A NOTE FROM OUR CEO
“NEVER HAS APTIV'S MISSION OF ENABLING A SAFER, GREENER AND MORE CONNECTED WORLD HAD MORE MEANING FOR OUR SOCIETY THAN IT DOES TODAY.
The pandemic has led to a re-evaluation of how we as a global community view safety. We have a glimpse of what a greener world could be, as staying home has meant fewer cars on the road and planes in the sky. And we are reminded of just how connected the world is as we all work together toward an end to the pandemic, the recovery of our economies and the promotion of rights to justice and inclusion. Safety has always been vital for Aptiv, not just in the products we build but also in our factories and offices. At the start of the crisis, we immediately implemented preventative measures to protect our people, including halting all travel throughout the company and restricting non-essential visitors from entering our facilities in early February. Working closely with government, union representatives, medical experts and employee health and safety experts, we developed our Safe Operations Protocols, detailing the measures we saw as critical to safely ramping up our operations across our global facilities to minimize risks to employees.
These actions build on our already strong record for employee safety. In 2019 we achieved a lost workday case rate of 0.033, one of the lowest in the industry, while averaging 5.9 hours of safety training per employee, greatly exceeding our target of 3.5 hours. We also strive to reduce our impact on the environment as we develop technologies that enable a greener world. Across the board, we have exceeded the environmental goals we publicly set for ourselves seven years ago – reducing CO2 emissions by 41%, cutting water consumption by 38% and eliminating 32% of waste. We know we can always do better, so this year we are renewing our commitments with the significant goals for 2025 set forth in this report.
Our products extend these values to the public. The democratization of technologies such as active safety, electrification and advanced vehicle architectures has the potential to save lives, reduce carbon emissions and save the industry billions in development costs and expensive vehicle repairs. As the only provider of both the brain and nervous system of the vehicle, Aptiv is positioned to deliver integrated solutions to these challenges in ways our competitors cannot. To continue to innovate, we recognize that Aptiv will need diverse skills, talent and expertise, in addition to diversity in race, culture, gender, ethnicity and age. We are committed to creating a more diverse and inclusive culture in 2020. The market shares our values, as our customers see Aptiv as their partner of choice. From 2015 to 2019, our cumulative bookings reached $6 billion for high voltage and $14.3 billion for active safety, contributing to our consistent growth above market of 7% during that time period, and that contribution is expected to continue for the foreseeable future.
Most importantly, we achieved this success as we built our business on a cultural foundation of always doing the right thing, the right way. Aptiv has been recognized by Ethisphere Magazine as one of the World’s Most Ethical Companies for the eighth year in a row. We believe that our long-term success as a business and ability to create value for all our stakeholders are strongly linked to the positive impact we have on our people, our portfolio and our planet. This year, the pandemic, as well as the protests against prejudice and violence, have shown everyone what really matters.
While the challenges ahead are undeniable, we are well positioned to lead our industry in the next phase of its evolution as we reaffirm our commitment to making the world safer, greener and more connected.
Aptiv innovates at the intersection of disruptive trends in the mobility industry. As a global technology leader, our growing portfolio of solutions makes vehicles safer, greener and more connected, enabling the future of mobility and a more sustainable world.
2019 business bookings
2019 Earnings per share2
2019 Investment in engineering
Scientists and engineers
Major technical centers
1. At constant foreign exchange and commodity rates. 2. Adjusted for restructuring and other special items.
ADVANCED SAFETY &
Encompasses our deep expertise in centralized computing platforms, advanced safety systems and automated driving, while acknowledging the growth in areas that enrich the in-vehicle experience.
SIGNAL & POWER
Leverages our heritage as a global architecture provider and systems integrator to deliver the high-speed data and high-power electrical systems required for feature-rich, highly-automated vehicles.
People join Aptiv to help bring safe, green and connected mobility solutions to life. The health and safety of our people will always be among our highest priorities. Their success is our success, so we provide many opportunities for them to grow as employees and as people. Diverse as the world we serve, we work in an inclusive culture of innovation and execution that creates value for all of our stakeholders.
Working to world-class quality standards in everything we do. We design and manufacture safe, green and connected products that transform mobility for a safe and sustainable future.
Aptiv is taking on some of society’s most difficult challenges with innovations that dramatically reduce or eliminate emissions and keep people safe in their vehicles. We are aggressive in our environmental targets because the world needs it, and we know the people of Aptiv can deliver it.
Our approach to corporate governance is guided by the same principles that drive everything we do: always do the right thing, the right way.
To ensure our products and solutions are of the highest quality; are designed, developed and manufactured responsibly; and transform society — making it safer, greener and more connected.
"At Aptiv, we value everyone's perspective and foster a strong culture of respect and inclusive collaboration. Tapping into our employees’ diverse backgrounds and experiences ensures we make better decisions and supports stronger operating
performance. In addition to being united across the world in pursuit of our mission to deliver safer, greener and more connected technologies, in the wake of the global pandemic we are also united in our priority to keep employees safe
and preserve their wellbeing. ."
"I can point to many, many vehicles on the road that
have Aptiv sensors and Aptiv technology on them.
And as an engineer at Aptiv, it really is special that we
are part of a technology, part of a company, and part
of an industry that is saving lives every day."
"Our Board embodies our commitment to acting with integrity in everything we do. We always strive to do the right thing, the right way, and that is clearly the expectation and standard the Board has established."