Standard Motor Products, Inc. (SMP) announced it has been recognized as one of America’s Most Responsible Companies 2024 by Newsweek and Statista.
SMP said it is honored to be one of only 19 companies in the automotive and components sector included in this list. Companies are recognized for continued effort and results within all aspects of Sustainability – Environmental, Social and Corporate Governance (ESG). “This recognition is a direct reflection of SMP’s commitment to be environmentally and socially responsible to all of our stakeholders while enhancing our ESG profile and initiatives,” the company said.
Each year since 2020, Newsweek partners with global research and data firm Statista to rank and compile the list of America’s Most Responsible Companies based on two metrics, according to SMP.
First, over 30 key performance indicators (KPIs) were researched for the top 2,000 US public companies by revenue. The second is a public survey, which is used to evaluate the companies’ corporate social responsibility (CSR) reputation. For this analysis, 17,000 U.S. residents were surveyed, during which respondents were asked to select companies they were familiar with and evaluate both their CSR performance in general and in the three sub-dimensions of environmental, social, and corporate governance.
“SMP strongly believes in the value of being a good corporate citizen,” said Eric Sills, president and CEO of SMP. “Our sustainability commitments to our company, employees, business partners, and the communities in which we operate are key elements to our success. We are proud that our efforts have not gone unnoticed, and we remain dedicated to advancing these important initiatives.”