Magtec release Environment Social Governance Annual Report

By Beth Machin

March 22, 2024

At Magtec, we are committed to pioneering sustainable transportation, driven by our deep commitment to environmental, social, and governance (ESG) principles. We’re pleased to share our annual ESG report for 2023, which showcases our unwavering dedication to creating a cleaner, healthier, and more connected world.

Over the past five years, our electric vehicle (EV) drive systems have collectively saved 8000 tonnes of CO2 emissions – the equivalent of planting 77,000 trees. Our approach to sustainability includes the responsible recycling of vehicle components and batteries, magnet recycling innovations, and extending the life of transportation vehicles.

As a customer and supplier in the EV industry, we are proud to uphold the highest standards of corporate responsibility, ensuring the safety, reliability, and sustainability of our products and operations. Our commitment to community engagement, stakeholder transparency, and ethical governance underpins our strategy, driving us towards achieving our vision of a cleaner, healthier, and more connected world.

We invite you to explore our ESG report and learn more about our dedicated approach to sustainability. Together, let’s drive towards a future where clean, efficient, and accessible transportation is a reality for all.

Read our annual report here: Magtec’s Environment Social Governance Annual Report

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