Valeo SA — Ethics Grade B-

Valeo SA receives an overall ethics grade of B- (62/100) on CancelCo's corporate accountability database. Sector: Automotive. Market cap: Mid Cap.

Category scores

• labor: 60
• privacy: 80
• consumer: 65
• environment: 75
• humanRights: 70

Documented incidents (3)

• Lighting Systems Cartel (medium, 2017) — The European Commission fined Valeo and other suppliers for participating in a price-fixing cartel for automotive lighting systems. Valeo received a reduced fine for cooperating with the investigation.
• Alternator Price Fixing (medium, 2020) — South Korean regulators fined Valeo for colluding with competitors to fix the prices of alternators and starters sold to local automakers over a 10-year period.
• Worker Safety Protests (low, 2021) — Labor unions in several regions raised concerns regarding safety protocols and forced overtime at Valeo production facilities during global supply chain shortages.

Documented good deeds

• Carbon Neutrality Commitment — Valeo successfully reduced its total CO2 emissions by 25% across Scope 1 and 2 compared to its 2019 baseline.

Ethical alternatives

• Aptiv PLC — Stronger focus on software-driven safety and lower historical antitrust issues.