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TMG Automotive has released its 2024 Sustainability Report, highlighting significant progress across environmental, social and economic areas. The report underscores the company’s reduction in fossil fuel and solvent consumption, alongside strengthened sustainable financing initiatives.
Economically, TMG Automotive consolidated its turnover at €134 million, reflecting the strength and resilience of its business. For the second consecutive year, the company ranked among the top 10 Portuguese organizations with the highest number of patents, reaching 97, and invested €6.2 million in innovation.
On the environmental front, natural gas consumption decreased by 10% due to improvements in the gaseous effluent treatment system. Self-generated electricity accounted for 10.8% of total consumption—more than double compared to 2023—while 65% of electricity used came from renewable sources.
Solvent consumption was reduced by 11% compared to the 2021 baseline, and sales of products with more than 25% renewable carbon reached 4.5% of total sales, exceeding the target set for the year. The company also carried out 260 life cycle assessments, reinforcing the development of more sustainable products.
Greenhouse gas emissions (Scope 1 and 2) were cut by 8% versus 2021, while the share of non-hazardous waste sent to landfill dropped from 31% in 2023 to 17% in 2024.
On the social side, the report highlights increased female representation, particularly in production, with women now accounting for 24% of the workforce. Staff turnover decreased year-on-year, and 15 employees received Long Service Awards, including four with over 40 years at the company—demonstrating TMG Automotive’s commitment to its people. Within its supply chain, 23% of suppliers are ISO 45001 certified, reflecting a strong focus on safety and social responsibility.
TMG Automotive’s sustainability performance was also recognized externally, with a score of 81/100 from Ecovadis and recognition as an ESG Reporting Pioneer by SIBS.
Looking ahead, the company has set ambitious targets, including: 42% reduction in Scope 1 and 2 emissions by 2030 and 25% reduction in Scope 3 emissions; 15% of sales with more than 25% renewable carbon; validation of two new product recycling solutions; 50% reduction in solvent use by 2027; 20% reduction in natural gas consumption; 100% renewable electricity usage; 20% reduction in overall energy consumption within the same timeframe