Rogers Corporation Releases Its 2024 Environmental, Social and Governance Report

Rhea-AI Summary

Rogers (NYSE: ROG) has released its 2024 Environmental, Social, and Governance (ESG) Report. The report showcases Rogers' commitment to sustainability and corporate responsibility, highlighting achievements in reducing energy consumption, greenhouse gas (GHG) emissions, and water usage. Key targets include a 20% reduction in Scope 1 and Scope 2 GHG emissions by 2030. Additionally, the report details Rogers' efforts in employee safety, development, and ethical governance, aligning with recognized sustainability frameworks such as those by the Sustainability Accounting Standards Board. The full report is available on the company's website.

Positive

• Commitment to achieving a 20% reduction in Scope 1 and Scope 2 GHG emissions by 2030.
• Participation in markets that reduce CO2 emissions, such as electric vehicles and renewable energy.
• Progress in reducing energy consumption, GHG emissions, and water usage in manufacturing operations.

Negative

• None.

CHANDLER, Ariz.--(BUSINESS WIRE)-- Rogers Corporation (NYSE: ROG) (“Rogers”) announced today the release of its 2024 Environmental, Social and Governance Report (ESG) Report.

“We are pleased to share our latest ESG report, which further demonstrates Rogers’ commitment to corporate responsibility and sustainability,” said Colin Gouveia, Rogers' President and CEO. “The report highlights both the significant progress we have made towards our ESG initiatives this past year and our dedication to operate our business with a strong sense of responsibility to all our stakeholders. As we continue forward on our ESG journey we are pleased to introduce targets to reduce GHG emissions across our global operations. At Rogers we are committed to enabling a cleaner, safer, and more connected world with our innovative materials that help drive leading-edge technologies.”

Key highlights from the report include:

• Explanations of Rogers’ participation in markets that reduce CO2 emissions, such as electric vehicles and renewable energy;
• Our sustainability practices within our manufacturing operations, including progress made to reduce energy consumption, GHG emissions and water usage;
• A commitment to achieve a 20% reduction in Scope 1 and Scope 2 GHG emissions at our manufacturing sites by 2030;
• The company’s approach to employee safety, development, and recognition;
• The ways we ensure ethics and integrity in our corporate governance; and,
• Reporting that aligns to established sustainability and reporting frameworks, including those published by the Sustainability Accounting Standards Board.

The Report is available at the Company’s website.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide. For more information, visit www.rogerscorp.com.

Safe Harbor Statement

Statements included in this release that are not a description of historical facts are forward-looking statements. Words or phrases such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “seek,” “plan,” “expect,” “should,” “would” or similar expressions are intended to identify forward-looking statements, and are based on Rogers’ current beliefs and expectations. This release contains forward-looking statements regarding our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from those indicated by the forward-looking statements. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701504169/en/

Media Contact:

Amy Kweder

Senior Director, Corporate Communications

Phone: 480.203.0058

Email: amy.kweder@rogerscorporation.com

Investor Contact:

Steve Haymore

Senior Director, Investor Relations

Phone: 480.917.6026

Email: stephen.haymore@rogerscorporation.com

Source: Rogers Corporation

FAQ

What are the key highlights of Rogers 's 2024 ESG Report?

The report highlights Rogers' achievements in reducing energy consumption, GHG emissions, and water usage. It also includes a commitment to a 20% reduction in Scope 1 and Scope 2 GHG emissions by 2030, efforts in employee safety, development, and ethical governance.

What targets has Rogers set in its 2024 ESG Report?

Rogers aims to achieve a 20% reduction in Scope 1 and Scope 2 GHG emissions at its manufacturing sites by 2030.

How does Rogers contribute to reducing CO2 emissions?

Rogers participates in markets such as electric vehicles and renewable energy, which help to reduce CO2 emissions.

What sustainability practices has Rogers implemented in its manufacturing operations?

Rogers has made progress in reducing energy consumption, GHG emissions, and water usage within its manufacturing operations.

How does Rogers ensure ethics and integrity in its corporate governance?

Rogers ensures ethics and integrity in corporate governance through established practices that align with recognized sustainability and reporting frameworks.