Autoliv Inc. is a Swedish company that operates in the auto safety equipment sector. The company was founded in 1953 and has since become a global leader in the production of automotive safety systems. Autoliv's products include airbags, seat belts, steering wheels, and other safety-related components. The company has a strong focus on innovation and sustainability, and is committed to reducing its carbon footprint through decarbonisation and the use of renewable energy.

Decarbonisation is a key focus for Autoliv, as the company recognizes the urgent need to reduce greenhouse gas emissions and combat climate change. Autoliv has set ambitious targets to reduce its carbon footprint, including a goal to achieve carbon neutrality by 2040. To achieve this goal, the company is implementing a range of measures to reduce its energy consumption and emissions, including improving the energy efficiency of its facilities, investing in renewable energy, and reducing the carbon intensity of its supply chain.

One of the ways Autoliv is working towards decarbonisation is through the use of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for renewable energy over a set period of time. By entering into PPAs, Autoliv is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector.

Autoliv has signed several corporate PPAs in recent years, including agreements to purchase wind power from a wind farm in Texas and solar power from a facility in Spain. These agreements have helped Autoliv to significantly increase its use of renewable energy, reducing its carbon footprint and contributing to the decarbonisation of the energy sector.

In addition to its use of PPAs, Autoliv is also investing in corporate energy initiatives to improve the energy efficiency of its facilities and reduce its overall energy consumption. The company has implemented a range of measures to reduce energy use, including the installation of energy-efficient lighting and HVAC systems, the use of renewable energy sources such as solar panels, and the implementation of energy management systems to monitor and optimize energy use.

Autoliv's commitment to sustainability extends beyond its own operations, as the company is also working to reduce the carbon intensity of its supply chain. Autoliv has set a target to reduce the carbon footprint of its supply chain by 25% by 2030, and is working with its suppliers to achieve this goal. The company is encouraging its suppliers to adopt more sustainable practices, such as using renewable energy and reducing waste, and is providing support and guidance to help them make the transition to a more sustainable business model.

Overall, Autoliv is a leader in the auto safety equipment sector, with a strong focus on innovation and sustainability. The company's commitment to decarbonisation and the use of renewable energy is commendable, and its use of corporate PPAs and other energy initiatives is helping to drive the transition to a more sustainable energy system. As the world continues to grapple with the urgent challenge of climate change, Autoliv's leadership in this area is more important than ever, and serves as a model for other companies to follow.