Message From the Chairman and CEO

I am pleased to share with you Dana’s 2021 Sustainability and Social Responsibility Report.

When I think of corporate responsibility, two well-known quotes ring true.

One: “What you do makes a difference, and you have to decide what kind of difference you want to make.”

And two: “How wonderful it is that nobody need wait a single moment before starting to improve the world.”

At Dana, on both fronts, there is a strong bias toward action. We recognize that climate change is one of the most significant challenges of our time and believe that mainstream electric vehicles will help to transform the automotive industry and decarbonize the planet.

Leading by Example

Our guiding vision toward a zero-emissions future is at the heart of everything we do, and why we focus on our electrification pursuits. It shaped our ambitious enterprise strategy to capitalize on our first-mover advantage in electrification.

We continue to strategically invest to secure unparalleled technical competence in designing, engineering, and manufacturing the components of a complete e-Propulsion system in-house.

When we talk of electric motors, these are the heart of the system. The power electronics are the nerve center. The software and controls are the brains of the system. And the core mechanical torque transfer capabilities — from Dana’s legacy business — are still the muscle. When you put this together, Dana stands as the only supplier that has in-house capabilities to deliver these fully integrated systems to the entire mobility market.

This is a fundamental differentiator in supporting a broad range of customers in their adoption of electric vehicles. In short, Dana has completely repositioned the business to support our customers’ clean-energy priorities — across all mobility markets — anywhere in the world.

Half of our new business backlog through 2024 comes from innovating next generation cleanenergy technologies and products.

This incorporates pioneering efficient electric vehicle systems, shaping market trends, and fast-tracking new electrodynamic products such as motors, inverters, controls and software, chargers, e-Power cradles, battery cooling systems, and bipolar fuel-cell plates.

Taking Action

Within the mobility industry, we have a unique opportunity to lead by example, not only in designing and developing products, but in how we manufacture them to reduce our impact on the environment. In 2021, Dana announced that we are reducing our global Scope 1 and 2 annual greenhouse gas (GHG) emissions by more than 50 percent by 2030.

Again, this means taking action where it matters most.

• By lowering our overall energy consumption.
• By driving efficiency improvements across our operations.
• By sourcing renewable energy from on-site solar arrays around the world.
• By entering into a renewable energy purchase agreement that will reduce 90 percent of our current U.S. annual electricity GHG emissions.

Your Sustainability Goals

With 139 major facilities strategically located across 31 countries on six continents, we are committed to building a carbon-neutral supply chain.

Our climate actions also impact customers’ sustainability goals. We therefore closely benchmark and monitor our supplier base to improve the sustainability performance across our supply chain — including the analysis of global Scope 3 GHG emissions.

We regularly score our suppliers based on several important attributes, including their ESG rating. This recognizes that our performance, and the performance of our supply chain, is important to our customers and positively impacts their sustainability objectives.

It’s a high bar. And we keep raising it.

Transparent, Verifiable Claims

We are committed to openly disclosing our ESG commitments and progress, and to being led by science-based methods.

It demonstrates that we are serious about the actions that we are taking to help improve the environment.

We will remain an industry leader by joining the Science Based Target initiative (SBTi), a global “gold standard” organization, validating ambitious, science-based emissions reduction targets. We are proud to partner with SBTi’s member organizations — Carbon Disclosure Project, United Nations Global Compact, World Resources Institute, and Worldwide Fund for Nature — to drive sustainable best practices and lead the way to a zero-carbon economy.

In reporting annually to the Carbon Disclosure Project, a global platform working with organizations of all types to drive positive environmental changes — we are proud to support their important mission to collect, measure, and reduce global GHG emissions.

40,000 Strong

At Dana, we treat people with respect. We rise by lifting others.

Dana’s higher purpose is lived by 40,000 employees working together toward a better tomorrow for our customers and communities.

Our vision, “Powering Innovation To Move Our World,” is a guiding belief that expresses the strength and reliability of our global family and embraces our core capabilities linked to worldclass innovation and customer centricity.

This is accomplished through our core beliefs, which are summed up as —Valuing Others, Inspiring Innovation, Growing Responsibly, and Winning Together.

Combined, these statements represent what we stand for and are the foundational elements underpinning our company theme — People Finding A Better Way.

We continuously strive to foster a culture where all ideas are welcomed, and our employees always feel safe and empowered.

Global Recognition

During 2021, we were named among America’s Most Responsible Companies by Newsweek for three consecutive years reflecting our culture of doing business with the highest ethical standards.

This acknowledgment recognizes, among other things, our commitments to sustainability and social responsibility, our communities, employee health and wellness, and inclusion and diversity. It also spotlights the work we do around the design, sourcing, and manufacturing of cleaneenergy products.

We create empowering environments for our employees through our “One Dana” teamwork and people-first practices. This has led to independent recognition from the Top Employers Institute and the Great Places To Work Institute across Dana operations in Belgium, China, Hungary, India, Italy, Lithuania, Mexico, the Netherlands, Switzerland, the United Kingdom, and the United States.

Our 91-position increase on the Drucker Institute’s List of America’s Best Managed Companies 2021 recognizes excellence in the customer satisfaction, sustainability, and social responsibility categories — and we thank our customers who put their faith in Dana every day.

Above all, our people value creativity, integrity, inclusion and diversity, and place a focus on customer success that underscores everything we do at Dana. They embrace our commitment to living a higher purpose.

I am humbled by their talent and grateful for their work advancing more sustainable practices that do the right thing by people and our planet.

My personal best,

James K. Kamsickas
Chairman and Chief Executive Officer