Stoneridge Releases Inaugural Sustainability Report

Stoneridge Releases Inaugural Sustainability Report

The report highlights the company’s progress on Environmental, Social and Governance initiatives.

Stoneridge, Inc. published its inaugural sustainability report which highlights the company’s global progress related to its environmental, social, and governance (ESG) initiatives through fiscal year 2023.

“Stoneridge’s inaugural Sustainability Report is a milestone in our company’s history as it reflects our commitment to integrating sustainable practices throughout our business,” said Jim Zizelman, president and CEO, Stoneridge, Inc. “We’re proud of the progress we have made thus far and look forward to continuing to share the work Stoneridge is doing to positively impact the world around us.”

The Company’s four sustainability pillars – Our Products, Our Operations, Our People, and Our Governance – are the foundation of this report, and the areas in which Stoneridge said it reports its performance.

Accomplishments highlighted in the 2023 Sustainability report include:

  • 18.6% reduction of Absolute Scope 1 and Scope 2 GHG Emissions against a 2019 baseline, exceeding initial targeted reduction by 3.6%
  • Achievement of a B score on CDP Climate Change Disclosure
  • Formation of Diversity, Equity, and Inclusion (DEI) committee structure and strategy
  • Published first Task Force for Climate-Related Financial Disclosures (TCFD) Report
  • Disclosed first Sustainable Accounting Standards Board (SASB) Standards Index
  • Alignment with United Nations (UN) Sustainable Development Goals

You May Also Like

ZF Aftermarket Releases 36 New Parts for US, Canada

ZF has introduced a total of 185 new products in 2024 under the ZF, LEMFÖRDER, SACHS, TRW and WABCO brands.

ZF Aftermarket announced it launched 36 new part numbers for a variety of braking, suspension and transmission components for passenger cars in the United States and Canda (USC) aftermarket. This includes 10 new part numbers for SACHS Continuous Damping Control (CDC) shock absorbers, bringing the total number launched this year to 60.

Dana Expands Spicer ReadyShaft Assembly Coverage

The addition of more than 3,000 new part numbers brings Dana’s ReadyShaft program
to over 13,000 active SKUs.

Dana-Expands-Spicer-ReadyShaft-Assembly-Coverage
Litens Aftermarket North America Elevates Sustainability Efforts

Litens said it is dedicated to achieving carbon neutrality by 2030. 

Litens Aftermarket North America Elevates Sustainability Efforts
HELLA Introduces HELLA BLADE LED 6” Series Auxiliary Lights

The HELLA BLADE Series combines powerful illumination with innovative features for the ultimate driving experience, the company said.

HELLA-BLADE-LED-6-Series-Auxiliary-Lights
Transtar Announces Agreement for Axalta to Acquire The CoverFlexx Group

Axalta Coating Systems has signed a definitive agreement to acquire Transtar Holding Company’s subsidiary The CoverFlexx Group.

Transtar-logo-on-white

Other Posts

ENNOVI Achieves EcoVadis Platinum Sustainability Rating

Earning the Platinum Medal for the fourth year ranks ENNOVI in the top 1% of companies for sustainability in 2023.

ENNOVI-Achieves-EcoVadis-Platinum-Sustainability-Rating
Bendix: Air Disc Brake Production has Doubled Since 2018

Commercial ADB adoption rates in Class 6-8 vehicles are now up over 50%, according to Bendix.

Bendix Bowling Green
MPA: ‘We’re as Strong as Ever’

Chairman, President and CEO Selwyn Joffe discusses what he’d like the aftermarket to know about Motorcar Parts of America.

MPAs-Selwyn-Joffe-Were-as-Strong-as-Ever
Dayton Parts Offers New Aftermarket Products

A new DPF differential pressure sensor, engine oil dipsticks and fuel injector wiring harnesses designed to match OEM spec.

Dayton-parts-releases-2-sensor-dipstick-harnesses-1400