusters, infotainment solutions, displays, domain controllers, ADAS systems and battery management that lead to more efficient, safe and enjoyable driving experiences. Visteon shares our customers’ commitment to working harder to shrink their environmental footprint by reducing carbon dioxide emissions and waste, and more efficient water and energy use. I would like to acknowledge the tremendous effort of our employees in these challenging times. They have been resilient and resourceful in delivering to our customer commitments, while simultaneously reducing costs to protect our company’s future, and doing what is necessary and right to protect the communities in which we live and work. We remain undeterred in our mission to redefine the automotive cockpit as We helped contribute to the greater good, whether by manufacturing and a platform that delivers the kind of apps and safety information drivers and providing lifesaving personal protective equipment to frontline medical occupants demand from their vehicles. I hope you find the information in personnel risking their lives to save ours from a deadly global pandemic, or this report helpful in evaluating the manner in which we are executing on by hosting scores of college students in India to promote the use of coding our goals, protecting our people, and helping our communities. to solve technical automotive problems. Sincerely, Our latest Corporate Social Responsibility summary is our public report card assessing our progress in fulfilling our global sustainability strategy. Here we show how we protect our 10,000 employees and engage communities in the 18 countries where we currently find ourselves. eW also outline how we govern our company, how we measure our environmental Sachin Lawande performance, the products we produce and the quality principles to which CEO, Visteon Corporation we hold ourselves accountable, and what we expect from our supply chain. 4 Company Profile No. 1 Headquarters 2.9 Billion Key Products 10,000 Leading automotive Van Buren Township, Michigan, U.S. 2019 Revenue Instrument clusters, Employees technology company infotainment systems, displays, in approximately 18 focused exclusively on domain controllers and ADAS countries cockpit electronics systems solutions As a leading manufacturer of cockpit electronics, Visteon has a diverse Visteon also delivers artificial intelligence-based technologies, connected global talent base that designs, engineers and manufactures innovative car, cybersecurity, interior sensing, embedded multimedia and smartphone digital cockpit electronics and connected car solutions for the world’s major connectivity software solutions, and our DriveCore™ platform delivers vehicle manufacturers. Level 2+ ADAS solutions that lead to a safer driving experience. Visteon is a global leader in cockpit electronic products including digital instrument clusters, information displays, infotainment and domain controllers – spearheaded by its industry-first SmartCore™ platform. 5 » » » » » Sustainability Strategy » » » Social Environmental Economic Equity Protection » Viability Safe working conditions Energy and water conservation Innovation » Wellness activities Products to support protection of natural resources Product quality Community service Reduce, reuse and recycle Profitable growth Equality and inclusivity Customer focus People development Inclusive growth No single group can solve the world’s problems, but public companies like ours can move the collective needle by using their human and financial resources to innovate in ways that benefit both private interests and the public good. We strive to do so by balancing the impact of our economic, social and environmental performance. Visteon’s three pillars of sustainability utilize these measures and provide a solid foundation to plan, engage and distribute effectively in this area. 6 People 7 Courage Vision I often make tough I take a long view and decisions think strategically about Leadership where we are going Principles At Visteon, we believe all of our employees are leaders. Our leadership principles are behaviors that all Visteon employees should demonstrate Integrity Communication to enable business excellence. I always do right by the I effectively articulate company; this is expected of complex business topics in a compelling way We expect our leaders to drive me as a great leader operational and financial results, and build strong teams that drive business transformation. Optimism Humility I see the glass as I show humility, the half full and bring others opposite of ego; this is along with me how I develop trust 8 Managing Through COVID-19 COVID-19 made 2020 an unprecedented year. When the pandemic began shields that were donated to hospitals and medical facilities to protect to spread, Visteon quickly established a Coronavirus Task Force – comprised frontline medical. To date, Visteon continues its support of vulnerable people, of site and HR leaders from each of our global facilities – to monitor the communities and institutions with donations, food and other provisions. situation, share best practices, adjust policies and procedures to safeguard As we safely resumed operations following shutdowns, we developed employees, and ensure business continuity. Return-to-Work Protocols – aligned with World Health Organization (WHO) Visteon pivoted our business operations to a remote-work model, increasing recommendations and country-specific regulations – which we shared with communications with teams, and providing online training to increase others in our industry. personal and team effectiveness while working remotely. Visteon’s efforts did not go unrecognized. Personal protective equipment The crisis was not without its heroes. Our teams around the world came donations were appreciated by medical facilities around the world. Praised as together to design, manufacture and deliver nearly 70,000 protective face a role model within the automotive industry, Visteon’s Chihuahua, Mexico plant was highlighted in a state video promoting safe return to work protocols. 9 Automotive Electronics Graduate Program Technical University Partnership Visteon’s technology center in Bulgaria has taken a proactive approach to Visteon has poured its energy, enthusiasm and expertise into building talent acquisition, commencing its first Automotive Electronics graduate an outstanding syllabus that caters to approximately 200 students in the program for the next generation of engineers and software developers in four-year course. September 2020. The site has teamed up with Sofia’s Technical Planning, designing and executing a curriculum that incorporates modern University to implement important learning programs that will educate, theories and best practices within automotive today, the program covers a inform and establish the next generation of technical talent in the country. wide range of topics including specialized electronics modules, process Through strong collaboration, the two partners developed the idea of a monitoring and control systems in vehicles – from concept design
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