Cooper Standard Establishes Carbon Neutral Targets in Updated Corporate Responsibility Report
Cooper Standard (NYSE: CPS) has released its 2024 Corporate Responsibility Report, announcing ambitious carbon neutrality targets of 2040 for Europe and 2050 globally. The company completed its first double materiality assessment aligned with EU's Corporate Sustainability Reporting Directive. The report, titled "Transformation: Change is Constant," outlines key priorities including energy management, greenhouse gas emissions, climate change adaptation, workforce development, and business ethics.
Under CEO Jeffrey Edwards' leadership, Cooper Standard aims to develop near-term science-based targets while focusing on sustainable practices and stakeholder value. The company's comprehensive approach addresses various aspects including product lifecycle, circularity, waste management, workforce health and safety, responsible sourcing, and business continuity.
Cooper Standard (NYSE: CPS) ha pubblicato il suo Rapporto di Responsabilità Sociale 2024, annunciando ambiziosi obiettivi di neutralità carbonica fissati per il 2040 in Europa e il 2050 a livello globale. L'azienda ha completato la sua prima valutazione di doppia materialità in linea con la Direttiva UE sulla Rendicontazione della Sostenibilità Aziendale. Il rapporto, intitolato "Transformation: Change is Constant", evidenzia le priorità chiave tra cui la gestione dell'energia, le emissioni di gas serra, l'adattamento ai cambiamenti climatici, lo sviluppo della forza lavoro e l'etica aziendale.
Sotto la guida del CEO Jeffrey Edwards, Cooper Standard punta a definire obiettivi scientifici a breve termine, concentrandosi su pratiche sostenibili e sul valore per gli stakeholder. L'approccio globale dell'azienda copre vari aspetti, tra cui il ciclo di vita del prodotto, la circolarità, la gestione dei rifiuti, la salute e sicurezza sul lavoro, l'approvvigionamento responsabile e la continuità operativa.
Cooper Standard (NYSE: CPS) ha publicado su Informe de Responsabilidad Corporativa 2024, anunciando ambiciosos objetivos de neutralidad de carbono para 2040 en Europa y 2050 a nivel global. La compañía completó su primera evaluación de doble materialidad alineada con la Directiva de Reporte de Sostenibilidad Corporativa de la UE. El informe, titulado "Transformation: Change is Constant", destaca prioridades clave como la gestión energética, las emisiones de gases de efecto invernadero, la adaptación al cambio climático, el desarrollo de la fuerza laboral y la ética empresarial.
Bajo el liderazgo del CEO Jeffrey Edwards, Cooper Standard busca desarrollar objetivos científicos a corto plazo, enfocándose en prácticas sostenibles y en el valor para los interesados. El enfoque integral de la empresa aborda diversos aspectos, incluyendo el ciclo de vida del producto, la circularidad, la gestión de residuos, la salud y seguridad laboral, el abastecimiento responsable y la continuidad del negocio.
쿠퍼 스탠다드(NYSE: CPS)는 2024년 기업 책임 보고서를 발표하며 유럽은 2040년, 전 세계는 2050년까지 탄소 중립 목표를 제시했습니다. 회사는 EU의 기업 지속가능성 보고 지침에 부합하는 첫 번째 이중 중요성 평가를 완료했습니다. "Transformation: Change is Constant"라는 제목의 보고서는 에너지 관리, 온실가스 배출, 기후 변화 적응, 인력 개발, 기업 윤리 등 주요 우선순위를 제시합니다.
CEO 제프리 에드워즈의 리더십 아래 쿠퍼 스탠다드는 단기 과학 기반 목표 설정을 추진하며 지속 가능한 관행과 이해관계자 가치를 중점적으로 다룹니다. 회사의 포괄적 접근법은 제품 수명 주기, 순환성, 폐기물 관리, 인력 건강 및 안전, 책임 있는 조달, 사업 연속성 등 다양한 측면을 포함합니다.
Cooper Standard (NYSE : CPS) a publié son rapport de responsabilité d'entreprise 2024, annonçant des objectifs ambitieux de neutralité carbone fixés à 2040 pour l'Europe et 2050 au niveau mondial. L'entreprise a réalisé sa première évaluation de double matérialité conforme à la directive européenne sur le reporting de durabilité des entreprises. Le rapport, intitulé « Transformation : le changement est constant », présente les priorités clés telles que la gestion de l'énergie, les émissions de gaz à effet de serre, l'adaptation au changement climatique, le développement des effectifs et l'éthique des affaires.
Sous la direction du PDG Jeffrey Edwards, Cooper Standard vise à développer des objectifs scientifiques à court terme tout en se concentrant sur des pratiques durables et la création de valeur pour les parties prenantes. L'approche globale de l'entreprise couvre divers aspects, notamment le cycle de vie des produits, la circularité, la gestion des déchets, la santé et la sécurité au travail, l'approvisionnement responsable et la continuité des activités.
Cooper Standard (NYSE: CPS) hat seinen Corporate Responsibility Bericht 2024 veröffentlicht und ehrgeizige Klimaneutralitätsziele für 2040 in Europa und 2050 weltweit angekündigt. Das Unternehmen hat seine erste doppelte Wesentlichkeitsbewertung gemäß der EU-Richtlinie zur Nachhaltigkeitsberichterstattung abgeschlossen. Der Bericht mit dem Titel „Transformation: Change is Constant“ skizziert zentrale Prioritäten wie Energiemanagement, Treibhausgasemissionen, Anpassung an den Klimawandel, Personalentwicklung und Geschäftsethik.
Unter der Leitung von CEO Jeffrey Edwards strebt Cooper Standard die Entwicklung kurzfristiger wissenschaftsbasierter Ziele an und legt den Fokus auf nachhaltige Praktiken und den Wert für die Stakeholder. Der umfassende Ansatz des Unternehmens umfasst verschiedene Bereiche wie Produktlebenszyklus, Kreislaufwirtschaft, Abfallmanagement, Gesundheit und Sicherheit der Mitarbeiter, verantwortungsvolle Beschaffung und Geschäftskontinuität.
- Established clear carbon neutrality targets: 2040 for Europe and 2050 globally
- Completed first double materiality assessment aligned with EU regulations
- Demonstrated commitment to sustainability and stakeholder value through comprehensive ESG initiatives
- None.
"In an industry where change sometimes seems to be the only constant, we embrace the need to be agile and adaptable to effectively meet ever higher regulatory standards and customer requirements," said Jeffrey Edwards, chairman and CEO of Cooper Standard. "Over the past five years we have effectively transformed the Company to make it stronger and more competitive, while still maintaining a constant focus on sustainability and our core Company values. We have set the bar high in terms of our sustainability goals and objectives, and we are proud of the progress we are making toward achieving them."
In 2024, Cooper Standard conducted its first double materiality assessment, which was aligned to the requirements of the European Union's Corporate Sustainability Reporting Directive. The Company partnered with an objective third party to follow the process set forth by the European Sustainability Reporting Standards to develop and evaluate Impact, Risk and Opportunity statements related to its business operations and value chain.
The Company's 2024 Corporate Responsibility Report discusses these priorities, that include: energy; greenhouse gas emissions; climate change adaptation; product lifecycle, circularity and waste; workforce engagement and development; workforce health, safety and wellbeing; talent attraction and retention; human rights and labor relations; business ethics and integrity; responsible sourcing; business continuity and disaster recovery; and customer trust and satisfaction.
"We strive to be an industry leader by benchmarking against our peers, identifying areas for improvement and aspiring to exceed industry standards," said Edwards. "The report outlines the measurable progress Cooper Standard has made in addressing the evolving needs of our stakeholders – employees, customers, investors, suppliers and communities – through transparent strategies aligned with our Core Values. It also details the Company's proactive responses to global industry challenges and its unwavering dedication to delivering long-term value in a dynamic market environment."
To review Cooper Standard's 2024 Corporate Responsibility Report, please visit: https://cooperstandard.com/company/our-social-responsibility-commitment.
About Cooper Standard
Cooper Standard, headquartered in
Contact: Chris Andrews
Cooper Standard
(248) 596-6217
candrews@cooperstandard.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cooper-standard-establishes-carbon-neutral-targets-in-updated-corporate-responsibility-report-302453407.html
SOURCE Cooper Standard
FAQ
What are Cooper Standard's (CPS) carbon neutrality targets announced in 2024?
What key priorities did Cooper Standard address in its 2024 sustainability report?
What significant assessment did Cooper Standard (CPS) complete in 2024?
Who is the current CEO of Cooper Standard (CPS) and what is their stance on sustainability?
