ResponsibleSteel: A key pillar of Maxion Wheels’ Responsible Sourcing Policy

At Maxion Wheels, our commitment to sustainability is deeply embedded in our business strategy. As a leading global manufacturer of both aluminum and steel wheels, we understand the critical role we play in the automotive industry and the broader societal impact of our operations. Our annual steel requirement amounts to 800,000 tons, covering our operations across North and South America, Europe, Africa, and Asia.

Scope 3 emissions from the steel we purchase make up the largest share of our total emissions at 56%. Reducing these upstream emissions is strategically important to Maxion Wheels’ goal of becoming a net-zero operation by 2040. To this end, we have entered into future partnership agreements with selected steel manufacturers that offer a green vision and a solid decarbonisation strategy. We actively encourage our steel suppliers to offer more sustainable options, enabling Maxion Wheels to develop solutions that fulfil our customers’ expectations.

Strong industry standards and frameworks help unify the supply chain around shared sustainability values. They also make supply chain sustainability governance more efficient and less resource-intensive. The ResponsibleSteel International Production Standard provides a benchmark on sustainable best business practices for the steel industry, and ResponsibleSteel’s Principles align with our own values as well as the expectations we have of our supplier network.

Our responsible sourcing policy reflects this commitment by awarding credit points to steel suppliers in their annual performance rating, if they are members of ResponsibleSteel. We collaborate with steel manufacturers who are committed to reducing their emissions and implementing closed-loop systems. These manufacturers are not only dedicated to minimising their environmental footprint but also to enhancing the overall sustainability of their operations. By targeting these forward-thinking steel producers, we ensure that our supply chain supports our sustainability goals.

Our ResponsibleSteel membership is a testament to our commitment to sustainability and responsible sourcing. With our holistic supply chain risk management, we continuously monitor and evaluate our suppliers, recognising and rewarding those who excel in responsible practices.

At Maxion Wheels, we are proud to be at the forefront of this important movement, leading the way towards a sustainable, net-zero future as a proud member of ResponsibleSteel.