Cooper Standard Issues Corporate Responsibility Report

Cooper Standard Issues Corporate Responsibility Report

Titled "Commitment to Excellence," the report provides updates on key sustainability targets, initiatives and ambitions.

Cooper Standard issued its 2023 Corporate Responsibility Report (CRR), titled “Commitment to Excellence,” providing updates on key sustainability targets, initiatives and ambitions.

“Our commitment to ESG strengthens our team, partnerships and business, which are all vital for attracting talent, maintaining a robust supply base and developing innovative, cost-effective solutions,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Despite ongoing industry changes, we persist in growing stronger and focusing on drivers of long-term value creation, aligned with our purpose of Creating Sustainable Solutions Together.”

In 2023, Cooper Standard set new goals for certain topics that embrace how the Company is evolving for a new future. Through a goal-review exercise, the Company said it evaluated its successes, challenges and the relevance of previously stated goals, ultimately resulting in a shift in how it measures and evaluates performance in some key areas. Through this process, it created new goals that are taking effect in 2024 and are guiding the Company in the coming years, Cooper Standard added.

Cooper Standard said its “Commitment to Excellence” report discusses the following priorities:

  • Business Ethics & Integrity: maintaining a world-class reputation for conducting honest, ethical and responsible business practices;
  • Climate Change: reducing the Company’s impact on the environment and taking action to manage climate risks;
  • Diversity, Inclusion and Belonging: fostering and maintaining a culture that supports and promotes diversity, inclusion and belonging;
  • Employee Engagement & Talent Development: achieving world-class performance in talent strategy by creating an inclusive and supportive environment to retain and attract the best talent;
  • Energy & Emissions: reducing the Company’s carbon emissions through energy-efficient programs, capital investments, innovations and collaboration;
  • Innovation: continuously evolving and embracing innovative ideas to exceed stakeholder expectations; and
  • Product Lifecycle: implementing sustainable materials and processes throughout each stage of our product lifecycle where feasible and practical for our business.

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