2021 Corporate Sustainability Report
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Passion for Technology, People and Community 2021 Corporate Sustainability Report 1 | Corporate Sustainability Report
Contents
(Use these icons to navigate through the report)
Introduction Health & Safety Quality People
CEO Letter. . . . . . . . . . . . . . . . . . . . . . . 3 Commitment . . . . . . . . . . . . . . . . . . . . . 20 Quality Policy. . . . . . . . . . . . . . . . . . . . . 31 Employee Engagement. . . . . . . . . . . . . 41
Our Commitment. . . . . . . . . . . . . . . . . . . 4 Health & Safety Metrics. . . . . . . . . . . . . 21 Visteon Quality Awards. . . . . . . . . . . . . 32 Leadership Programs . . . . . . . . . . . . . . 42
Company Profile . . . . . . . . . . . . . . . . . . . 5 Employee Resource Groups. . . . . . . . . 44
Sustainability Strategy. . . . . . . . . . . . . . . 6
Supply Chain Governance Community Outreach. . . . . . . . . . . . . . 45
Policies . . . . . . . . . . . . . . . . . . . . . . . . . 24 Ethics & Integrity Policy. . . . . . . . . . . . . 33
Industry Associations. . . . . . . . . . . . . . . . 7 Community Outreach Successes . . . . . 46
Code of Conduct & Sustainability . . . . . 25 Human Rights & Code of
Awards. . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Basic Working Conditions. . . . . . . . . . . 34
Strategic Supplier Award. . . . . . . . . . . . 26
Board of Directors. . . . . . . . . . . . . . . . . 35
Environment
Commitment . . . . . . . . . . . . . . . . . . . . . 10
Products Cybersecurity. . . . . . . . . . . . . . . . . . . . 36
Overview. . . . . . . . . . . . . . . . . . . . . . . . 27 Diversity, Equity and Inclusion. . . . . . . . 37
Targets. . . . . . . . . . . . . . . . . . . . . . . . . . 12
Electronics. . . . . . . . . . . . . . . . . . . . . . . 28 Managing COVID . . . . . . . . . . . . . . . . . 39
Sustainability Programs. . . . . . . . . . . . . 13
MicroZone™ . . . . . . . . . . . . . . . . . . . . . 29
Environmental Metrics. . . . . . . . . . . . . . 14
SmartCore™. . . . . . . . . . . . . . . . . . . . . 30
Environmental Successes. . . . . . . . . . . 18
2 | Corporate Sustainability Report
From the CEO
Passion drives our commitment to socially responsible business activities
Passion is at the heart of everything we hardware and software solutions help to share our commitments to ethics connected and safe driving experience.
do at Visteon. That’s why “Passion for OEMs reach their environmental goals by and integrity, basic human rights and Visteon will always achieve those goals
Technology, People and Community” reducing vehicle mass, weight and power working conditions, and to reduce the in a socially responsible manner to help
is the theme of our 2021 Corporate consumption. environmental impact of their operations. ensure a better future for everyone.
Responsibility Report. This is our public
report card of the company’s global Due to the varied backgrounds and Sincerely,
sustainability performance for 2020
unless otherwise indicated.
“ While Visteon’s technology
solutions help our OEM
experiences of our 10,000 employees
in 18 countries, diversity, equity and
inclusion represents a key strategic focus
In all aspects of our business, we strive to customers minimize the for our company. Gender diversity is
balance profitable growth with the need an important part of that effort, and we Sachin Lawande
environmental impact of their President and CEO
to protect our environment and support launched a significant initiative to cultivate
the global communities where we do products, we also continue a pipeline of impactful female leaders
business. to improve the environmental through our Momentum leadership
development program and other
Visteon’s solutions for the global performance of our operations professional development efforts.
”
automotive industry advance the digital,
around the world.
electric and autonomous evolution of our It is important that we help the
OEM customers. Our products include communities in which we operate grow
The company participates in the Carbon
digital instrument clusters, displays, along with us. That spirit is evident across
Disclosure Project to provide transparent
Android-based infotainment systems, all corners of the globe. I am proud of our
reporting of its emissions data and carbon
domain controllers and advanced driver employees for responding to the myriad
emission-reduction strategies. Our
assistance systems. of challenges the world encountered
employee safety emphasis made us best-
during 2020.
Beyond the cockpit, our wireless in-class for automotive and manufacturing
battery management system offers a companies once again in 2020. We remain steadfast in our mission to
scalable solution for electric vehicle develop electronic technologies that
We have strong relationships with
manufacturers. Our proven, scalable help automakers offer a more enjoyable,
our supplier base and expect them
3 | Corporate Sustainability Report
Our Commitment to the Automotive Industry Visteon is committed to creating a more enjoyable, connected and safe driving experience through technology. We work in a socially responsible manner to advance the digital, electric and autonomous evolution of our global automotive customers’ products for drivers and their passengers around the world. 4 | Corporate Sustainability Report
Company Profile
Leading the transition to a more digital, connected and electrical future
Visteon is uniquely positioned to meet We also embrace collaboration, making Position: Global technology leader in Customers: Major vehicle
the evolving needs of global automakers it easy for the company’s brightest app automotive electronics dedicated to manufacturers worldwide.
because our products align with and algorithm developers to create creating a more enjoyable, connected
key industry trends. Our technology game-changing applications for our and safe driving experience. Employees: Approximately 10,000 in
solutions are enabling the analog-to- platforms, from infotainment to advanced 18 countries
digital transition in automotive cockpits, driver-assistance systems. Today, we Headquarters: Van Buren Township,
electrification of the powertrain and the are the first in the automotive industry Michigan, U.S. Quality Certification: Visteon
evolution of advanced driver-assistance to address the proliferation of electronic Corporation is certified to the ISO/
systems that enhance automated control units through our SmartCore™ NASDAQ Stock Symbol: VC TS16949 technical specification for
driving. cockpit domain controller solution. quality management systems. The
2020 Revenue: $2.5 billion company requires its supply chain to
Our electronic solutions are dedicated We also plan to drive the next chapter have third-party certification to ISO/
Core Business: Leading the industry’s TS 16949 by an IATF-recognized
to creating a more enjoyable, connected in the cockpit revolution by creating
transition to digital automotive cockpits, certification body.
and safe driving experience within even more advanced technology
electrification of the powertrain, and the
the ecosystem around the vehicle. To solutions based on artificial intelligence,
evolution of advanced driver-assistance Website: www.visteon.com
meet a broad set of industry needs, our augmented reality, driver monitoring and
systems.
product launches include an industry- interior sensing.
Social Media:
first wireless battery management Products: Digital instrument clusters,
system for electric vehicles, multi-display displays, Android-based infotainment
systems, Android-based infotainment, systems, cockpit domain controllers,
digital clusters, and cockpit domain advanced driver assistance
controllers. We are replacing traditional systems (ADAS), and automotive
hard buttons, knobs and switches with electrification including wireless
modern control panels that use touch battery management systems.
and haptics combined with displays to
deliver a more refined experience.
5 | Corporate Sustainability Report
Sustainability Strategy
Companies can make a difference
Global companies like Visteon can move Visteon’s three pillars of sustainability
the collective needle on solving the provide a solid foundation for making a
world’s problems by utilizing their human difference in our communities around the
and financial resources to innovate in world.
ways that benefit private interests and the
public good.
Inclusive Environmental Economic
Growth Protection Viability
Safe working Energy and water Innovation
conditions conservation
Product quality
Community service Products to support
protection of natural Profitable growth
Diversity, equity and resources
inclusion
Reduce, recycle and
People development reuse
Celebrating World Tree Day in Palmela, Portugal
6 | Corporate Sustainability Report
Industry Associations
Working together to shape automotive technologies
Visteon actively participates in these
associations which provide forums to
discuss future transportation systems,
develop standards and share related
issues affecting the automotive industry
and its stakeholders.
Member, Participant Member, Participant In
Founding
In Various Councils Various Workgroups
Member
Member Member Member
7 | Corporate Sustainability Report
Awards
Visteon is proud to serve the world’s automakers, and strives for
excellence in all areas of our business
Leading Technology Publication Mexico, China and India Plants
Recognizes Visteon’s India Team Earn Ford Q1 Certification
Visteon was named Auto Components Ford Motor Co. recognized three
Manufacturer of The Year by Auto Visteon manufacturing facilities with Q1
Components India for its products, its Certification for outstanding performance:
role in shaping the future of automotive Chihuahua, Mexico; Chennai, India; and
cockpit electronics and for making Shanghai, China.
advanced technology affordable for
mass-market applications. The following Q1 accreditation is awarded to Ford
technologies strengthened Visteon’s suppliers that exhibit excellence beyond
nomination: technical specification requirements
in five critical areas: capable systems,
• Android-based infotainment system for continuous improvement, ongoing
the Volkswagen Nivus performance, superior manufacturing
• Hybrid cluster and tripper navigation for processes and customer satisfaction.
Royal Enfield Meteor 350 two-wheeler
The Chennai plant earned a perfect score
in India and 78 other countries
of 100.
• Instrument cluster for the Hyundai
Creta, based on a platform developed
for the Kia Seltos in 2019
Shanghai, China
8 | Corporate Sustainability Report
Awards
Visteon is proud to serve the world’s automakers, and strives for
excellence in all areas of our business
Three Years of Exceptional Visteon’s China Sites Earn Bulgaria Earns Honors for
Results for AAT Industry Awards for Second- Product Launch
For the third-straight year, Visteon
Straight Year Automotive Cluster Bulgaria (ACB)
Automotive Electronics Thailand Shanghai Visteon Automotive Electronics recognized Visteon with its R&D Solution
Ltd. earned the Top Supplier Award (SVAE) received the 2020 Excellent of the Year award for the production
from AutoAlliance Thailand (AAT) for Supplier Award for overall supplier launch of the SmartCore™ cockpit
manufacturing excellence and support. performance from Jiangling Motors Co. domain controller.
Earning the award for two consecutive
The prestigious award recognizes ACB, a nonprofit organization that
years reinforces a culture of excellence
Visteon’s exceptional results in quality, supports business growth in Bulgaria and
and agility at SVAE’s technical centers in
cost and delivery. It is also the company’s internationally, presented the award after
Shanghai and Wuhan.
fifth in six years from AAT, which the successful development and launch ACB Award, Bulgaria
also honored VETL for consistently Visteon China received GGAI’s 2020 of Visteon’s SmartCore cockpit domain
outstanding performance. The company, Annual Intelligent Connected Market controller with Daimler. The company’s
which has had a manufacturing presence Share Leader Award for technological, engineering team in Sofia played a critical
in Thailand for 22 years, built a plant product and brand innovation within role in supplying the technical excellence
strategically close to AAT operations in China’s intelligent connected services for product development and enhancing
2013. chain. The award recognizes Visteon the overall quality of the road-ready
China’s role as a Tier 1 supplier of platform.
automotive electronics solutions offering
end-users a rich, networked experience
for entry-level and luxury model vehicles.
ACB Award, Bulgaria
9 | Corporate Sustainability Report
Environment
Visteon is committed to reducing emissions
A cleaner, greener, healthier environment • Investigating and procuring, where
is important to Visteon’s global business feasible, renewable energy to reduce
activities. We embrace our responsibility the company’s global carbon footprint
to reduce carbon emissions and manage • Continuing to seek impactful and
the environmental impact of our business innovative energy efficiency projects in
operations. our operations
Environmental responsibility includes
Visteon is committed to reducing air
quantifying and reducing emissions
emissions, including carbon monoxide
that result primarily from electricity
(CO), nitrogen oxides (NOx), particulate
consumption, and minimizing the impact
matter (PM), sulfur oxides (SOx),
of activities throughout our global supply
volatile organic compounds (VOCs) and
chain. Visteon approaches climate
hazardous air pollutants (HAPs). To help
change and emissions-reduction efforts in
improve air quality, our facilities comply
several ways, including:
with federal, state, provincial, city, county
• Working to meet international targets and district requirements.
for emissions reduction including
Third-party environmental professionals
reductions needed to keep global
review and audit our environmental
warming below 2C from pre-industrial
programs for compliance as necessary.
levels
These audits include a multifaceted
• Transparent climate change disclosure inspection of agency reporting, emissions
including annual reports to the Carbon records, and work practices
Disclosure Project
10 | Corporate Sustainability ReportEnvironment
Fully compliant with global environmental, safety and health standards
Visteon was in full compliance with all We educate and inspire manufacturing Improvements are measured by objectives and targets that include but
customer product-related environmental, employees by sharing green initiatives in
are not limited to:
health and safety requirements in 2020. all of our communication channels.
Our integrated environmental, health and • Creating a safe workplace for all
Efforts to improve energy use included • Improving the efficiency and
safety management system is consistent employees with zero tolerance for
using VSD air compressors and chillers conservation of energy and natural
with ISO 14001 and ISO 45001 unsafe acts or conditions
and installing renewable energy solar resources
international standards.
panel systems. We added automatic • Achieving excellence through • Ensuring fulfillment of environmental,
Designed to identify, evaluate and control controls with sensors and timers to systematic environmental, health health and safety compliance
significant environmental aspects and lighting systems, and LED light products and safety processes during obligations
safety risks, these standards are the are now used for illumination. product design, development
foundation for continuous improvement and manufacturing
“ Visteon
at Visteon facilities and its products and Energy teams meet monthly to share
metrics and best practices for energy
• Commitment to product chemical routinely engages
services. content transparency
efficiency improvements. Behavior in open dialogue with its
Visteon collects and reports 100% of conservation training is also conducted • Reducing, reusing and/or
recycling wastes and packaging
customers regarding chemical
its product chemical content to the annually.
International Material Data System materials and/or recycled content
”
(“IMDS”), a global data repository that To elevate our waste-improvement
efforts, we designed initiatives to reduce,
• Considering lifecycle strategies.
contains information on materials used by perspectives when making
the automotive industry. recycle and reuse materials. This includes
business decisions
reducing scrap, ensuring segregation
Since 2005 we have required full of waste and implementing waste • Reducing air emissions and
chemical disclosure from our suppliers awareness campaigns for employees. promoting pollution prevention
(allowing only minimum confidential
substances to protect trade secrets).
11 | Corporate Sustainability ReportEnvironmental Targets for 2025
Visteon set the following targets as part of our commitment to
environmental responsibility
Greenhouse Gases Energy Consumption Waste Reduction Water
Reduce scope 1 and 2 CO2 Reduce energy use 6% from Reduce solid waste 5% from Reduce water consumption by
emissions 25% from 2019 2019 baseline 2019 baseline 6% from 2019 baseline
baseline
Renewable energy to comprise Recycle more than 90% of all Minimize water used in
Increasing use of renewable 50% of total energy used at solid waste manufacturing processes
energy will be a significant global facilities
contributor to the reduction
of greenhouse gases for our
operations
12 | Corporate Sustainability ReportSustainability Programs
Visteon works with organizations to validate initiatives impacting
the environment
As automakers continue to become
greener, Visteon and key customers
participate with organizations that help
them document and share sustainability
practices to reduce carbon dioxide
emissions and waste, and more efficiently
use water and energy.
Ford Motor Co.’s NQC Climate Disclosure
PACE Program SupplierAssurance Project (CDP)
Partnership for a Cleaner To create transparency in key Visteon has been a member and
Environment (PACE) helps operations, Visteon participates active participant in CDP since
Visteon and other Ford suppliers with OEM customers in NQC 2011, a nonprofit organization that
minimize their environmental SupplierAssurance supply chain collects and publishes climate
impact by sharing details of its mapping to document the source and water use data.
best practices for water, energy of every material, process and
and carbon dioxide reduction. shipment involved in bringing
goods to market.
13 | Corporate Sustainability ReportEnvironmental Metrics: Energy
Incorporating renewable sources as part of our energy profile
Energy Usage Energy Usage/Revenue
(Trillion BTU) (BTU/Millions of US$)
(Thousands)
Solar panels, India
14 | Corporate Sustainability ReportEnvironmental Metrics: Emissions
Visteon complies with all local requirements to reduce CO2 emissions
and improve air quality
Emissions Emissions/Revenue
(Metric Tons CO2 Equivalent) (Metric Tons CO2 Equivalent/Millions of US$)
(Thousands)
15 | Corporate Sustainability ReportEnvironmental Metrics: Waste
Visteon manufacturing facilities eliminated 36 tons of waste annually by
replacing boxes with reusable plastic bins
Waste Waste/Revenue Hazard Waste
(Metric Tons) (Metric Tons/Millions of US$) (Metric Tons)
16 | Corporate Sustainability ReportEnvironmental Metrics: Water
Minimizing water used in manufacturing facilities
Water Water/Revenue
(Cubic Meters) (Cubic Meters/Millions of US$)
17 | Corporate Sustainability ReportEnvironmental Health & Safety Successes
Building a culture of safety, sustainability
Seven Years and 3,000 Days Better Waste Management
of Safety Multiple global facilities are reducing
More than two dozen Visteon facilities waste by:
have zero lost-time injuries, and two
• Eliminating 36 tons of waste annually
plants earned honors for achieving long-
by eliminating carton boxes for 18
term safety records.
part numbers and replacing them with
Employees in Reynosa, Mexico achieved reusable plastic bins
seven years without a lost-time injury, • Replacing polythene used during
thanks to a strong culture of safety that assembly with cloth bags to avoid
starts from the day an employee begins cover waste
the onboarding process. The plant works Reynosa, Mexico
• Eliminating carton box packing for
hard to maintain a preventive mindset
local supplier deliveries and now use
through regular safety training.
reusable plastic bins
Employees at Visteon Electronics Russia • Reusing plastic containers instead of
celebrated 3,000 days without a lost-time disposable pallets during end-item
case by reinforcing safety rules every packing of customer products
day.
• Replacing disposable employee head
caps with reusable caps
Visteon Electronics Russia
18 | Corporate Sustainability ReportEnvironmental Health & Safety Successes
Making a positive impact in our communities
Visteon Recognized for Celebrating World Tree Day in
Environmentally Conscious Palmela, Portugal
Behavior by Europe’s Largest Visteon’s employees in Palmela, Portugal
Nonprofit IT Company donated 65 trees to the municipal Parque
Vernâcio Ribeiro da Costa for World Tree
Visteon Electronics Germany GmbH Day on March 21. The donation was in
received a certificate from AfB gGmbH partnership with the Palmela City Council.
recognizing the facility’s environmentally
conscious practices and for making a The United Nations established the
positive social and ecological impact by observance in 2012 to celebrate and raise
working with the nonprofit organization to awareness of the importance of all types
refurbish its old electronic hardware. of forests. Organizations are encouraged Karlsruhe, Germany
to organize activities involving forests and
By handing over the used hardware to AfB, trees, such as tree-planting campaigns.
a certified waste management company,
Visteon’s IT team in Karlsruhe, Germany
maintains a transparent, secure and
ecologically responsible approach to its
information and communication technology.
In extending the product lifecycle, Visteon
helps conserve natural resources, reduce
emissions and create jobs for people with
disabilities at AfB.
Palmela, Portugal
19 | Corporate Sustainability ReportHealth & Safety
Our commitment to keeping employees safe
Visteon continues to champion aggressive Visteon management provides the board
safety goals and is targeting zero lost-time of directors with regular health and safety
injuries for all facilities. Our recordable reports, including updates on return-to-work
injury case rate was 0.01 per 100 health and safety protocols globally as a
employees, and more than two dozen result of COVID-19.
manufacturing and technical centers
had zero lost-time injuries in 2020. The
company tracks near-misses and all first
aid cases. We perform analytics on each
Covid Safety
incident and prioritize improvement actions. To keep employees safe and maintain
operations during the pandemic,
In addition to requiring protective equipment we implemented new health-related
and enforcing comprehensive safety measures, including:
policies and procedures, the company
encourages employees and leaders to look • Wearing company-provided face masks
continuously for ways to improve workplace at all times while on company property
safety. • Temperature-taking protocols
Visteon has implemented and maintains • Increased hygiene, cleaning and
a health and safety management system sanitizing procedures at all locations
that is certified to the OHSAS 18001 or ISO • Social-distancing
45001 standard. All manufacturing locations
under Visteon environmental, health, and • Restrictions on visitors to our facilities
safety multi-site certification meet this • Limiting in-person meetings and other
standard with auditing compliance by a gatherings
third party.
COVID relief fundraiser, Karlsruhe, Germany
20 | Corporate Sustainability ReportHealth & Safety Metrics Our goal is zero lost-time injuries As part of our commitment to safety, Visteon tracks lost-time cases and recordable injuries to help us make Lost-Time Case Rate Lost-Time Case Rate improvements that reduce accidents. (Global) (Regional) The metrics are based on the number of hours that 100 employees would work in a year, based on 40 hours per week and 50 weeks per year. Lost-time case rate: Number of work- related injuries and illnesses that result in time off work. Severity rate: Number of days an employee misses (lost days) due to a work-related injury or illness. Recordable injuries: Work-related injuries resulting in medical treatment greater than first aid which leads to restricted work or lost days of work. 21 | Corporate Sustainability Report
Health & Safety Metrics
Creating a safe working environment for everyone
Severity Rate Severity Rate
(Global) (Regional)
“ Visteon has zero
tolerance for unsafe
acts or conditions.”
22 | Corporate Sustainability ReportHealth & Safety Metrics
Creating a safe working environment for everyone
Recordable Rate Recordable Rate
(Global) (Regional)
“ Visteon was once again
best-in-class for safety
among automotive
and manufacturing
companies in 2020.”
One recordable case occurred in 2020, but it did not result in any lost days of work.
23 | Corporate Sustainability ReportSupply Chain
Visteon is committed to ensuring its We also source components from multiple
suppliers are aligned with the company’s geographical locations to help ensure
sustainability principles. materials and components are available
during a possible regional or global crisis.
Our Supplier Code of Conduct requires Our purchased commodity strategies call
compliance with all applicable laws and for dual validation of interchangeable
regulations, including those relating to parts when possible, further protecting
environmental matters, wages, working the supply chain during any potential
hours, conditions of employment, supplier disruption.
discrimination and health and safety.
The Supplier Code of Conduct also Visteon’s advanced inventory modeling
requires companies to attest that process considers multiple supply chain
anything purchased by Visteon will not be risk factors and ensures that adequate
produced by child or forced labor either safety stock of material is in place
by the supplier or its suppliers. through the supply chain.
All suppliers are expected to decrease Learn More About Visteon’s Supplier
their greenhouse gas emissions, reduce
waste while preserving natural resources “ By incorporating sustainability
requirements into our
Policies Here:
• Supplier Code of Conduct
and conduct responsible sourcing of their
materials. procurement process and • Quality Policy
We confirm that suppliers employ sound
setting expectations for our • Code of Basic Human Rights and
governance practices and are reducing suppliers, sustainability is Working Conditions
their impact on the environment through • Ethics and Integrity Policy
a combination of certifications, site
cascaded through the entire
evaluations and meetings as well as third
party assessments.
supply chain.
” • Global Environmental Health and
Safety Policy
24 | Corporate Sustainability ReportVisteon’s Supplier Code of Conduct
Aligning suppliers with our sustainability principles
Visteon is committed to ensuring its The terms and conditions also require Through a combination of third-party Conflict Minerals
suppliers are aligned with the company’s that suppliers attest that any supplies assessments, on-site evaluations
sustainability principles. purchased by Visteon will not be and meetings, we confirm that our Visteon takes steps to ensure the
produced with forced labor either by the global suppliers are employing sound components and materials in our
Visteon issues terms and conditions to all supplier or its suppliers. governance practices and reducing their products – regardless of where they
of our suppliers that include compliance impact on the environment. are assembled or sold – do not
with all applicable laws and regulations, We encourage our suppliers to utilize contain conflict minerals that have
including those relating to environmental environmental management systems Visteon suppliers can access our Supplier contributed to the armed conflict in
matters, wages, working hours, within their facilities that conform to Portal and other resources by following the Democratic Republic of Congo
conditions of employment, discrimination, the requirements of ISO 14001 or an the instructions on our Website. (DRC) and surrounding countries.
and health and safety. applicable norm for their specific industry. We have imposed standard reporting
requirements on our supply chain
regardless of where the components
and materials are purchased.
We work closely with the Automotive
Industry Action Group (AIAG) and with
A commitment to ethics Human rights and working Environment and our customers and other Tier 1 suppliers
and integrity conditions sustainability to ensure continued consistency in the
tools used to establish this process.
Fair, honest and responsible Treating employees and Proactively protecting the Requirements are cascaded annually to
behavior related to financial suppliers with integrity and environment, conserving natural our supply chain.
reporting, material sourcing, respect, providing a safe work resources, and reducing the
intellectual property and conflicts environment and adhering to all overall environmental impact of For more information, see the Visteon
of interest including compliance applicable laws. operations. Conflict Minerals Report.
with all applicable laws.
25 | Corporate Sustainability ReportStrategic Supplier Awards
Honoring those who exceed expectations
Every year, hundreds of companies Companies received awards for Best
uphold our supplier standards as they Customer Focus, Best Delivery, Best
deliver goods and services that help Engineering and Innovation, Best Quality
us grow our leadership position in
automotive cockpit solutions.
Supplier and Best Indirect Supplier. The
company embodying all of the criteria of “ From supporting our core
business activities with
the other awards presented was named
In December 2020, we recognized Supplier of the Year. OEMs to joint work on a
companies for partnering with us to help
deliver new technologies to an evolving Visteon cited many of the honorees for project that helped the
auto industry during a year challenged by responsive customer service and critical communities where we
the COVID-19 pandemic. support during product launches for our
OEM customers.
live and work, each of the
Several of the 2020 Virtual Strategic suppliers we honored stood
Supplier Award recipients are helping
us change the automotive industry by us during the challenges
with innovation and revolutionary of 2020 – and exceeded
”
technologies. Our work with these
suppliers offers OEMs and end-users a
expectations for excellence.
customizable and new age automotive
experience. Sachin Lawande
President and CEO
Highly skilled and dedicated teams 2020 Virtual Strategic Supplier
worked to innovate, create and meet Awards
goals that made an impact in an industry
facing multiple challenges during the
pandemic.
26 | Corporate Sustainability ReportProducts
Visteon products drive major industry trends
Visteon is evolving our portfolio of
products to address three main trends in
automotive electronics:
Dig
• Growing demand for digital cockpits
• Electrification of the powertrain
• More automated driving through
it on
a
ita
advanced driver-assistance systems
fic
liza
Electri
Our products are powertrain-agnostic and
can seamlessly work for electric vehicles
tion
as well as traditional vehicles.
Ad y
van e t
ced S af
27 | Corporate Sustainability ReportProducts
Electrification electronics: Wireless battery management system critical
to EV state of health and charge
As market share for electric vehicles
continues to grow, Visteon has introduced
the industry’s first production-intent,
and operation, helping automakers
enhance vehicle and passenger
safety and improve overall quality and
“ Visteon’s wireless BMS
technology replaces the
wireless battery management system reliability. Its versatile modular design is wired connections with a
(BMS). customizable and scalable for any EV
platform and reduces vehicle cost, weight highly secure and reliable
Electric vehicles need enormous amount and space. wireless communication
of power to operate, and batteries for
EVs are made from hundreds or even
thousands of battery cells to deliver
We are working with GM to introduce
this solution on all planned EV models
technology.
”
the required power. Traditional battery powered by their Ultium batteries. The
management systems use wired wireless BMS system will help ensure the
connections between the electronic scalability of Ultium batteries across GM’s
components, adding cost, weight and future lineup, covering all brands and
space as well as additional work to vehicle segments, from heavy-duty trucks
manufacture the battery pack. The to performance vehicles.
connectors and wires of the harness are
prone to mechanical failures that are Our GM wireless BMS business win was
expensive to fix. quickly followed by a second award from
a separate global OEM and will launch
Visteon’s wireless BMS technology initially in 2023. Similar to our first win
replaces the wired connections with with GM, there will be additional follow-on
a highly secure and reliable wireless launches as the automaker adds more
communication technology that eliminates vehicle models to their electric platform.
these limitations. This wireless solution We look forward to presenting this
keeps a constant eye on battery health solution to other interested OEMs.
28 | Corporate Sustainability ReportProducts MicroZone™ delivers richer display and is an effective alternative to OLED solutions for lower power consumption Visteon’s new microZone™ is the microZone can meet these performance industry’s first display technology offering targets at a power consumption on par automakers premium optical performance with traditional LCD technology due to and an effective alternative to OLED key enabling innovations developed in- solutions at a competitive price without house at Visteon. sacrificing reliability or lifespan. Visteon created microZone to match consumer-grade display quality and survive the rigors of the automotive environment. microZone surpasses traditional display technologies across several critical categories, including the delivery of optical performance comparable with mobile devices that consumers have come to expect, as well as color gamut, contrast and brightness levels. This is especially important as vehicle manufacturers look for new ways to reduce power consumption in the cockpit without compromising color contrast, quality and brightness. 29 | Corporate Sustainability Report
Products
SmartCore™ cockpit domain controller simplifies driver interaction
Our industry-first SmartCore™ domain development with other OEMs based on
controller technology continues to build this technology.
momentum in the industry because of its
ability to combine the functions of multiple We are incorporating the 3rd Generation
ECUs into a single box. It can control Snapdragon™ Automotive Cockpit
clusters, infotainment, telematics, surround- Platforms into the next-generation
view cameras, driver monitoring and rear- SmartCore platform, which creates
seat entertainment — all from a single box. an infotainment ecosystem that safely
delivers integrity-level information to
Integrating control of these functions on drivers and advanced driver assistance
a single ECU reduces signal latency, systems (ADAS). SmartCore Gen 3
eliminates excessive wiring and saves integrates a multi-display environment to
considerable weight. The hardware can support instrument clusters, infotainment,
be used more efficiently, eliminating the rear seat entertainment, connectivity
need to duplicate interfaces for memory, security and telematics.
display and video in separate ECU boxes.
Visteon and ECARX are using
Making its debut in Daimler’s Mercedes- Qualcomm® Snapdragon™ Automotive
Benz A-Class in 2018, SmartCore has Cockpit Platforms to develop intelligent
become the industry-leading cockpit technologies and share research to
domain controller across light-duty commercialize an integrated cockpit
vehicles as well as the commercial and project for a variety of vehicle platforms
two-wheeler market segments. Visteon starting in 2021. The three companies
launched the first SmartCore system for are working to deliver the technology
an electric vehicle with a manufacturer in and creativity for a high-quality cockpit
China and has multiple programs under experience across multiple segments.
30 | Corporate Sustainability ReportVisteon Quality
Committed to over-delivering on customer
expectations
More than ever, customers want to reliable processes and a quality
work with companies committed to management system to reduce, if not
delivering the highest level of quality. A eliminate, warranty issues and scrap.
culture of total quality in everything we
do creates lasting relationships built by The company uses a product
demonstrating integrity, trust, commitment development process called Vistway
and dependability. to identify continuous improvement
opportunities and take a structured
Visteon is committed to meeting approach to problem solving. All
all customer and industry quality operations and employees follow
requirements and has secured IATF Visteon’s quality management system
16949 and/or ISO 9001 quality and product safety processes.
certifications as appropriate to each
facility.
Our teams have strong functional
expertise and operate under a global
quality policy designed to drive early risk
identification and mitigation, implement
best practices and ensure continuous
improvement.
We focus on ensuring the necessary
safety measures are taken in connection
with the design, manufacture and
distribution of our products. We use
31 | Corporate Sustainability ReportVisteon Quality Awards
Recognizing some of our best solutions
Quality Statement To acknowledge the range and
creativity of the prevention initiatives
This statement outlines the quality policy and problem-solving solutions
of Visteon Corporation. implemented by our global teams,
Visteon’s Quality Award program
It applies to all facilities and individual
recognizes individual and team
representatives of Visteon and its
contributions in three categories:
affiliates.
• Continuous improvement
• We will partner with our customers to
design and build the best vehicles in • Prevention of recurrence
the world, by combining our automotive • Six Sigma initiatives
intellect with operational excellence in
safety, quality, efficiency and speed. Quality Award submissions can be
• We will empower our employees to made by teams of up to 10 individuals
provide solutions for our customers, from multiple global locations. Teams
and build a network of sustainable, can consist of Visteon employees,
mutually beneficial business contractors, suppliers, purchased
relationships. services personnel and interns.
Regional coaching is also available to
• Our commitment to continuous
offer guidance and feedback through
improvement will be demonstrated in our
the process.
actions and in the effectiveness of our
operating systems and processes. “We are committed to delivering high-
quality solutions that exceed expectations
to minimize performance issues.”
32 | Corporate Sustainability ReportGovernance
Ethics and Integrity Policy: Committed to the
highest standards
Visteon is committed to maintaining the confidentially report any concerns or
highest standards of ethics and integrity. failures in compliance.
Our ethics and compliance program is Visteon has a specific policy for handling
based on the Visteon Ethics and Integrity internal investigations of possible
Policy, which has been translated into business conduct and ethics violations
11 languages describing the company’s and other matters involving fraud, theft,
expectations regarding standards of ethics or financial reporting concerns.
behavior and conduct for all directors, The board of directors’ audit committee
employees and contractors. receives periodic reports from the general
counsel regarding the company’s ethics
The policy underscores our dedication and compliance program including any
at all levels of the organization to reported incidents.
the behaviors underlying our ethical Visteon Prohibits Political
standards. Employees receive mandatory Contributions
training upon joining the company as well
as periodic refresher courses to educate Visteon does not make political
them on key compliance issues and risk contributions nor does the company
areas. have a political action committee.
Although employees may make
In 2020, all new employees and 93% personal contributions on their own
of the company’s salaried employees time and with their own resources,
completed training. the reimbursement of such political
contributions by the company is not
The company also maintains an ethics
permitted.
hotline and encourages employees to
33 | Corporate Sustainability ReportHuman Rights and Working Conditions
Treating employees with respect and valuing differences
Visteon is committed to creating and Visteon also requires that companies Our commitment includes:
maintaining an environment where all throughout our supply chain adopt and
employees are treated with integrity enforce similar workplace codes of • Actions to combat modern slavery
and respect, and differences are highly conduct. We will seek to identify and and use of conflict minerals
valued. utilize organizations that aspire in the • Doing business in an ethical
conduct of their business to standards manner and with respect for our
By creating a corporate culture that does that are consistent with our code of people and the communities in
not tolerate harassment or discriminatory conduct. which they live
treatment of any form, we can give every
• Respect for human rights issues
employee the opportunity to contribute We respect international conventions
and taking those issues seriously,
fully to Visteon’s business success. aimed at promoting and protecting
whether through human trafficking,
human rights, including the Universal
The company has adopted a Code modern slavery, child labor or
Declaration of Human Rights. This Code
of Basic Human Rights and Working otherwise.
of Basic Human Rights and Working
Conditions as an extension of our Ethics Conditions supports our commitment to
and Compliance Program. We offer diversity, equality, and the recognition and
training and make the code of conduct protection of fundamental human rights in
available to all employees. The board the workplace.
of directors has oversight and receives
periodic reports from the general counsel
regarding compliance with this code of
conduct.
34 | Corporate Sustainability ReportBoard of Directors
Committed to social responsibility
The board of directors believes a Environmental: Performance reporting,
commitment to positive environmental, long-term goals and commitments,
social and governance-related business corporate citizenship
practices strengthens Visteon, increases
connections with shareholders and helps Social: Company culture, ethics and
the company better serve OEMs and compliance, health and safety
communities where we operate.
Governance: Selection and evaluation
Visteon’s commitment to social of directors, executive remuneration,
responsibility extends to the environment, enterprise risk management
anti-corruption and trade compliance; Francis Scricco James Barrese Nomi Bergman Jeffrey Jones
responsible sourcing; human rights; The board has established five standing (Chairman)
labor practices; and employee health committees:
and safety. The board and management
• Audit
are developing a multi-year roadmap
to enhance our environmental, social • Corporate Sustainability and
and governance-related programs and Governance
disclosures, including assessment of the • Finance and Corporate Strategy
potential risks associated with climate
• Organization and Compensation
change.
• Technology
Management provides regular reports
and presentations to the board which The principal functions, composition and
include the following topics: charters of each committee can be found
at www.visteon.com. Sachin Lawande Joanne Maguire Robert Manzo David Treadwell
35 | Corporate Sustainability ReportCybersecurity
Safeguarding Visteon’s business
Visteon has established a global partners, and conduct assessments, Visteon’s Frontline Defense
enterprise security program to help audits and penetration tests
Against Cyberattacks
safeguard the integrity and security of
our products as well as the confidential Visteon’s IT security team is Because people are our frontline
information we maintain related to our geographically dispersed and supported defense, we teach employees how to
employees and customers. Studies by managed security service providers to spot potential cyberattacks and report
show most successful cyberattacks offer incident response and technology suspicions.
stem from human deception. Criminals support. The team has obtained industry-
seek to steal login credentials, internal leading security certifications, managed Interactive lessons and educational
data, trade secrets and personal large global incident response activities videos address specific cybersecurity
information. Ransomware attacks can and is trained constantly on new tools, issues, equipping employees with the
damage systems and halt operations, techniques and procedures. knowledge necessary to maintain top-
causing costly and impactful damage to of-mind security awareness.
“ Security
production and reputation.
awareness, along Topics include:
Visteon employs leading technology with robust enterprise security • The Internet of Things
to isolate cybersecurity threats before
they become entrenched and cause technology, is business- • Social engineering
widespread damage. Security awareness,
along with robust enterprise security
technology, is business-critical. Our
critical.
” • Email security
• Working remotely
Through the end of second quarter
enterprise security strategy focuses on 2021, Visteon has not experienced • Privacy
fortifying our people, processes and a cybersecurity-related incident that • Social networking
technology. We align our processes with has resulted in material loss of data or
ISO 27001 global security standards, financial loss.
collaborate with internal and external
36 | Corporate Sustainability ReportDiversity, Equity and Inclusion An opportunity to make an impact Diversity equity and inclusion (DEI) is an important strategic initiative because it is the right thing to do – and it makes good business sense. Visteon believes fresh perspectives and new ways of thinking will help us build a stronger company. We use the power of employees’ varied backgrounds, cultures and experiences around the world to advance our competitive edge. Putting DEI into Action DEI defines our company’s actions by: • Embracing differences in our workforce • Offering equal opportunities for all Diversity Equity Inclusion of our employees to learn, grow and advance their careers The presence of differences in Equal opportunities for all Creating an environment where • Helping the communities in which we our workplace employees to learn, grow and everyone feels they belong operate to grow along with us advance their careers • Ensuring everyone has a sense of belonging 37 | Corporate Sustainability Report
The Employee Journey
DEI leads to better talent and business results
Diversity, equity and inclusion (DEI) is a Visteon respects employee
key component of the Visteon employee
experience. Our employee journey
contributions, and:
• Trains managers to drive employee
Hiring &
Selection + Onboarding
+ Growth &
Development + Rewards &
Recognition
reflects the diversity of the company’s
workforce. success and continuous improvement
by giving in-the-moment feedback Insist on Create
Provide equal Respect
diverse talent connections
From the start, Visteon: • Values employee contributions at all opportunity employee
pools when for new hires
levels and recognizes and celebrates to learn, grow contributions
• Recruits from diverse pools of talent recruiting
their achievements Frequent and advance at all levels
• Conducts candidate interviews by Ensure check-ins
diverse teams In the moment Recognize
The benefits of a diverse and diversity in to ensure
performance and celebrate
• Makes it clear that all employees have inclusive environment create: interview a sense of
feedback achievement
equal opportunity to learn, grow and teams belonging
• Stronger working relationships
advance their careers
with customers, suppliers and our
communities
For new hires, we:
• Better ideas, thoughtful dialogue and,
• Create the right connections and
ultimately, greater innovation
schedule frequent check-ins
• Talent retention and higher productivity
• Ensure they have a sense of belonging
and inclusion Incorporating DEI into all aspects of
• Make sure they understand what is the employee journey results in better
expected of them business and talent outcomes. Better business and talent outcomes
38 | Corporate Sustainability ReportManaging COVID
Visteon is stronger now than before the pandemic
There is no simple way to sum up 2020: Local health authorities recognized customer portfolio. In addition to significant Finally, the cost-control measures, coupled
The COVID-19 pandemic disrupted lives our manufacturing plant in Chihuahua, new business wins in digital clusters, with new business wins and product
and livelihood around the world. The Mexico for its exemplary measures. infotainment and displays, we successfully launches, have helped the company
damage caused by the pandemic resulted And, in the early days of the pandemic expanded our business in the emerging maintain strong financial liquidity, improve
in the contraction of virtually all major when personal protective equipment electric vehicle segment with a wireless profit margin and position us for strong
economies, and the global economy will was in short supply, the Visteon team battery management solution that has growth in the years ahead. In many ways,
take a few years to fully recover. manufactured and donated tens of great potential for growth. the company is stronger now than it was
thousands of face shields to medical prior to the pandemic.
The impact was particularly significant professionals throughout the world.
on the global automotive industry, with
overall industry production volumes
decreasing 16% in 2020 over 2019.
The speed and the magnitude of the “ Despite COVID-19 restrictions,
we did not let the pandemic
drop forced the industry to take difficult
decisions to survive the downturn, and affect our commitment to
”
Visteon was no exception. The company customers.
put in place cost-control measures to
ensure our financial viability.
Visteon launched a record number of new
Despite the uniquely challenging products with global OEMs – a remarkable
environment, we developed a robust achievement even in a normal year. When
set of operating procedures to protect the industry started to return to levels that
the health and safety of our employees are more normal in the second and third
from the virus and set out to assist first- quarters of 2020, we won new business
responders. at almost pre-COVID-19 levels while
simultaneously expanding our product and
Manaus, Brazil
39 | Corporate Sustainability ReportManaging COVID
Supporting communities during challenging times
Sharing Our Safe Plant Restart Coronavirus Task Force Safeguards Visteon Europe Teams Fight Against
Protocols Business and Employees COVID-19
We shared our safe return to-work The pandemic created unprecedented In 2020, our teams across Europe
protocols – aligned with World Health challenges for our industry and company. stepped up against COVID-19 and
Organization recommendations and Our global Coronavirus Task Force has helped to improve the overall situation by
country-specific regulations – throughout monitored the pandemic since the outset, producing and donating protective face
the automotive industry. sharing best practices, adjusting policies shields to nurses and doctors in local
and procedures to safeguard employees hospitals; grocery shopping for elderly
Protocols at Visteon’s Chihuahua, Mexico and ensure business continuity. people; raising funds for charity and
plant have been praised as a role model donating personal computers to students
within the industry. Employees in Germany Help Out for access to online education during the
During Pandemic lockdown. Palmela, Portugal
70,000 Face Shields for Global
Medical Staffs Visteon’s technology center in
Karlsruhe, Germany supported young
Our global workforce designed, and vulnerable members of the local
manufactured and delivered nearly community affected by the COVID-19
70,000 face shields to protect medical pandemic.
staff at hospitals.
With so many charitable events being
We continue to support vulnerable postponed or canceled, employees took
people, communities and institutions with part in virtual runs and bike rides – an
donations, food and other provisions. exciting activity that promoted fun, a
healthy lifestyle and team spirit, all while
helping to raise money for charity.
Michigan, USA Palmela, Portugal
40 | Corporate Sustainability ReportEmployee Engagement
Learning, growing and making an impact
The world’s best automotive electronics Recognizing and rewarding impactful
and software talent is driving the future of achievements is an important part of
the industry from Visteon facilities in 18 our company because it helps build a
countries. Our employees learn, grow and global business that is innovative, agile,
advance their careers while also making customer-focused, and entrepreneurial.
an impact on the global automotive
industry. Our culture is inclusive, supportive and
values employee well-being.
By working on multiple projects with the
world’s leading vehicle manufacturers This approach has helped position
and across a variety of functions, our Visteon for growth. Multiple business
talent is a significant driver of research wins, successful product launches for a
and development investment and a key growing base of top-tier OEM customers
contributor to the global economy. Their and first-to-market technologies support
innovation and talent fuel Visteon’s ability the growth of important trends such as
to create a more enjoyable, connected electric vehicle technology.
and safe driving experience.
Through their work, our employees gain
valuable experience in leading-edge
automotive electronics and software
technology solutions that are driving the
digital, electric and autonomous evolution
among our global automotive customers.
41 | Corporate Sustainability ReportLeadership Programs
Momentum: Elevating women in leadership
Nearly two dozen women are taking part Eight interactive workshops help
in a yearlong professional development participants examine their mindsets
program designed to help Visteon and beliefs, elevate their strategic
cultivate a strong pipeline of engaged communication and sharpen their
female leaders. influential networking skills.
Momentum: The modules were developed through
extensive research on the best ways to
• Elevating Women in Leadership develop women for leadership roles and
includes interactive workshops, include perspectives from around the
personal skills assessments, individual world.
leadership coaching, mentors to guide
participants and a final capstone
project based on their learnings that is
presented to the senior leadership.
Participants were nominated by their
managers and represent multiple regions,
business functions and roles.
They begin the program by completing
an online self-assessment that evaluates
their strengths based on eight leadership
dimensions and offers development
suggestions.
Virtual kickoff of year-long Momentum leadership program for women
42 | Corporate Sustainability ReportYou can also read
